THE ECONOMICS OF A "FREE" SOCIETY: FOUR ESSAYS.

The article discusses four essays written by economists on the economics of free society. Talking about the political climate of that time the author has stated that western democratic world, economists and laymen alike were more than ever involved in the old, perpetual debate over economic freedom versus governmental and group controls. Political economy is a much broader subject than economic science. It involves the latter plus all other social or human sciences, plus philosophical, ethical and political reflection, plus thoughtful study of human history. And like philosophy, into which it overlaps, it must forever remain in essential part a theater of controversy, and never can become entirely a branch of research leading to agreement on the truth. That is why, as one of the central controversies in this field, the debate about the proper spheres of individual freedom and collective control in the "good" economy is eternally recurrent, wherever thought and discussion are free.