Book Hints


After reading Davis Keeler's book review in this issue, readers may be interested to know that Professor Siegan has come out with yet another book—Planning without Prices (D.C. Heath, Lexington Books, 1977, 191 pp., $13.50). It is a collection of essays, edited and with an introduction by Siegan, on the taking clause as it relates to land-use regulation without compensation. Also, Barry Bruce-Briggs (see the Keeler review) has just written a nontechnical discussion of the benefits of and the highfalutin opposition to "America's love affair with the automobile": The War Against the Automobile (Dutton, 244 pp. $10.95).

Here's three new and related books: Albert O. Hirshman, a political economist in residence at Princeton's Institute for Advanced Study, takes up the intellectual predecessors of Adam Smith and examines Smith's central ideas in The Passions and the Interests: Political Arguments for Capitalism before its Triumph (Princeton University Press, 1977, 153 pp., $10). This work provides a natural backdrop for a new collection brought to us by Arlington House—The Capitalist Reader (1977, 272 pp., $9.95), edited by Lawrence S. Stepelevich, with contributions ranging from Adam Smith to Ludwig von Mises and from Ayn Rand to Milton Friedman. LibertyPress has come out with The Roots of Capitalism (1977, 293 pp., $9.00/$3.00), in which John Chamberlain weaves a defense of capitalism around political and economic theory and the practical accomplishments of innovators and businessmen. Those interested in Chamberlain's The Roots of Capitalism might want to check out 200 Years of American Business, by the American business historian Thomas C. Cochran (Basic Books, 1977, 288 pp., $13.95).

Milton Friedman's name keeps coming up!—understandably so. His lecture presented upon the occasion of receiving the 1976 Nobel prize is brought out by the Institute of Economic Affairs (London): Inflation and Unemployment: The New Dimension of Politics (1977, 36 pp., $2.75 [paper]; U.S. distribution by Transatlantic Arts, Levittown, NY). The same institute makes available Liberty and Equality by the famous economist Lord Robbins (1977, 24 pp., $1.95 [paper]) and Democracy and the Value of Money: The Theory of Money from Locke to Keynes (1977, 32 pp., $1.95 [paper]).

Finally, some may find useful the Directory of Conservative and Libertarian Serials, Publishers, and Freelance Markets, compiled by Dennis D. Murphy (published by Murphy, Tucson, AZ, 1977, 64 pp., $3.50 [paper]).