Synopses & Reviews
These thirty-three essays, many of them previously unpublished, illustrate the broad range of Warren Nutter's thought. There are essays on the Soviet economy and international relations as well as essays exploring the economic institutions that support a society of free people.
One finds in these essays a man of intellect and judgment ever ready to look at the evidence and ever willing to admit imperfections of even the best human institutions. He defends capitalism not because it is perfect but because for this imperfect world it is superior to the attainable alternatives.
G. Warren Nutter (1923-1979) taught economics at the University of Virginia.
Paul Craig Roberts is a distinguished fellow at the Cato Institute.
Table of Contents
Foreword by Paul Craig Roberts ix
Introduction xiii PART ONE
1 Freedom in a Revolutionary Economy 3
2 Economic Aspects of Freedom 20
3 For a Free Economy: The Need of Our Time 30
4 I Choose Capitalism 37
5 Economic Welfare and Welfare Economics 41
6 A Comment on Okun 49
7 Business Role and Responsibility Today 54
8 Union Power in a Free Society 59
9 The Energy Question 65
10 Is Competition Decreasing in Our Economy? 67
11 Monopoly, Bigness, and Progress 76
12 Strangulation by Regulation 87
13 Markets Without Property: A Grand Illusion 94
14 Liberty and Growth of Government 103
15 Central Economic Planning: The Visible Hand 107 PART TWO
16 The Soviet Citizen: Today’s Forgotten Man 133
17 The Structure and Growth of Soviet Industry: A Comparison with the United States 151
18 The Soviet Stir: Economic Crisis and Response 181
19 Some Reflections on the Growth of the Soviet Economy 189
20 The Effects of Economic Growth on Sino-Soviet Strategy 197
21 Trends in Eastern Europe 202
22 Soviet Economic Thought: Whence and Whither? 210 PART THREE
23 Economic Aspects of National Strategy 217
24 Economic Warfare 222
25 Economic Influence of the Middle East on the World Community 237
26 Power and Peace 243
27 The Political Environment of National Strategy 250
28 Moralism, Morality, and Trade 258
29 The Ebb and Flow of American Foreign Policy 270
30 Aid to Vietnam: Keeping Our Word 275
31 Power in the Arena of International Politics 280
32 Foreign Policy and Détente 286
33 Foreign Policy as Public Policy 292 Bibliography of Works by G. Warren Nutter 301
Biographical Note 305
Index 307