Paul Poirot is remembered by most people as the thirty-year editor of The Freeman, the monthly journal published by the Foundation for Economic Education since 1956. But Paul Poirot was much more than just an editor. Dr. Poirot was an uncompromising proponent of the ideal concept of a free society and the Austrian economic theory perspective upon which an unhampered market process is founded. Paul Poirot and his journal, The Freeman, never wavered from advancing the cause of individual liberty and the essential absolutes of private property and monetary freedom required for the achievement of a free market order.

This festschrift reflects the legacy of Paul Poirot in his life-long pursuit of the philosophy of freedom. Compiled by Robert G. Anderson and Beth Hoffman, the essays were written upon his retirement in 1987. Almost all of the authors were long-time friends and associates of Dr. Poirot.

Special thanks to Gary North for making this book available again in both print and eBook format.

144 pages, paperback, ISBN: 9781610161985

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vii FOREWORD

Robert G. Anderson

ix INTRODUCTION

Beth A. Hoffman

1 THE EVER-PRESENT DANGER

Robert G. Anderson

5 EBENEZER SCROOGE AND THE FREE SOCIETY

Howard Baetjer Jr.

11 FAIR PRICING: THE PERSISTENT DELUSION

Melvin D. Barger

17 THE RIGHT TO PROPERTY

Clarence B. Carson

22 “FABIANISM-IN-REVERSE”

John Chamberlain

26 INDIVIDUALISM REVISITED: A CASTLE IN THE CLOUDS

Ridgway K. Foley, Jr.

30 FREEDOM PROMOTES INTEGRITY AND MORALITY

Bettina Bien Greaves

37 TEACHERS OF LIBERTY

Perry E. Gresham

45 SPONTANEOUS ORDER AND THE CASE FOR THE FREE MARKET

Israel M. Kirzner

51 JEREMIAH’S JOB

Gary North

Contents

v

55 VOCATION

Edmund A. Opitz

61 THIS I BELIEVE . . .

William H. Peterson

64 LAW, ECONOMICS, AND FREEDOM

Sylvester Petro

73 CHILD LABOR AND THE BRITISH INDUSTRIAL REVOLUTION

Lawrence W. Reed

79 THE PEN IS MIGHTIER THAN THE PLAN

Gregory F. Rehmke

86 WHY LIBERTY AND MORALITY ARE INSEPARABLE

George C. Roche III

96 MAKE-WORK JOBS

Dean Russell

99 ETERNAL HOPE

Hans F. Sennholz

109 THE PRIMACY OF FREEDOM

Brian Summers

113 THE TRANSFORMATION OF “LIBERALISM”

John K. Williams

119 THE UNNOTICED EROSION OF THE MEANING AND

VALUE OF LIBERTY

Anne Wortham

129 ADDENDUM

HE GAINS MOST WHO SERVES BEST

Paul L. Poirot