ABSTRACT
The early 1970s finds almost all western industrial societies and the mixed capitalist system in general disarray. The swing to collectivism, or at least corporatism, that is, private ownership under -state control, is widespread. The question in the face of these trends is whether a free market economy, suitably modified as a social market economy according to the aspirations and requirements of individual societies, can be effectively recreated. During the Keynesian period, roughly covering the last thirty years, it has been put out that some form of intervention by either national or supranational governments is an essential precondition for both progress and stability 1world-wide. Yet the evidence to hand in this collection of essays is that this very interventionism has now created a level of instability that requires a new set of ground rules. It has almost been forgotten that it is as essential to plan for free market systems in a rigorous manner as it is for collectivist ones.
