ABSTRACT

II PHILOSOPHY J. W. N. Watkins Introduction - Hayek's unconservatism - Social spontaneity and the rule of law - Freedom and non-discrimination under the rule of law - Coercion and liberty - Responsibility - The justification of freedom 31

III LAW The Hayekian analysis-The nature oflaw - Predictability and impartiality of law - Administrative powers and administrative law - Constitutionalism and federalism - State economic action - The problem of monopoly 51

IV OBJECTIVES The good society - Aims of policy - The conditions of freedom - The role of independence - Freedom, knowledge and ignorance -Progress -Distributive justice - Conclusion 69

A. A. Shenfield

H. B. Acton

PART TWO: POLICY IN A FREE SOCIETY

V THE MONETARY FRAMEWORK E. Victor Morgan Introduction - Objectives of monetary policy - The causes of inflation - The instruments of monetary policy - Rule and discretion in monetary policy - The central bank and the government - Conclusion 87

VI TAXATION Progressive taxation - Minimum aggregate sacrifice-Hayek's conclusions -The British tax system - Surtax - Estate duty - A tax on personal wealth - Other possible changes 101

VII SOCIAL WELFARE The present state of the debate - Professor Hayek's argument - State monopoly-The alternative to state monopolyThe range of services - Non-state services -Administration of non-state services 119

Frederic Benham

Michael P. Fogarty

PART I. THE LEGAL STATUS OF TRADE UNiONS Sir Henry Sfesser Origins of trade union laws - The growth and use of picketing-The 1871 Act-The 1906 Act - The status of a trade union - The Osborne judgment - The General Strike and the 1927 Act-Conflicting liberties 139

PART II. HUMAN RIGHTS IN INDUSTRY John A. Lincoln Privilege - Human rights - Rules and rights - Effects on general rights, trade union practice and law-Trade unions and the non-member - Rights and responsibilities 155

IX AGRICULTURE E. F. Nash The exceptional case? - The basic economic problem - The error of the protectionist solution - The terms of trade argument - The balance of payments argument - Costs and efficiency in protected agriculture - A way to restore free markets 171

INDEX 190