Introduction, by R. W. Bartlett.--Can capitalism compete? By R. W. Miller.--The growth of competition, by S. H. Slichter.--Free economy versus planned economy, by L. Erhard.--Confusion of tongues on the question of the economic order, by L. Erhard.--Latest from inside Russia, by J. Fromm.--New...

In 1990 the privatisation debate in the ex-socialist countries advanced considerably. By now, the fundamental importance of private property for a market economy and the pitfalls of employee-ownership schemes are rarely disputed. Instead, the need for rapid privatisation and suitable methods of...