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This book attracted attention on first publication under the title of "Capitalism and the Permissive Society" as a spirited defence of capitalism aimed at radicals who valued personal liberty above conformity and authority. It is, if anything, of even greater relevance today now that the political debate centres more on the uses and abuses of both the market and government inter-vention. In this new edition, the author discusses the latest developments in the world of ideas and events. His verdict on recent experiments such as Reaganism and Thatcherism and liberal attempts to revive socialism will be of great interest.