| Introduction: The Idea That Is Changing the World | 1 |
| Part I | Ideas and Consequences | |
| Interview with F. A. Hayek | 17 |
| Liberalism in the New Millennium | 26 |
| Disregard of Reality | 38 |
| Part II | Economic Growth | |
| The Real Free Lunch: Markets and Private Property | 55 |
| The Soft Infrastructure of a Market Economy | 63 |
| The Causes of Economic Growth | 69 |
| Part III | The Welfare State | |
| Deregulating the Poor | 81 |
| Social Security: Has the Crisis Passed? | 95 |
| The Success of Chile's Privatized Social Security | 105 |
| Ending Welfare as We Know It | 111 |
| Preschool in the Nanny State | 125 |
| Part IV | The Regulatory State | |
| The High Cost of Government Regulation | 131 |
| Enviro-Capitalism vs. Environmental Statism | 139 |
| Federal Deposit Insurance Source of S&L Crisis | 147 |
| Parasite Economy Latches onto New Host | 155 |
| Part V | A World in Transition | |
| Fear and Loathing in the Soviet Union | 161 |
| The Strikes in Poland: Workers against the Workers' State | 168 |
| Let a Billion Flowers Bloom | 180 |
| Prospects for Peaceful Change in South Africa | 182 |
| Transition in the East: Democracy and Market | 192 |
| The Communist Road to Self-Enslavement | 199 |
| China's Quiet Property Rights Revolution | 206 |
| Why Socialism Collapsed in Eastern Europe | 214 |
| Systemic Change: The Delicate Mixture of Intentions and Spontaneity | 222 |
| Private Education Emerges in China | 229 |
| China's Future: Market Socialism or Market Taoism? | 232 |
| Part VI | Foreign Affairs | |
| From Republic to Empire: The Constitution and the Evolution of U.S. Foreign Policy | 245 |
| The Case for U.S. Strategic Independence | 254 |
| Does U.S. Intervention Overseas Breed Terrorism? | 264 |
| Fool's Errands | 274 |
| Part VII | Trade and International Finance | |
| The Globalization of Finance | 289 |
| Using the Market for Social Development | 297 |
| Free Trade from the Bottom Up | 308 |
| The Asian Crisis: Why the IMF Should Not Intervene | 320 |
| Part VIII | Law and Liberty | |
| Economic Affairs as Human Affairs | 329 |
| Judicial Review: Reckoning on Two Kinds of Error | 337 |
| The Constitutional Protection of Economic Freedom | 345 |
| National Emergency and the Erosion of Private Property Rights | 353 |
| The Forgotten Ninth and Tenth Amendments | 370 |
| Dissolving the Inkblot: Privacy as Property Right | 379 |
| Clinton's Chilling Constitutional Legacy | 388 |
| The War on Drugs | 400 |
| Part IX | Democracy and Culture | |
| Myths of Individualism | 411 |
| Rights and Responsibilities | 419 |
| The Right to Do as You Please and Take the Consequences | 422 |
| Are Libertarians Anti-Government? | 425 |
| Creating a World of Free Men | 428 |
| Is Our Culture in Decline? | 433 |
| Affirmative Action Can't Be Mended | 442 |
| The Future of Liberty | 452 |
