Free To Choose: a personal Statement

4. Net transfer
(line 2 — line 3)
— 650
+ 140
+ 40
+ 630
+ 790
5. Net transfer as
percent of aver-
age income
—
.
8.2%
+ 1.5
+ 0.5
+
6.3
+
6.6
34. Carnegie Commission,
Higher Education,
p.
7.
35. Originally published in Milton Friedman, "The Role of Government in
Education," and reprinted in slightly revised form in
Capitalism and
Freedom;
quotation from p. 105 of the latter.
36. Educational Opportunity Bank,
a Report of the Panel on Educational
Innovation to the U.S. Commissioner of Education and the Director of
the National Science Foundation (Washington, D.C.: U.S. Govern-
ment Printing Office, August 1967). Supporting material was presented
in K. Shell, F. M. Fisher, D. K. Foley, A. F. Fricdlaender (in associa-
tion with J. Behr, S. Fischer, K. Mosenson), "The Educational Oppor-
tunity Bank: An Economic Analysis of a Contingent Repayment Loan
Program for Higher Education,"
National Tax Journal,
March 1968,
pp.
2-45,
as well as in unpublished documents of the Zacharias Panel.
37. For the statement of the association, see National Association of State
Universities and Land Grant Colleges,
Proceedings, November 12-15,
1967,
pp.
67-68.
For the Smith quotation,
Wealth of Nations,
vol. I,
p.
460
(Book IV, Chap III), where the reference is to traders seeking
government protection from foreign goods.
38. Carnegie Commission,
Higher
Education, p.
121.
39. Quoted from
Capitalism and Freedom,
pp. 99-100.

---

Notes
323
CHAPTER 7
1. Marcia B. Wallace and Ronald J. Penoyer, "Directory of Federal Reg-
ulatory Agencies," Working Paper No. 36, Center for the Study of
American Business, Washington University, St. Louis, September 1978,
p. ii.
2. Evaluation of the 1960—1963 Corvair Handling and Stability ( Wash-
ington, D.C.: U.S. Department of Transportation, National Highway
Traffic Safety Administration, July 1972), p. 2.
3. See Mary Bennett Peterson, The Regulated Consumer (Los Angeles:
Nash Publishing, 1971), p. 164.
4. Matthew Josephson,
The Politicos
( New York: Harcourt Brace,
1938), p. 526.
5. Thomas Gale Moore, "The Beneficiaries of Trucking Regulation,
"
Journal of Law and Economics,
vol.
21 (October 1978), p. 340.
6. Ibid., pp. 340, 342.
7. Gabriel Kolko, The Triumph of Conservatism (The Free Press of
Glencoe, 1963), quotation from p. 99.
8. Richard Harris, The Real Voice ( New York: Macmillan, 1964), p.
183.
9. William M. Wardell and Louis Lasagna, Regulation and Drug Develop-
ment ( Washington, D.C.: American Enterprise Institute for Public
Policy Research, 1975), p. 8.
10. Sam Peltzman, Regulation of Pharmaceutical Innovation ( Washington,
D.C.: American Enterprise Institute for Public Policy Research, 1974),
p. 9.
11. Estimates for 1950s and early 1960s from Wardell and Lasagna, Regu-
lation and Drug Development, p. 46; for 1978, from Louis Lasagna,
"The Uncertain Future of Drug Development," Drug Intelligence and
Clinical Pharmacy,
vol.
13 (April 1979), p. 193.
12. Peltzman, Regulation of Pharmaceutical Innovation,
p. 45.
13. U.S. Consumer Products Safety Commission, Annual Report, Fiscal