This classic of individualist thought, privately printed by the author in 1949, is supplemented with eight previously published essays. E.C. Riegel sensitively and yet uncompromisingly explores the meaning of individualism, the market process, and economic democracy. He proposes as a new democratic principle the separation of money and state. More than any other single factor, he believes ignorance of the nature and functioning of money to be responsible for the compromise of human freedom. Harry Browne says of this book: "The best explanation of the free market I've seen."