This volume argues that the virtues of the market system, private property, and freedom of exchange can be applied to enhance the quality of life. Although people recognize in the abstract that markets work better than government in allocating resources, government`s presence in the economy increases as government intervenes to deal with different problems. This book shows how the market mechanism that has enhanced material well-being is better suited than government planning to improve the quality of life. After examining general principles guiding both market and government allocation of resources, the book then examines specific policy issues, including environmental protection, health care, regulation of product quality, and land use planning.