LAWRENCE FERTIG 380 MADISON AVENUE NEW YORK, N.Y. 10017 July , 1971 Dear Lu, Not much is happening down here. Weather hot, but not unpleasant, and of course living at Sands Point near the water is sheer delight these days. Have you seen a compilation of some of Hayek's essays in a paper-back book called STUDIES IN PHILOSOPHY, POLITICS AND ECONOMICS? I spent last weekend reading in it and I just wrote a note to Hayek this morning in which I told him of my great admiration for his work, and my delight at reading many of these essays. I called particular attention to "The Theory of Complex Phenomena", "The Results of Human Action but not of Human Beings" and "Unions, Inflation and Profits." Leonard Read told me some time ago that Hayek's morale was rather low because he did not feel that his work was being properly appreciated, and so I felt that I owed him an enthusi- astic letter about this series of essays. Of course I had read many of them independently, but re-reading them refreshed my mind, and I also found many new essays that reflect Hayek's great wisdom. I told Leonard Read on the 'phone this morning that I thought the Foundation ought to help distribute this book in order to counteract the modern tendency towards instant solutions, instant laws and instant wisdom. I enclose for your summer reading an excellent statement from the Wall Street Journal on the Supreme Court decision favoring the New York Times. Also enclosed is a statement by Dean Acheson, formerly Secretary of State, which appeared in the N.Y. Times. In recent years Acheson has become a much wiser man about communism, politics, etc == but I cannot forget all the harm he did when he had other ideas as Secretary of State. I hope you and Margit are enjoying the fine weather we have been having. I'11 be writing you sometime soon again. Love to you and Margit. My best. Kany