Discussed is the new conservatism that is reflected in American economic circles today. Economists and organizations that are responsible for this new vitality in procapitalist economics are highlighted, including Arthur Laffer, Milton Friedman, William Allen, and Frederich Hayek. (JMD)

Concern about regaining international economic edge and maintaining a comfortable margin for defense capacity have translated themselves into recognition of the key role of education, research, and development in the country's life. The election of 1984 and what fiscal constraints and runaway deficit will allow in educational spending are…