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Is there hope for man? That "terrible question" was posed by Robert L. Heilbroner in the original version of An Inquiry into the Human Prospect. In this third edition of a book that has become a classic, Professor Heilbroner leaves the question in place on the first page, believing some twenty years later that that interrogative sounds the themes of the 1990s as well. The main components of the global predicament he described in the first edition are still with us today: runaway populations, obliterative weaponry, and a closing environmental vise.

Writing now, in the aftermath of the extraordinary events that caused communism as a challenger to capitalism to vanish "like a puff of smoke," Professor Heilbroner traces out the difficulties that beset those attempting centrally planned economics. He shows how Soviet-style systems became mired in bureaucratic swamps. But he warns that the triumph of profit-driven, market-directed economies will not delay the looming...

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