"It is so obvious that the marketplace is not a social enemy that I pause to wonder," Mr. Buckley begins,"whether we are going to hear from these illustrious gentlemen that we should tonight sit here and, after two spirited hours, repeal the law of supply and demand, the law of diminishing returns, the doctrine of comparative advantage. If the marketplace is responsible, as it is, for 114 million Americans working, which is to say approximately 95 per cent of the working population, what system is it proposed that we introduce in its place? The Soviet Union tried to replace the marketplace and produced abject poverty and scarcity in a country the size of our own, with average earnings per person one-sixth of our own." Mr. Kuttner argues for something other than "an absolute, pure market.... We need capitalism, but we need in a good society a reasonable balance between market realms and extra-market realms, if only to help the market do what it does best." In this lively session, our debaters--including several new faces--go through job creation and downsizing, wealthy executives versus just-making-it working couples, the upward mobility of many American workers versus the case of Melinda Bagby, a skilled nurse, Mr. Stern tells us, who has received a total pay raise in the last seven years of 60 cents an hour.