‘The Indian Libertarian’ was a fortnightly journal, founded in 1954 by Indian liberal, Ranchhoddas Bhuvan Lotwala, and edited by his daughter Kusum R Lotwala. This edition (Vol. 11, No. 2) of this journal was published on April 1, 1963. The editorial covers Congress boastfulness and self-complacency, Nehru’s way of wrecking national unity, the vicious system in defence ministry, and the Krishna-Godavari waters dispute. “Herd Instinct And Nation Building ” by M.A. Venkata Rao talks about the instincts of the Herd in peace and war by Trotter, social cohesion and the condition of social survival. “Ghost Of History” by M.N. Tholal opines that except for C.Rajagopalachari and his Swatantra party, there seems no awareness of the (then) present crisis in the country. Further Mr. Tholal discusses the 1936 Rapproachement. “Planning and Employment In India” by Prof. G.N. Lawande discusses the objectives of Five-Year Plans. “Britain, The Giant Invalid” talks about irrationalism, landlordism, ticketology, self-impoverishment, crisis and the Common Market. “Small Business Can Be Keystone Of Developing Nations” by Austen Nazareth suggests investing in small and medium-size enterprises. “After Nehru Who?” by A..G.Noorani tries to analyse the successor of Nehru as a Prime Minister and even suggests a few names with their accomplishments. “Malaviya And Mineral Ores” discusses slow socialism. The journal ends with book reviews and news and views.