THE FELLOWSHIP OF THE RING (423 pp.) J.R.R. Tolkien Houghton Mifflin ($5).
THE VISIONARY NOVELS OF GEORGE MACDONALD (434 pp.)Edited by Anne FremantleNoonday Press ($5).
The literary world of elves, trolls, pixies and wizards is a victim of technological unemployment. Science fiction, with its flying saucers and its legions of Martian midgetmen, has just about monopolized the literature of fantasy. But two new books roll out the old-fashioned magic carpet. The Visionary Novels of George Macdonald (containing two stories, Lilith and Phantasies) are by a 19th century Scottish Presbyterian who deserted the...