L

Labor

baiting, 740

capital and, 637

catallactics and, 585, 771–773

child, 610, 612, 615, 740–741

commodity character of, 590, 605, 628–629

competition and, 625, 768

compulsory, 628

conditions, 613

distribution of, 134

disutility of, 65–66, 131–137, 584, 588, 606–613

division of, 65, 82, 131, 143–145, 147, 157–164, 258, 266, 465, 588, 606, 669, 824, 827

extroversive, 584–585

free, 135n, 628

hours of, 133, 599, 608, 740

human, 131–137, 141, 489

immediately gratifying, 137–138

international division of, 622, 824, 826

interventionism and, 610

introversive, 137n, 584–585

joy and tedium of, 585–589

legislation, 313–314, 363, 739, 746–749

market, 584–630

nonspecific factor of, 133–135, 389, 590

Party of Britain, 726

price of, 602

productivity of, 605, 674, 675n, 768

professional, 140, 234

quantity and quality of, 619

relations, 80, 691

Russian versus American, 675n

selective function and, 309

slave, 624–630

socialism and, 137, 674

supply of, 136, 606–613

theory of, 584–630

unions, 373–374, 585, 591, 605, 618, 764–767, 771–773, 783, 786–787, 808, 811

United States, 675n

wages for, 589–593, 615, 619, 673see also, Production, factors of

Laissez faire, 9, 613, 615, 616, 725–727, 741, 820, 824, 837

Land

appraisal versus improvements, 637n

as standing room, 638–639

capital accounting and, 262–263

catallactics and, 634n

evenly rotating economy and, 639n

external costs and, 650

ownership of, 308

preromantic ages and, 641

prices of, 390, 523, 619, 630, 639–640

reform, 801

submarginal, 636–638

theory of, 632–641

utilization of, 634–636, 652see also, Property

Landauer, Carl, 699n

Lange, Oskar, 702n

Langlois, Charles Victor, 50n

Laputania, 8

Laski, Harold, 726

Lassalle, Ferdinand, 842n, 846

Latin Monetary Union, 469

Laum, Bernhard, 267n

Lavoisier, Antoine Laurent, 186

Law

economic

association, 158–163, 168, 174

comparative cost and, 158–163

Gregory King, 232

marginal utility, 119–127, 632

of the market, 755–756

of wages, 20n, 601, 739

participation, 36

population, 20n, 129, 174–175, 663–669

psychophysics, 125

return, 127–130, 338–347, 663

Ricardian, 158–163, 168, 174see also, Gresham's Law

equality under, 838

moral and natural, 146, 173–174, 716, 755, 835, 837

of human action, 755see also, Praxeology

of nature (physical), 755see also, Sciences, natural

regarding property, 651

rule of, 199see also, Liberalism; Legislation

Laymen, economic philosophy of, 464

Leadership, 138, 155, 256, 311, 325

League of Nations, 683–684, 792n, 821

Learning, see, Education

Leather, tariff on, 742

Lebensraum,320

Legal tender, 432n, 445, 447, 469, 774, 777–779see also, Currency; Fiats; Money, paper

Legislation

commercial, 214

Corn Laws, 82

labor, 313–314, 363, 739, 746–749

legal tender, 774, 777–779

licenses and, 366, 658–659

Peel's Act of 1844, 569

prolabor, 313–314, 738–741, 746–749see also, Copyrights; Laws; Patents

Leibniz, Gottfried Wilhelm, 13n

Leisure, 131

Lend-lease, 475

Lenin, Nikolai, 76, 645

Lerner, Abba Ptachya, 803n

Level of prices, 223, 395–396, 410

Lévy-Bruhl, Lucien, 36–37

Liberalism

advocacy of, 149–157, 183

banking problems and, 440–441

eighteenth-century, 173

government and, 149, 283, 321,719

philosophy of, 685, 837

praxeology and, 153–155

pseudo, 153

religion and, 155–157see also, Market economy

Liberals

illusions of, 157, 193, 860–862

self-styled, 281

Liberty, see, Freedom

Licenses, 366, 658–659

Life and science, 877–878

Living costs, 466see also, Costs; Standard of living

Loans

bank, 568

contract for, 196–199, 280, 281, 497, 524

government, 226, 461

interest rate and, 455

intergovernmental, 499

market, 524, 542–545, 672

money, 430

short and long term, 400, 441, 541

war, 228–229see also, Credit; Credit expansion

Location of industries, 499, 506–507, 510, 514

Locke, John, 13n

Logic, 25, 33–38, 74, 86, 99, 184–185

Logical positivists, 699n

Long run, 82–83, 294, 649

Lorenz, Max Otto, 523n, 734n

Losses, see, Profits and losses

Lottery enterprise, 109

Lozovsky, A. pseud. (Dridzo, Solomon Abramovich), 765n

Lutz, Harley, 731–732

Lysenko, Trofim Denisovich, 496n