Index

free-market farming, 304 trade barriers, 137 D Declaration of Independence, 229, 326 De Hevesy, Paul; wheat and world trade, 142 Demand and supply government bonds, 428 labor, 150 lawof,38 see also, Production Democracy defined,239 despotism in, 358 see also, Government De Tocqueville, Alexis; despotism, 358 Dictatorship, 345; see also, Government Dietz, F. C., 166n Diogenes; world invisible, 437, 441 Dionysius, corruption by, 409 Dixon, W. MacNeile, 61n [443 ] Dorn, W. L., 161n Dubinsky, David, 336 E Eastman, Max, 341 Economics ends and means, 269 high school, 247 law of, 38 literature of, 9, 248, 251 morals and, 396 neglected, 254 Education criticism of, 240 economics in, 247 private vs. public, 42 reading for, 94, 251 religious, 47 specialized, 172 Eisenhower, Dwight D., 109 Eliot, Charles W., 47 Emerson, R. W., 61 Employment. See Labor Engels, Friedrich, 340 England. See Great Britain Eulenburg-Weiner, Renee, 61n Europe, U. S. aid to, 109 Exchange. See Trade Executive incentive, 222 Exports and imports, 142; see also, Trade F Fair Labor Standards Act, 335 Fairless, Benjamin F.

perfect price, 18 serving others, 281 Farming. See Agriculture Federal Reserve System, 430 Finlay, George, 214 Food recreation and, 402 sugar, 352 surplus, 304 wheat, 142 Foreign aid, 103, 109, 120, 383 Foundation for Economic Education, educational aids of, 248 Free Man's Library, The, 9n Free market agriculture, 304 business and, 183 capital, 167,343 commodities in, 150 decline of, 55 defined, 77 imports and exports, 142 literature on, 9, 248, 251 preserved, 326 prices, 18,319 specialization, 172 trade, 142; see also, Trade transactions, 27 views, 76, 343 wages. See Wages Freedom. See Liberty Freeman, Roger A.; education criti cized,240. G Gambrell, E. Smythe; liberty preserved,326 Gemmill, Henry, 114 German recovery, 118 Gold, 428 Goldsmith, Oliver, 50 Gompers, Samuel; unionism, 367 Government aid, 103, 109, 383 agriculture and, 142, 271, 304, 306 authority vs. free market, 76 bonds, 428 business, 183 centralized, 402 collectivized, 173, 203 communistic, 105,340 corrupt, 409 democracy defined, 239 despotic, 358 economic benefits of, 269 education, 42, 47, 240 lending. See·Lending limitations, 326, 418 medicine, 296 monopoly, 183 nationalistic, 127, 245, 296, 348 power projects, 262 risks, 124, 188, 191 Social Security and, 65, 71, 86, 274 socialistic. See Socialism subsidy. See Subsidy tax. See Taxation Welfare State, 127,269 world, 369 Great Britain food production in, 142 industry in, 158 socialism in, 296, 383 tax in, 204 Greenewalt, Crawford H.; executive incentive, 222 Grellet, Stephen, 97 [444 ] Guaranty Survey, The economic ends and means, 269 labor's Magna Charta, 150 H Hamilton, Alexander, 203 Hammond, J. L. and Barbara, 159n, 166n Harper, F. A.

graduated tax, 319 income measurement, 216 inflation, 428 paying for things, 14 prison philosophy, 93 Hazlitt, Henry credit inflation, 200 literature on freedom, 9 socialism VS. freedom, 55 Henderson, Hanford; mass action and individualism, 418 Hevesy, Paul de. See De Hevesy, Paul Hill, Benjamin Harvey, 204 Hoover Commission, 188,212 Housing and labor, 272 Hugo, Victor, 62 Human behavior, 27, 418, 424 I Imports and exports, 142; see also, Tariff; Trade Incentive, executive, 222 Income equalized after taxes (chart), 220 foreign use of, 383 investments. See Investments measurement, 216 retirement, 68 reduced, 201, 203, 409 sharing, 281 Social Security, 65, 71, 86, 274 tax. See Taxation see also, Wages India, aid for, 120 Indianapolis Star; foreign aid, 383 Individualism literature of, 9, 248, 251 mass action and, 418 philosophy of, 172, 326 revolution and, 227 self-help and, 259 see also, Liberty Industrial Revolution, 158 Industry experiment in, 316 incentive for, 222 revolution in, 158 steel, 18 water, 265 Inflation credit and, 200 paradox, 428 policies, 72, 116 retirement and, 68 risk, 124, 188, 191 Internal Revenue Code of 1954, 211 International Ladies Garment Workers Union, 336 International Wheat Agreement, 143 Interventionism. See Government Investments bonds and, 428 curtailed, 200, 409 government, 124, 188, 428 retirement, 68 steel, 18 Iowa State Penitentiary, 93 J Jacobson, Victor, 293 Jay, John, 370 Judgment, subjective, 293 K Kettering, Charles F., 316 Keynes, John M., 200 Kirk, Russell, 214n L Labor commodity, 150 housing and, 272 Industrial Revolution, 158 laws, 151, 335 Magna Charta of, 150 management, 171 Marxian views on, 350 Puerto Rican, 335 unions, 336, 367 wages. See Wages Law constitutional, 56, 326 economic, 38 labor, 151, 335 moral, 83, 86, 389, 396, 405 polarity, 61 Social Security, 65, 71, 86, 274 Leadership, world, 134 League of Nations, 376 Lending effects of, 188 foreign, 103, 109 inflation and, 428 weakness in, 109,383 [445 ] Libertarianism, 9, 76; see also, Free market Liberty American, 227 decline of, 55 literature of, 9, 248, 251 preserved, 326 self-improvement and, 277 see also, Free market Literature of liberty, 9, 248, 251 Longfellow, H. W., 62 Lubricating oil, 316 M MacArthur, .Douglas; tax risk, 124 Magna Charta of labor, 150 Mahaffy, Francis E.; Social Security 86 ' Mallet, David, 62 Management, 171; see also, Govern ment Manion, Clarence E.; Social Security,65 Mansfield, Mike, 113 Marshall Plan, 116 Marx, Karl, mistakes of, 340 Mass action, 418 Materialistic science, 437 Medicine socialized, 296 Military training, 373 Millikan, Robert A., 61 Mises, Ludwig India, aid to, 121 Industrial Revolution, 158 Mommsen, Theodore, 405 Money deflation, 216; see also, Inflation depreciation, 202 history of, 428 source of, 386 see also, Income Monopoly, 183 Monserrat, Joseph, 336 Montaigne, Michel, 269 Morality decay of, 405 economics and, 396 legal, 83, 389 Social Security and, 86 Moreell, Ben bread and circuses, 402 management, duty of, 171 water resources, 262 Motivation, profit, 281 N National Health Service, British, 296 Nationalism British medicine and, 296 economic, 127 education and, 245 Marxian views of, 348 see also, Government o Opitz, Edmund A.

books, use of, 251 free market views, 76 peace and world· government, 369 Oppenheimer, Franz, 28 Orton, W. A., 377 Our Nation' s Water Resources Policies and Politics. By B. Moreell. Reviewed by J. Chamberlain, 263 Ovid,62 Ownership government, effects on, 188 housing, 272 limited, 203; see also~ Taxation payment for, 14 privacy and, 390 p Peace and world government, 369 Philosophy individualism and, 172, 326 libertarian, 9, 76 Marxian, 340 prison, 93 Pick, Franz, 201 Poirot, Paul L. Social Security, 87n sugar trade, 352 Polarity law, 61 Political power, 304, 409; see also, Government Ponzi, Charles, 65 Population, changing,· 68 Price supports. See Subsidies Prices free market, 18,319 medical, 296 ownership and, 14 steel, 18 sugar, 352 wheat, 142 Prison philosophy, 93 Production economic law and, 38 Industrial Revolution and, 158 labor, 150,335 Marxian view of, 348 motive for, 281 [446 ] Production-( Continued) steel prices and, 18 sugar, 352 taxed, 319; see also, Taxation wheat, 142 Profit motive, 281 :property. See Ownership Protectionism, 35 Public power projects, 262 Puerto Rican labor, 335 Purchasing power, 202 R Read, Leonard E.

self-improvement, 277 socialism vs. liberty, 55 specialization, 172 Reading prison, 94 value in, 248, 251 Recreation, 402 Reinach, Anthony M.; economic law, 38 Religious education, 47 Research, industrial, 316 Resources, water, 262 Responsibility of management, 171 Retirement,· 68 Revolution human behavior and, 424 Industrial, 158 Marxian views of, 349 purpose of, 379 real, 227 Welfare States and, 127 world government, 369 Risk, 124, 188, 191, 428 Rome, destruction of, 402 Rothbard, Murray N.; government in business, 183 Rucker, Allen W.; retirement poli cies,68 Russell, Bob, 98 Russia, 341 S Schuyler, George S.; education, 42 Security, Social. See Social Security Self-help, 259 Self-improvement, 251, 277, 419 Self-interest, 174,281 Sennholz, Hans F.; Welfare States at war, 127 Seven Years' War, 161n Shakespeare, William, 62 Shelly, Thomas J.; high school eco nomics,247 Smiles, Samuel; self-help, 259 Social Security clergymen's, 86 demerits of, 71 enforced, 65, 274 Socialism British, 296, 383 Marxian views of, 340, 344 movement toward, 55 slavery under, 156 taxation and, 203 see also, Government Society, judgment of, 98 Soldier's Guide, The; democracy defined, 239 Sovereignty, power of, 358 Specialization, 172 Spencer, Herbert, 53 Standard of living, 44, 281 Stealing, 386 Steel industry, 18 Subsidies education and, 42, 240 farm, 142,304 legal vs. illegal, 386 Roman, 402 sugar, 352 wheat, 142 Sugar trade, 352 Surplus farm, 304, 306 value theory, 350 T Tariff disputed, 137 outcome of, 32 sugar, 352 Task Force report, 188 Taxation British, 204 destruction by, 203 education supported by, 42, 240 graduated, 319 inflation and, 200 money, 223 power of, 328 risk of, 124 stealingand, 386 wage effects of, 216 Tenner, Pete, 98 Tennyson, Alfred, 62 Theory Constitutional, 56 cost-plus, 19 surplus value, 350 [447 ] Trade barriers, 32, 127, 137 basis of, 293 humanity of, 27 interference with, 38 motive for, 281 sugar, 352 unions, 336, 367 Venezuelan, 286 wages. See Wages wheat, 142 Training Manual, U. S.; democracy defined,239 Traxler, Arthur E., 52 Truman, Harry S., 110 Truth, source of, 278 U Unemployment. See Labor Unions, labor, 336, 367 United Nations, 376 United States Steel, 18 v Values, 293, 350 Venezuelan trade, 286 w Wages determining, 155 effects on, 216,367 fair, 398 legally fixed, 151, 335 Puerto Rican, 335 War. See Revolution Water resources, 262 Wealth. See Income Welfare State, 127, 269; see also, Government Wells, H. G., 47 Wheat and world trade, 142 Wolfe, Charles Hull foreign aid, 109 stealing, 386 World government, 369 [448 ]