Index

employment, 148, 165n Croker, John, 192 Curtiss, W. M. jobs require capital, 297 D Dandelions, 312 DeArmond, Fred businessman's morals, 247 Debtors' relief, 197 Declaration of Independence, 49, 275, 311 Dutch Republic, 302 Dykes, E. W. war, causes, 25 E Economics calculation, 316 freedom, 9, 282, 412 growth in, 125, 127 human enterprises, 402 play store, 218 radicalism in, 300 role of, 116 system, 337 Education, 400, 410, 431 Electric companies, 420 Elizabeth, Queen, 193 Elsom, Harold D. basis of liberty, 260 Employment, 148, 154, 162, 189, 297 England, 43, 182, 184, 303 Ethics, 402, 407 Exchange, freedom in, 162, 322 F Ferguson, Adam, 307 Fetter, Frank W., 190n, 191n, 192n, 193n Fielding, Henry, 189 Finniss Creek, 257 France, 305, 325 Free Market. See Market economy 443 444 Freedom basis, 260 economic, 9, 282, 412 exchange, 162, 322 individual, 15, 396 limited, 61 moral, 11, 386 noneconomic, 16 secrecy, 431 struggle, 299 Freud, Sigmund, 387 Friedman, Milton, 18 Furniss, Edgar S., 187n, 189 G Gambling, 85, 330 Garrett, Garet laissez faire, 299 Ghost towns, 369 Government acceptance, 417 aggression, 364 authority, 29, 352 business, 41,·247, 420 capitalism, 162, 306 cartels, 286 charity, 241, 251 church and, 404 combating, 178 communism, 83, 319, 354 controls, 62, 132 dangerous, 53 deficit, 220 Dutch, 302 economic growth, 125, 127 employment, 154 English, 43, 182, 183, 303 evils, 83 failures, 173 French, 305, 325 functions, 110, 422 grants-in-aid, 89 history, 112 income, 205 individualism and, 35 inflation, 71, 158, 186, 198 intervention, 19, 68, 122, 163 land banks, 199 limited, 305 market economy and, 145 monopoly, 210, 284, 296, 423 nationalization, 191 nature of, 102 paper money, 200 prices, 215, 218, 326 purpose, 53 regulations, 182 relief, 79 religion in, 50 role, 282 Russian, 227, 319, 387 socialistic. See Socialism INDEX Government (continued) spending, 141, 191 subsidies, 174, 184, 332, 334 taxation, 92, 213, 358 unemployment, 151, 162 unlimited, 396 urban renewal program, 330, 369 wars, 25, 135, 364 welfare state, 83, 178, 360, 415 H Harper, F. A.

population and prosperity, 378 Heckscher, Eli F., 187n Heiple, Rae C., II government relief, 79 Hoff, Trygve J. R, 321n Holland, prosperity in, 302 Hollis, Christopher, 251 Hoover, Herbert, 134, 391 Housing subsidized, 334 Howell, Craig aggression, 364 Human action, 15, 337, 351, 417 Human resources, 59, 322, 402 I Idleness, 152, 190 Incomes, 149, 205 Individualism freedom in, 15, 396 government and, 35 rights, 41, 45, 103 social justice and, 239 society of, 307, 355 way of life, 305 Industrialization, 162, 205 Inflation, 71, 178, 186, 198 Interdependence, 312 Investments, 69, 117, 297 J James I, 194 Jefferson, Thomas, 404 Jones, E. Stanley, 250 Justice, social, 239 Juvenile delinquents, 3?4 K Kakistocracy, 83 Keynes, John Maynard, 187n Keynesian policy, 182, 186, 187n Khrushchev, Nikita, 227 Knavery, 83 L Labor capital required, 297 employment, 148, 154, 162, 189, 297 INDEX 445 Labor (continued) exploitation, 180 law, 193 unemployment, 151, 162 union doctrine, 122 value and, 13, 316 wages, 193, 309 Laissez faire, 299 Land banks, 199 Laws antitrust, 295 division in, 46 English, 47, 182 equality before, 359 influenced, 185n justified, 45, 246 labor, 193 Libertarianism, 29, 400 Liberty, 53, 260; see also Freedom Lost causes, 97 Lottery, 330 Lowell, James Russell, 83 M Mahaffy, Francis E.

social justice, 239 Manion, Clarence law interpretation, 45 Margenau, IIenry search for truth, 280 Market economy basis, 386 calculation, 316 capital in, 201 competition, 41, 215, 284 computers, economic freedom in, 9, 283, 316 effects on, 145 failures,· ·169 government and, 145 postponement, 417 prices, 218 profits and losses, 204, 206 trade,· 41, 186 see also Individualism Marx, Karl, 387 Massachusetts, mercantilism, 195 Mercantilism, 129, 182 Mises, Ludwig von economic calculation, 321n economic role of saving and capi tal goods, 116 employment, 167n Money, 69, 189, 200 Monopoly, 210, 284, 296, 423 Montesquieu, Charles, 305 Moor, Arthur P. picking dandelions, 312 Morality, 11, 33, 247, 386; see also Religion N Nationalization, 191 Natural resources, 58, 350 Navigation Acts, 183 New Deal, 133 "New Frontier" psychology, 138 New Hampshire, gambling, 86 New York, gambling, 90 Nock, Albert Jay, 27 Norris, George,218 Norton, Charles Eliot, 83n o Opitz, Edmund A.

lure of a lost cause, 97 painting government into a corner, 396 Orwell, George, 397 p Paton, W. A. beetle and the centipede, 143 Persuasiveness, 32 Petit, Thomas L., 251 Petyt, William, 188 Poirot, Paul L. government in business, 420 greatest waste, 58 unemployment, 162 world's largest lottery, 330 Poland, 322n Population, 378 Potter, William, 187 Poverty, 309; see also Charity Price fixing, 215, 218, 326 Private enterprise, 169; see also Market economy Production automated, 66 factors, 118, 120, 355 limits, 380 profits, 206 purpose, 186n Profits and losses, 204, 206 Prohibitions, 29 Property, 257, 420 Prosperity, 378 Public relief, 79 Purchasing power, 69 Puritanism, 303 R Radicalism, 299 Rand, Ayn nature of government, 102 Rayburn, Sam, 421 Read, Leonard E. combating statism, 178 446 Read, Leonard E. (continued) kakistocracy, 83 keep freedom a secret, 431 market computer, 316 postal services, 333n prohibitions, 29 Religion business views, 247, 249 Calvinistic, 303 church and state, 404 England and, 303 freedom and, 11, 386 government in, SO lost causes, 97 morality and, 33, 260, 386, 403 Puritan, 303 radicalism in, 299 social justice, 239 Right and wrong, 41, 45 Robinson, William, 192 Rogge, Benjamin A.

economic freedom, 9, 282 profits, 204 Rothbard, Murray N. mercantilism, 182 Rural Electrification Administra tion, 421 Russell, Dean controls, 63 economic growth, 125 play store economics, 218, 322n Russia, 227, 319, 387 s INDEX Sparks, John C. automation, 66 ghost towns, 369 Special interests, 185n Subsidy, 174, 184, 332, 334 Sumner, William Graham, 28, 244 T Tawney, R. H., 300 Taxation, 92, 213, 358 Temple, William, 190 Tennessee Valley Authority, 218 Trade, 41, 186 Transportation, 330 Truth, SO, 280 Tyranny, 396 u Unemployment, 151, 162 Urban Mass Transportation Act of 1963, 330 Urban Renewal Program, 369 v Values, 13, 316 Viner, Jacob, 185n, 187n Voluntary society, 355, 403; see also Market economy w Savings, 69, 116, 297 Schrotter, F. W. von, 187 Self·improvement, 417, 431 Semantics, 46 Shister, J., 150 Sismondi, Jean Charles, 308 Smith, Adam, 182, ·184, 185, 289, 296, 306 Smith, Bradford B.

unique economic system, 337 Social justice, 239 Social relationships, 350 Socialism advocates of, 178 economic calculation, 321 laissez faire attacked by, 308 libertarianism and, 29 prices, 225 programs, 330, 354 South Africa, 21 Southey, Robert, 191 Wages, 193, 309 Wakar, Aleksy, 322n Wall Street Journal, The riding a rocking horse, 215 Wars aggressive, 364 causes, 25 economic growth and, 135 Waste, natural and human, 58 "Vealth, 308; see also Capital 'Welfare state, 83, 178, 360, 415 Wriston, "Valter B. attracting capital, 201 y Yankus, Stanley apples of Finniss Creek, 257 z Zielinski, Janusz, 322n