Index

A

Abilities, exchange of, 35-42

Animals, tools of mankind, 28

B

Bargaining, wage, 100

Benefits

fringe, 72-83

vacation, 91

Bonds, government, 22

Business cycles (and charts), 107-119

Buying power

loss of, 65

production and, 53

selling and, 95

theory, 112

C

Capital

General Motors, 14

Marxian view of, 25

unemployment and, 113

use of, 19-27

see also, Money

Choice-making

encouraged, 118

house building and, 117

leisure and, 88

spending and, 63-71

Clark, Colin, 86n

Clipped dollars, 51

Communism determining needs, 72

Consumption. See Production

Controls. See Government

Cooperation in labor exchange, 35-42

Costs

government, 22, 63-71

leisure time, 84-94

production, 63-71

D

de Jouvenel, Bertrand, 102

Demand, labor, 24, 103, 107-119

Depression wages, 5, 111

Dewhurst, J. Frederic, 34, 90

Dollars. See Money

Douglas, Paul H.

demand for labor, 103

wage rates, 108, 111

E

Earnings. See Income; Wage rates

Economic welfare

effects on, 95-106

sharing, 76

Employment. See Labor

Energy

output (table), 34

tools to harness, 28-34

Exchange

labor, 35-42, 95

lubricant for, 43-56

F

Food and sun’s energy, 28

Force

price, 98

unemployment created by, 89, 102, 109

see also, Government

Free market

pricing in (and chart), 95-106, 107

production in, 95

wages, 14, 19-27, 107-119

French Revolution, inflation during, 61

Fringe benefits, 72-83

G

General Motors profits, 14

Government

bonds, 22

communistic, 72

controls

danger of, 111

money, 52

costs of, 22, 63-71

force of, 98, 102, 109

self-control and, 70

socialistic, 72

Welfare State, 74, 81

I

Incomes

fringe benefits and, 72-83

government costs and, 22, 63-71

inflationary effects on, 53-62

shares of (chart), 110

wage rates

and, 14, 19-27, 108-109

Inflation

defined, 53n

French Revolution, results of, 61

money and, 53

production and, 5, 50

savings and, 49, 59

taxation and, 54

wages and, 49, 53-62

Inventions, 30, 45

Investments. See Savings

J

Jouvenel, Bertrand de, 102

K

Kendrick, John W., 15

L

Labor

demand for, 24, 103, 107-119

exchange of, 35-42, 95

fringe benefits of, 72-83

inflationary effects on, 49, 53-62

leisure related to, 84-94

pricing, 95-106, 107-119

profits, 14, 24, 113

services, 63

slave, 23

supply and demand for, 24, 103, 107-119

surplus

production and, 101

theories, 24, 113

unemployment, 89, 102, 109

unions, 9-13, 89

wages of. See Wage rates

“work year” of, 86

Leisure

better living and (chart), 90

free choice in, 88

labor unions and, 89

productivity and, 86

unwanted, 92

wage rates related to, 84-94

welfare and, 85

Liberty. See Free market

Lindeman, Raymond, 28n

M

Marx, Karl, surplus value theory of, 24, 113

Money

clipped dollars, 51

function of, 43-52

government control of, 52

inflation, 53

see also, Capital; Savings

Monopoly, wages affected by, 67

Motive power, 30

N

Needs, government determination of, 72

P

Pigou, A. C.

demand for labor, 103

wage rates, 108, 111

Plants, tools of mankind, 28

Prentice, E. Parmalee, 30n

Prices

depression, 5, 111

force and, 98

free market (and chart), 95-106, 107

labor, 95-106, 107-119

wages and, 99, 107, 111

Production

buying power of, 53

cost of, 63-71

inflation and, 5, 50

leisure and, 86

market, 95

miracle of, 28-34

specialized, 35-42

surplus, 101

tools of, 19-27

wages of, 14-18 (and chart), 20, 75

Profits

General Motors, 14

Marxian concept of, 24, 113

unemployment and, 113

Progress

contracting for, 53-62

fringe benefits defeat, 72-83

Prosperity threatened, 5

R

Read, Leonard E., 37n

Roadblocks, 6

S

Savings

inflation and, 49, 59

use of, 19-27

Self-control, 70

Selling. See Buying power

Slave labor, 23

Socialism determining needs, 72

Specialization, 35-42

Spending, choice in, 63-71

Sun’s energy, 28

Supply, labor, 24, 103, 107-119

Surplus

labor, 101

value theories, 24, 113

T

Taxation

double, 22

inflation as, 54

wages affected by, 69

Theories

buying power, 112

labor and surplus value, 24, 113

Tools

harnessing energy, 28-34

productive, 19-27

Trade. See Exchange

Tucker series (chart), 11

U

Unemployment. See Labor

Unions, labor, 9-13, 89

V

Vacation benefits, 91

Value

labor and surplus, 24, 113

see also, Choice-making

W

Wage rates

bargaining, 100

benefits to, 72-83

business cycles and, 107-119

contract for, 53-62

cost of government and, 63-71

demand of, 24, 103, 107

depression, 5, 111

division of, 14, 19-27, 109

exchange

abilities and, 35-42

lubricant for, 43-52

free market, 14, 19-27, 107-119

inflation and, 49, 53-62

labor

pricing, 95-106, 107-119

unions (and chart), 9-13, 89

leisure and, 84-94

monopoly and, 67

prices and. See Prices

production and, 14-18 (and chart), 20, 75

real and unreal (chart), 57

roadblocks to, 6

taxation and, 69

tools to harness energy, 28-34

trends (chart), 68

unemployment and (chart), 104

Welfare

inflation and, 50

leisure and, 85

States

growth of, 74

small, 81

White, Andrew Dickson inflationary views of, 61

Woytinski (W. S.) & Associates (chart), 11, 57