A
agriculture, 6, 22, 33, 43, 75, 152
airlines, 154–56
Alm, Richard, 184
American Socialist Party, 28
Andrews, Matthew Page, 18
Aral Sea, 114
Argentina, 8
Austrian School, 163
Ayittey, George, 10
B
Baikal, Lake, 115
Baltimore, 150–51
bank, 11, 67, 75, 79, 134, 161–62, 164
First National, 160
Second National, 160
Black Book of Communism, The, 59
Bradford, William, 19
British National Health Service, 100–2
Brooke, James, 99
Brown, George T., 151
Brown, Jerry, 47
Bruce, Philip A., 18
budget, 44, 49–50, 98, 173, 176
bureaucracy, 87, 135, 174, 176
Bureaucratic Rule of Two, 44
bureaucrats, 27, 35, 40, 45–49, 55, 63, 86, 148, 160, 176–77
business, 4–5, 11, 24, 34, 39, 44–47, 70–71, 76, 108, 110–11, 126, 135, 140, 147, 149, 164, 166, 168–69, 172–73, 175, 178, 181, 187, 189–90
private, 44, 47, 50, 66, 70, 172
Bylund, Per, 80
C
CAB. See Civil Aeronautics Board (CAB)
Calhoun, John C., 126–27
capitalism, 1, 10, 12, 19, 28, 31, 34, 38, 40, 43–44, 57, 63, 66–69, 71, 73, 108, 125, 148, 159, 165, 167, 169, 179–80, 182–86, 191–92
capitalists, 38–39, 56, 124, 139, 152, 160, 179, 188–90
Caspian Sea, 114
China, 11–12, 16, 23, 37, 59, 62, 115–16
Chodorov, Frank, 127–28, 130–32, 136
Civil Aeronautics Board (CAB), 154–55
Communism, communist, 43, 55, 59–60, 62, 67, 71, 74, 123, 173
Communist Manifesto, The, 68–69, 74–75, 90, 123, 127, 129, 159–60, 177
competition, 6, 34, 48, 50, 102, 142–44, 149–51, 153, 155–57, 174, 177–79, 181, 189–91
fair, 152
Congress, 143–44, 148, 168, 189
Congressional Budget Office, 89
Conservative People’s Party, 83
consumers, 25–27, 34, 40, 46, 95, 120, 149, 155–56, 159–60, 163, 165–68, 174, 180, 182, 190
corporations, 36, 110, 134, 139, 143–44, 148, 151, 153, 156, 166–68, 174, 188
Cox, Michael, 183–184
credit, 75, 79, 159–60, 166–67
currency, 79, 104, 161–63, 167
czars, 55
Czechoslovakia, 7, 112, 117–18
D
Dale, Sir Thomas, 18
Democracy in America, 86
Democratic Socialists of America, 137–38, 142, 180–81
Demsetz, Harold, 150
Denmark, 82
E
economics, 23, 44, 65, 95, 154, 164, 168, 173
economists, 7, 16, 44, 88, 90, 108–9, 124, 135, 139, 154, 163–65, 183–84
economy, 6, 8–9, 11–12, 20, 23, 26–27, 32–35, 39–40, 43–45, 55, 63, 70, 75, 77–80, 88, 107–8, 110, 121, 124, 129, 139, 147–48, 160, 162–65, 180–82, 189
education, 2, 39, 53, 74–75, 80–81, 103, 124–25, 141, 144, 174, 177–78
employment, 33, 36, 49, 126, 140, 143, 145
Engels, Friedrich, 69, 90, 159
enterprise, 10–11, 32, 34, 44–45, 47–49, 67, 70, 79, 118, 123, 150, 173–76, 180
equality, 4–5, 12–13, 31–32, 36, 41, 68, 124, 178
Europe, 4–5, 57, 59, 77, 94–95, 102, 117, 125
F
Facial Justice, 41
factories, 4, 113–15, 144, 147, 177, 185–86
abolition of the, 90
two-parent, 91
fascism, 13, 60, 65–74, 78, 147, 166
Federal Reserve Board, 148, 160. See also Fed, the
Federal Trade Commission, 156, 167
Feldman, G. A., 9
Feldman-Mahalanobis model, 9
Flint, 121
Fulton, Robert, 187–88
G
Gallaway, Lowell, 90
Gas Light Company of Baltimore, The, 151
GDP, 78–79
Gibbons v. Ogden, 187
government, 2–6, 8, 12, 18, 26–28, 32, 34–37, 39, 47, 49–50, 55, 57–60, 62–63, 66, 68–71, 75, 78–80, 86–87, 89, 96, 98–99, 101–3, 108, 110–12, 115, 118–21, 125–32, 135–36, 139, 149, 153–54, 159–60, 162, 164, 167–69, 171, 176, 178, 180–81, 187–89, 192
employees, 46, 48, 50, 78, 126
enterprise, 44–45, 48–49, 118, 174
monopolies, 3–4, 7, 13, 39, 93–94, 105, 129, 150, 152, 155
planning, 25, 27, 53–54, 56, 63, 70–71, 134
programs, 3, 33, 41, 55, 86, 90, 134, 144
regulation, 11, 48, 63, 71, 147, 151
Gray, Horace M., 152
Great Northern, The, 188
Great Recession, 49, 148, 163, 165
Greenpeace Mexico, 120
Gulf of Mexico, 120
H
Hansen, Per Henrik, 82
“Harrison Bergeron,” 41
Hartley, L. P., 41
Hayek, Friedrich, 5, 7, 23, 26, 54–58, 61, 66–67, 74–75, 99, 102, 105
healthcare, 2–4, 47, 93–96, 98–100
single-payer, 98
socialized, 81, 99, 101, 103, 130
Higgs, Robert, 153
Hill, James J., 188–89
Hillier, Laura, 97
Hitler, Adolf, 56, 65, 73, 131, 133–34
Hobson, John A., 191
Hong Kong, 11
Horwitz, Morton J., 109
hospital, 2, 94, 96–100, 103–4, 113
human capital, development of, 124
I
illusion, fiscal, 164
inflation, 5–6, 8, 161, 175, 183, 185
interest rates, 10, 79, 163, 168
Interstate Commerce Commission (ICC), 156
“Iron Law of Oligarchy,” 35
IRS, 125–26
J
Jamestown, 16–19
K
Katowice, 116
knowledge, division of, 25
Kolko, Gabriel, 156
Krugman, Paul, 139
L
labor, division of, 25
labor theory of value, 138
Lapin, Rabbi Daniel, 32
Lastrapes, William, 165
Lensch, Paul, 72
liberalism, classical, 65, 68–69, 71
Losing Ground, 88
M
Mahalanobis, Chandra, 9
malinvestment, 163
Maracaibo, Lake, 119
market, 8, 13, 26–27, 32–33, 35, 39–40, 43, 46, 80, 102, 138–39, 142, 145, 148, 159–60, 163, 166–69, 173, 180, 183, 189, 191
free, 7, 20, 25–26, 32, 44, 48, 65–66, 70, 77, 82, 90, 100, 126, 141, 148, 150–51, 153, 160, 162, 167–69, 177, 179–81, 188, 191–92
Marx, Karl, 36–38, 69, 90, 123, 125, 128, 182
Marxism, 2
middle class, 67, 125, 129, 134
monopolies, 3, 39, 93, 105, 129, 131, 150–53, 155, 159, 173–74, 178, 187, 190
Motor Carrier Act, 156
Murray, Charles, 87–88
Mussolini, Benito, 65–69, 71, 73, 75, 131
N
National Currency Act, 162
National Recovery Act, 152–53. See also NRA
National Socialist German Workers Party (Nazi), 73
Nobel, Alfred, 78
NRA, 152–54
O
“Official 25-Point Program of the Nazi Party, The,” 73
oil, 33, 113–14, 119–20, 152–53, 189
Olasky, Marvin, 86
“one percent,” 57
Osterfeld, David, 22
P
Pao-Cachinche dam, 119
PDVSA, 119
Pemex, 120
Perón, Juan, 8
Petrov, Vladimir, 62
Pew Foundation, 2
philanthropy, 86–87
Pigou, Arthur C., 107–8
pilgrims, 16–20
Pitigliani, Fausto, 70
political business cycles, 164
politicians, 46–47, 50, 69, 78, 92, 95, 102, 105, 135, 144, 164, 177
pollution, 13, 107–10, 113–18, 120
poverty, 5, 7, 9, 12, 16, 26, 31, 45, 63, 88–92, 125, 145
price, 26–27, 33, 44, 46–47, 94, 141–43, 152–56, 174, 178, 181, 183, 188–91
ceiling, 96
private sector, 44–46, 48–49, 102, 172
profit, 17–18, 28, 34, 44–45, 47, 49, 67, 107, 110, 112, 139, 149, 151, 153–54, 160–61, 165–66, 176, 179–82
progressivism, 147
property, 2, 8, 11, 16–20, 43, 45, 68, 70, 75, 85, 109–13, 119–20, 123, 127–28
R
regulation, 5, 10–11, 36, 48, 63, 71, 75, 85, 98, 147–49, 151, 154–56, 162, 167, 169, 176, 183
Road to Serfdom, The, 4, 54, 66, 69
robber barons, 187
Rockefeller, John D., 181, 189–90
Roosevelt, Franklin D., 152–54
Rothbard, Murray, 21, 42, 48, 177
Rottenberg, Simon, 143
Rummel, R. J., 60–62
Russia, 6, 22, 31, 43, 55–56, 60–61, 65, 67, 73, 103, 112–15
S
Salvemini, Gaetano, 71
school, 9, 13, 35, 44–45, 63, 74, 80, 134, 164, 175, 177–78, 188
private, 45, 48, 173, 175, 178
public, 1–2, 75, 141, 149, 173–76
Selgin, George, 165
Smith, Adam, 25, 70, 72, 111, 164
socialism, 1, 3–13, 15–17, 19–23, 25–28, 36, 38, 40, 43–44, 53–56, 58, 60, 63, 65–72, 75, 77, 80, 83, 92, 95, 97, 99–101, 103–4, 108, 111–13, 117–18, 121, 123, 125, 128, 133–34, 147–48, 180–81, 183, 192
Socialism: An Economic and Sociological Analysis, 5, 27
socialist, 2–3, 5, 7, 9, 21–22, 26–27, 31–32, 34–35, 37–38, 40, 55–58, 62, 66–67, 69–70, 74, 76, 81, 85, 90, 110, 123–24, 128–30, 134, 137–38, 142, 148–49, 157, 160, 166, 179–80, 184–87, 190–91
national, 60, 66, 73, 133, 192
Socialist Party USA, 137, 142, 180
Soviet Union, 4, 6–7, 9, 12, 16, 23, 43, 60, 62, 65, 102, 104–5, 112, 125
Standard Oil Company, 189–91
“survivor principle,” 44
T
tax, 2–3, 5, 7, 9, 11, 18, 36, 45–6, 48–9, 77–9, 82, 85, 89, 94, 101, 107–8, 123–29, 134–36, 139, 162, 164, 171, 173–74
Pigouvian, 108
progressive income, 5, 13, 36, 123–29, 131, 134–36
taxpayers, 45–50, 71, 82, 91, 93, 98, 101, 126, 129, 134, 169, 172, 176
Thatcher, Margaret, 7–8
Three Years of World Revolution, 72
Tocqueville, Alexis de, 86
trade, 8, 33–4, 152, 154, 162, 187, 191
free, 191–92
Trotsky, Leon, 38
Tse Tung, Mao, 22
U
Under the Axe of Fascism, 71
unemployment, 6, 80, 139–41, 144–45, 154
unions, 10, 49–50, 142–45, 149
U.S. Bureau of Labor Statistics, 48, 141
utilities, 44, 48, 149–50, 157
V
Valencia Lake, 119
Vancouver, 99–100
Vanderbilt, Cornelius, 187–88
Vedder, Richard, 90
Venezuela, 119
Venstre Party, 82–3
Virginia Company, 17–8
von Mises, Ludwig, 5, 28, 32, 38, 68, 85, 132, 180–81, 183
Vonnegut, Kurt, Jr., 41
W
wages, 8, 10, 35, 48, 107, 124–25, 138, 140, 143–44, 182–83, 186–87
living, 137–38
war, 12, 32, 59–60, 73, 76–8, 88, 91, 164, 191–92
Wealth and Welfare, 107
welfare, 2, 5, 7, 13, 36, 45, 74, 78–82, 85–92, 124–26, 135, 144–45, 155, 182
Wells, Robin, 139
White, Lawrence H., 165
Z
zero-sum game, 139