Index

scientific free enterprise, 125 Common market, 229 Communication, 142, 170, 181 Communism principle, 28, 159, 180, 210, 374 see also, Socialism Competition challenged, 210 monopoly and role of govern ment, 61 prices, 296, 318 Confusion, tragic state of, 149 Constitution, U. S., 14, 25, 252 Consumption. See Production and consumption Cranston, Maurice, 288 Creativity, 87, 176, 412 D Declaration of Independence American, 12, 25 French, 13 Defoe, Daniel, 265 Demand elasticity, 300 Dingley Tariff, 309 Dobzhansky, T., 133 Drake, E. L., 97, 222 Draper, William H., Jr., 235 Dunlop, Robert G. oil's second century, 97, 222 Duryea brothers, 222 Dutch economic growth, 261 Dykes, E. W. prosperity, 182 E Economics Dutch example, 261 European disunity, 227 education, 78 freedom, 36, 52, 379 growth, 262, 268 power of, 50, 79 rights, 282 Russian, 180, 210, 374 Education, economic, 78 Egotist, 81 England, See Great Britain Erhard, Ludwig, 269 Ethics, 134, 171 European unity and free market, 227 Evans, Oliver, 221 Excellence, crusade against, 170 Exchange. See Trade F Featherbedding, 167 Fertig, Lawrence economic growth, 262, 268 Fiat Money Inflation in France, 382 First National City Bank Letter government's role, 79, 197 Hong Kong's success story, 243 Foreign aid, 27, 233, 237, 239 Foundation for Economic Education freedom promoted by, 142, 259 understanding freedom, 31, 432 Founding Fathers, 14, 217 Fox, P. M.

Welfare State doctrine, 211 France Declaration of Independence, 13 inflation, 382 445 446 INDEX Free market development, 217 European unity and, 227 free will and, 131 Honk Kong, 243 housing, 345 improvement, 437 labor, 354 meaning of, 76 monopoly and, 295 prices, 318 scientific, 125 supremacy of, 38 wages, 57 Free will, 131 Freedom belief in, 142, 259 challenge of, 97 confusion in, 149 costs of, 378 court case about, 410 economic, 36, 52, 379 four, 272 free will and, 131 human, 273 law and, 410 personal growth and, 31, 142 Pilgrims' experience, 18, 21, 26 religious foundation of, 10 understanding, 31, 259, 432 world government and, 250 Freeman, Roger A., 239 Freud, Sigmund, 132 G Gaitskell, Hugh, 390 Galbraith, John K., 199 Germany, 269, 308, 389 Gilson, Etienne, 136, 141 Government Canadian, 211 coercion, 33, 52, 202 collectivism, 94, 193 communistic, 28, 159, 180, 210, 374 Dutch, 261 English, 25, 269, 389 foreign aid, 26, 233, 237, 239 French, 13, 382 German, 269, 308, 389 growth, 433, 438 Hong Kong, 243 housing, 342 inflation, 184, 262, 268, 382 intervention, 112, 433, 438 mass agency of, 325 monetary system usurped, 382, 411 monopoly, 61, 295 nationalism in, 389 New Deal, 125 purpose, 229 religious foundations of, 10 restraint, 156 Government (continued) rights destroyed by, 59 role of, 61, 79, 106, 197 Russian, 180, 210, 374 silent partner, 217 Social Security, 291 socialistic. See Socialism subsidy, 93, 211, 233 tax. See Taxation Welfare State, 177, 200, 211 world, 250 Great Britain inflation, 269 nationalism in, 389 starvation, 25 H Hammarskjold, Dag, 269 Hazlitt, Henry, 383 Hegel, Georg W. F., 408 Herron, George D., 369 Holland, economic growth, 261 Holland, Josiah G.

day's demand, 9 Hong Kong, 243 Hooker, Richard, 153 Hoover, Calvin, 197 Housing, 342, 345 Human relations, 173 I India, prosperity, 183 Individualism American, observed by Tocqueville, 106, 345 colonial, 17 scientific progress by, 256 see also, Free market; Freedom Inflation controlled, 184 economic growth, 268 English, 269 French experience, 382 trade versus, 262 Integrity, flight from, 187 Investments, 186, 202, 204 JJ efferson, Thomas, 129 Johnson, Darryl W., Jr. world government, 250 Judeo-Christian belief, 135 Justice, 9, 135 K Kahn, J. Kesner shaping public opinion, 350 Kant, Immanuel, 404 Kirk, Russell, 153 L Labor Canadian payroll, 212 costs in housing, 342 employment, 57, 183 exchange, SO Lincoln's views, 289 INDEX 447 Labor (continued) market, 354 strikes, 363 supply and demand, 202 unions. See Unions, labor value theory, 91 wages, 57, 205, 354 Laissez faire, 130, 262 Law, John, 263 Law antitrust, 61, 295, 311 freedom under, 410 Leadership, 149 Liberty. See Freedom Lincoln, Abraham, 154, 288 Logic, 272 Lucas, Anthony F., 223 M Majority rule, 69 Manchester, Frederick A.

fQur freedoms, 272 Marxism, 28, 374 Mass man, 325 Materialism, 117, 136, 404 Methodology, 398, 402 Mill, John Stuart c033~mer theory of prosperity, freedom, 272 government destruction, 200 Mises, Ludwig economic foundations of free dom, 36 monopoly, 61 production, 195 Monetary system, 382, 411 Monopoly competition and role of government, 61 labor, 65 phantom, 295 tariff and, 309 Morality. See Religion Morley, Felix, 158, 279, 282, 286 Mullendore, William C. tragic state of confusion, 149 N Nationalization, 389 New Deal, 125 Noonan, Lawrence court case on money, 410 o Oil industry, 97, 113, 222 OIds, R. E., 223 Opitz, Edmund A. religious foundation of free so ciety, 10 socialtsm, 367 talking to ourselves, 142 Order, principle of, 153 Ownership, 23, 389 p Peace, 250 Peterson, William H. Dutch economic growth, 261 oil industry, 113 Petro, Sylvester competition, monopoly, and government, 61, 256 Petroleum industry, 97, 113, 222 Pieper, Josef, 135 Pilgrims, 18, 21, 26 Plato, 118, 399 Poirot, Paul L.

coercion, cost of, 202 interventionism, 112 power, two kinds of, 50 Social Security, 291 strikes, 363 Politics, integrity in, 190 Population, 183, 265 Positivists, 401 Power economic and coercive, 50, 79 see also, Government Prentice, E. Parmalee, 26 Prentice, Sartell, Jr. first Thanksgiving, 17 Prices competitive, 296, 318 determined, 203, 354 oil, 100 stability, 270 wages, production and, 354 Production and consumption challenged, 202 competition, 296 mass, 325 prosperity and, 183, 334 secret of, 194 supremacy of, 38 wages, prices and, 354 Progress, 149, 194, 256 Property, 23, 389 Prosperity, 149, 182, 334 Public opinion, 350 R Read, Leonard E. economics for the teachable, 78 freedom, understanding, 259, 432 improving the world, 437 integrity, flight from, 187 mass man, 325 Recreation, 93 Religion foundation of free society, 10 Judeo-Christian belief in, 135 materialism and, 117, 136, 404 morality and, 37, 165, 170, 400 Responsibility leadership, 149 moral, 117 parental, 94 removed, 167 448 INDEX Rights destroyed, 59 economic, 282 guaranteed, 12 human, 76 justice and, 9, 135 property, 23, 389 source of, 83 Rockefeller, Nelson, 270 Roepke, Wilhelm, 165 Roosevelt, Franklin D., 277, 288 Rukeyser, Merryle Stanley crusade against excellence, 170 Russell, Dean government as silent partner, 217 Russia, economics of, 37, 159, 180, 210, 374 S Savings, 186, 202, 204 Schlichting, Harold E., Jr.

free will, 131 Schmidt, Emerson P. government in housing business, 342 Schumpeter, Joseph P., 344 Science, 117, 125, 398 Self-reliance, 158 Sennholz, Hans F. monopoly, phantom of, 295 Sigwart, Christoph, 406 Slavery, 15, 161 Social Security, 291 Socialism argument for, 40, 434 Aristotle's view of, 369 back door to, 389 defined, 80 planning, 231 recreation and, 93 retreat from, 201 scientific, 125 sum and substance of, 367 Sorokin, Pitirim A., 151 Sparks, John C. recreational assistance, 93 Spending, 392; see also Taxation Stalin, Joseph, 28 Standard of living, 41, 356 Stanley, F. O. and F. E., 223 Stewart, Daniel K. scientific methods, 117, 398 Strikes, 363 Subjective theory of value, 90 Subsidy, 93, 211, 233 Supply and demand, 202 Surplus value theory, 374 T Tariff, 229, 309 Taxation effects, 307, 393 futile, 235 gasoline, 112 Jefferson's views, 129 Social Security, 291 Taylor, F. S., 131 Television quiz shows,· 170 Temple, William, 266 Thanksgiving, American, 17 Tocqueville, Alexis de, 106, 200, 345 Trade Dutch, 263 inflation versus, 262 government, 227 jewelry, 412 world, 202 Transportation, 223 Trine, Ralph Waldo, 194 Tripp, Vollie auction sale,318 Truth, 398 U Underdeveloped countries, 26, 247.

262 Unemployment unionism and, 57 see also, Labor Unions, labor economic power, 50 featherbedding,· 167 monopoly, 65 strikes, 363 unemployment and, 57 V Varga, Eugen S., 180 Virtue, 9, 135 Voegelin, Eric, 165 W Wages, 57, 205, 354 Wall Street Journal salesmen of sloth, 167 Wallis, W. Allen wages, productivity, and prices, 354 War, 250 Washington, George, 192 Washington Monument, 416 Welfare State, 177, 200, 211 Wells, H. G., 81, 368 White, Andrew Dickson, 263, 382, 384 Winder, George free enterprise and European unity, 227 Wood, Keith S. free enterprise, meaning of, 76 World government, 250