Index of Subjects

campesinos, 155 capital, 76 marginal productivity of, 79 markets, 78, 95 total base, 76 Catholic centrist party, 30 central government, 7 power, 7 churches, 3 class revolution, 152 classroom shortage, 65 collective goods, 99 wants, 88 134 . collective action, 6 259 balance-of-payments, 119 deficit, 113 balancing, 209 benefit-sharing, 24 separation of cost-bearing from, 39 big government unintended consequences of, absenteeism, 45 absentee landlords, 45 abundance, 10 academic freedom, 8 adminis tra tive commissions, 211 tyranny, 212 advertising, 59 f. agencies, 61 demand contrived by, 58 affluence, 56 The Affluent Society, 51, 56, 189 agrarian reform, 154, 156 f. agricultural policy, 29, 46 agriculture, 40 Alianza para el Progreso, 121, 178 allocation, 51 f. an tidemocra tic element in critics of individual competence, 20 art, 216 contemporary, 223 artist's citizenship, 216, 226 assistance programs, 138 authority aggrandizement of, 203 unauthorized growth of, 203 260 Index of Subjects growth of, 7 collectivistic movements, 178 collectivization, 44 Commodity Credit Corporation, 32 f.

Communist China, 42 competence, 20 competitive enterprise system, 122 complexity argumen t, 19 of social life, 16 compulsory cartels, 31 methods, cost of, 22 school laws, 21 Condon-Wadlin statute, 192 conservation literature, 89 Conservatives, 235 consumer, 55 demand, 13 purchasing power of, 58 consumer-oriented allocation of resources, 25 contraproducente consequences, 145 corporative state, 31 cost-bearing, 24 cost of substitution, 78 creativity of the artist in the United States· today, 222 creeping philistinism, 227 crop insurance, 38 culture is contrivance, 58 denationalization, 248 f. depressed areas, 8 discriminatory taxation, 234 diseconomies of small-scale operation, 94 distressed areas, 196 f. domestic procurement, 118 due process, 213 economic actitvity, decentralized organization of, 47 economic commands of the state, 212 growth, 24 monopoly, 132 progress, 13 economics academic discipline of, 47 of scale, 14, 93 economy mixed, 5, 131, 140 planned, 31 Edsel, 59 education, 64 higher, 46 Employment Act, 25 energy-bearing materials, 37 equality, 7 equal opportunities, 38 equilibrium, 53 escape clause, 122 etatism, 235 fI.

European Economic Community, 33 evidence of injury, 124 expropriation, 168 externalities, 94 £. farm decision-making on a, 43 enterprises, cooperative, 43 prices, 62 program, 63 farmers, 34 low-income, 62 fascism, 30 federal aid to the arts, 224 Federal Trade Commission, 201 f. function of, 204 flood-control protection, 99 foreign aid, 118 f., 177 in Bolivia, 145, 169, 173 program, 116, 136, 168 and trade, 119 foreign commerce of the United States, 107 -exchange control, 44 policy, 131 sector, 107 Foreign Operations Administration, 117 fossil fuels, 85 Fourteenth Amendment, 212 Fourth Amendment, 212 fringe protection, 121 f., 127 future generations, 73 future needs, 79 Index of Subjects Japanese textiles, 127 f. japan's agrarian refonn, 44 261 garment-industry unions, 198 general resource shortage, 80 sales tax, 58 will, 87, 90 General Services Administration, 112 government convenience of the, 213 expansion, proponents of, 186 monopoly corporations, 31 technology of, 15 governmental agencies, operational efficiency of, 27 con troIs, criten a of efficiency or success, 15 f.

decisions, 5 intervention, 97 Great Depression, 7 healtll service, 248 historical force, defined, 13 hydroelectric power, 37, 97 human needs, 190 imbalance, 52, 190 imperialistic enterprises, 159 Indian railway case, 118 individual action, 6 choice, 91 decisions, 73 failures, 22 incompetence of the, 18, 20 industry concept of, 124 domestic, 124 inequality, 5 f. inflation, 152 f., 155, 168 intellectual leadership, 48 intellectuals,28 interdependence, 17 interoccupational mobility, 68 interventionism, 195 kolkhozes, 40 f. kolkhoz statutes, 43 Korean War, 7 Labor Party, 237 labor's nationalization program, 233 labor unions, 17, 31 laissez-faire, 187 theory,190 landowner, 45 Landrum-Griffin Law, 192, 198 latifundismo, 154 Latin America, 44, 121, 178 agriculture in, 175 left-wing revolutions, 178 lobbying, 29 long-run consequences, 8 Madison Avenue, 57, 239 management elected by political pro cedures~ 44 marginal analysis, 5 market allocation process, 86 economy,48 imperfections, 94 process, 91 system, 73 Marxians, 52 Mason's Law, 202 f., 206, 227 medical care for the aged, 6 f., 189 medical research, 2 mercantilism, 10 middle class, 152 minifundismo, 154 Ministry of Mines, 164 Missouri River Basin Project, 77 monopolistic wage levels, 196 monopoly, 17, 35 Movimiento Nacionalista Revolu cionario, 146 fI., 150 fI., 166 national defense, 29 incom~, 53 262 Index of Subjects security, 109, 127 National Coal Board, 246 National Institutes of Health, 2 nationalization, 159, 233, 246 of agricultural land, 45 blueprint for, 254 nationalized industries, 244 f., 248 mines, 159, 166 tin mines, 160 National Socialists, 31 natural resources, 8, 39, 72, 74 base, 80 investment, 88 policy, 73 scarcity, 101 neighborhood effects, 95 neomercantilism, I neosocialist criticism of the private economy, 28 New York Times, 67 oil imports, 126 restriction program, 127 Papal Encyclical Quadragesimo Anno, 30 paternalistic decision-maker, 91 pension liability, 244 persuasion, 238 political allocation process, 86 arena, 93 processes, 91 technology, 15 political parties, 93 public financing of, 8 pork-barrel system, 98 poverty, 51, 243, 247 pragmatic, 5 pressure groups, 9 tactics of, 38 price-fixing, 24 compulsory cartel, 30 pricing, 249 private enterprise, 248 system, 26 private property in land, 40 private provision, 242 private sector, 1 of the economy, distortions in, 29 and imbalance between public sector, 51 trade-union stake in the, 193 private service, 2 private versus public sector in art, 221 problems of ignorance, 94 procurement policy, 112 productivity, 193 profit motive, 28, 74 profits, 194 progressive income taxes, 40 public controls, 18, 20, 246 education, 14 interest, 23 opinion, 47 provision, 242 -resource projects, 97 sanitation, 36 service, 2 public and private, division between, 2 public and private enterprise, differ ential performance of, 37 public enterprises, 36 decisive weaknesses of, 35 preference for, 28 public expenditures, 53, 233 on education, 64 expansion of, 241 growth of, 2 public sector, 1, 26, 34, 40, 47, 56, 131, 139, 205 definition of, 3 increase in as a side effect of legislation, 33 protagonists in the U.S. of the, 188 self-energizing character of the, 194 statistical image of the, 233 public squalor argument, 3 quota, 127 -peddling, 125 voluntary, 8 Index of Subjects 263 Realpolitik, 47 real wages, 193 redistribution of income, 90, 92, 97 relativism, 209 resource base, 82 depletion, 94 owners, 94 Resources for the Future, Inc., 80 Revolucion National~ 146, 175, 179 ritualistic liberalism, 57 roads, 54 role of the state in economic life, 12 rural communes, 42 Rural Electrification Administration, 36 scarcity, 51 f.

economic, 79 physical, 79 social action, 23 administration, 241 benefits, 90 costs, 95 justice, 38 rate of interest, 90 spending, 6 unmet needs, 8 Social Democrats, 30 socialism, 3, 9, 165 f., 188 social rate of time preference, 90 social security, 18, 31, 163 program, 7 social services, 233, 238 expert in, 240 society coercive, 30 noncoercive, 25 Soviet Russia, 4, 40, 43 Soviet Union's agricultural experiment, 44 production, 41 sovkhozes~ 40 f. state activity, 18 en terprises, 140 farms, 41 pensions, 244 remedies, 29 role of the, 185 state-supported theatres, 206 statism, 187 statistical misrepresentation, 2 statistics, 20 how to lie with, 4statutes of limitations, 205, 210 strikes by public employes, 193 subsidies, 62 sugar, 30 sugar-beet output, 78 sumptuary and political freedom, 59 surplus agricultural products, 115 food, 175 symbols, 220 symptoms, temporary relief of, 8 Taft-Hartley Act, 191 f.

tariff barriers, 121 policy, 109 reductions, 122 tariffs, 120 tastes, minority, 56 taxation, 26 teachers, 68 licensing of, 21 tests of need, 248 Texas Railway Commission, 97 Theory of Perpetual Poverty, 243, 248 theory of wants, 238 r Thomasville. Chair case, 201 tin interests, 158 trade regulation, 201, 203, 205 restrictions, 109 trade-union leaders, 186, 197 engaging in self-destructive proc ess, 190 trade-unions, 185 £f. and advanced welfare-state condi tions, 191 stake in the private sector, 193 264 Index of Subjects transportation, 54 triviali ties, 55 f. uncontrived demand, 58 underdeveloped world, 139 unemployment, 196 United States Constitution, 209 f. United States Tariff Commission, 121, 123 violence in labor disputes, 198 voter ignorance, 93 vulgarities, 56 waste-makers, 93 water resources, 78 watershed management, 85 wealth of nations, their control over economic life, 13 Weimar Republic, 30 welfare economists, 91 f.

policy, 243 welfare state, 185, 187 f., 238, 242, 247 West Germany, 25 worker control, 162