income inequality, 1–4, 9–10, 17–20
Index of Economic Freedom, 257
India, 252
individualism, 77–79, 80
Industrial Commission, 205
Industrial Revolution, 137–141, 258
inequality
economic, 9–12
income, 1–4, 9–10, 17–20
inflation, 169–173
Institute for Faith, Work & Economics, 78
Intercollegiate Socialist Society, 130
Internet, 85, 204, 240, 242
Investor’s Business Daily, 11–12
Irvine, William B., 88–89
J
James I (king of England), 117
Japan, 182, 252
Japan Times Online, 246
J.C. Penney, 103–104, 106
Jefferson, Thomas, 40, 41, 42, 265
Jesus Christ, 19, 215–220
Johnson, Lyndon, 85
Joint Economic Committee of Congress, 10–11
Jones, Wendall, 90
Journal of Law and Economics, 207
Journal of Political Economy, 147–148
Jungle, The, 129–136
K
K Street, 85
Kennedy, Joseph, 155
Kerensky, Alexander, 17
Kern Family Foundation, 116
Keynes, John Maynard, 171, 259
King Coal, 133
Kinsella, Stephan, 243
Kolko, Gabriel, 132–133, 206, 209
Krugman, Paul, 127
L
labor unions, 143–145, 160
Law, The, xiii
legal positivism, 42
Leggett, William, 265
Leith-Ross, Frederick, 172
Lenin, Vladimir, 17
Lewis, Sinclair, 134
Liberty, 135
Lincoln, Abraham, 93
London, Jack, 131
London School of Economics, 253
Louis XIV (king of France), 254
Loyola University, 148
M
Mackinac.org, 140
Magna Carta, 115–116, 118
Mainspring of Human Progress, The, xiii
Malthus, Thomas Robert, 254
Mao Zedong, 17, 18, 93
Marshall Plan, 85
Marx, Karl, 48, 80, 201, 241–242, 264, 265
Marxist theory, 236, 261, 262, 264, 265
matter, destruction of, 61–62
McGee, John S., 207–209
Meat Inspection Act of 1906, 129, 133, 136
Medicare, 59, 228, 229, 230, 231
Mellon, Andrew, 117
Merchiston Castle School, 259
Merriman, Frank, 134
Milton, John, 117
minimum wage, 185–190, 197, 240
Mises, Ludwig von, 72, 73, 74, 138–139, 140, 169
Mises.org, 148
Money Writes!, 134
Moneychangers, The, 134
Mongolia, 67
monopoly
coercive, 52–53, 204, 213, 242–243
efficiency, 53, 204, 206, 211, 242
Montesquieu, Charles de, 257
Mother Teresa, 80
Motherboard, 241
Mugabe, Robert, 171
Myrdal, Gunnar, 253
MySpace, 85
Myths of Antitrust, The, 54
N
Napoleon, 171
National Archives, 115
National Association of Manufacturers, 183
National Basketball Association, 246
National Football League, 246
National Gallery of Art, 117
National Hockey League, 246
National Industrial Recovery Act (NIRA), 158
National Journalism Center, 85
National Labor Relations Act (Wagner Act), 154, 159–160
National Labor Relations Board, 160
National Recovery Administration (NRA), 158, 159
natural disasters, 111–114, 267–271
Nature Conservancy, 63
NBC News, 240
Nehru, Jawaharlal, 93
Neill-Reynolds Report, 132–133
New Deal, 83, 84, 85, 148, 154, 157, 158, 159, 162, 181–184
revival of, 182–183
New Deal or Raw Deal, 147, 182
New Republic, 84
New York Times, 18, 51, 228, 230, 243, 247, 251
New York University, 11
Nobel Prize, 31, 246, 253
North Korea, 164, 236, 252
Novy Mir, 234
Nurkse, Ranger, 253
NYA, 182
O
Obama, Barack, 79, 175, 185, 186, 228, 275
Obamacare, 60, 186, 275
Ohanian, Lee E., 147–148
Oil!, 133
Olasky, Marvin, 87, 88, 112
Olson, Ryan, 116–117
Orwell, George, 245
Outlines of the Critique of Political Economy, 241
outsourcing, 175–179
Ovechkin, Alexander, 18
ownership, 65–69
common, 65, 67, 69
private, 68–69
sharing and, 65–69
Oxford English Dictionary, The, 87–88
Oxford University, 116
P
Panic of 1893, 242
patents, 239, 243
Perot, Ross, 116
Perry, Katy, 18
philanthropists, 43–46
Pianka, Eric R., 252
population, 251–255
Population Bomb, The, 253
positivist view, 41–42
poverty, 197–201, 253
absolute, relative poverty versus, 3
compassion and, 88, 90
free market and, 25–27
minimum wage and, 185–190, 197
redistribution and, 215–220
sweatshops, child labor and, 93–95
prices, 6, 267–271
cap on, 268–270, 271
gouging, 267, 268, 271
profit, 6, 62, 233–237
Profits of Religion, The, 133
progressivism, xi–xii
arts subsidized by government and, 163–167
attributes of thought process in, 275–276
balance of trade deficit and, 103–106
belief system of, core of, 18
broken-window fallacy and, 125–128
central notion of, xi
central planning and, 257–260
collectivism and, 77, 79–80
exploitation of working women and, 191–195
FDR’s election in 1932 and, 147–151
good intentions and, 273–277
government as inflation fighter and, 169–173
Hong Kong not a favorite topic of, 258
Jesus Christ and, 215–220
minimum wage promoted by, 185–190
nature of, xiii
outsourcing and, 175–179
ownership and, 65–69
population control and, 251–255
prices during natural disasters and, 267–271
profit as suspicious behavior and, 233–237
public education and, 221–225, 248
Robin Hood story and, 261–266
Rockefeller’s Standard Oil Company a target of, 203–213
statist impulse and, 119–123
statistical disparities between races proves discrimination under, 245–249
unemployment a result of robots and computerization and, 239–244
Warren Buffett tax opinion piece and, 227–231
property
ownership of, 65–69
private, 6, 7–8, 254
rights to. See property rights
property rights
enforcing, 120–121, 123
in Hong Kong, 257
human rights versus, 35–37
public education, 221–225, 248
Pulitzer, 134
R
racial discrim
ination, 245–249
Raico, Ralph, 264
Read, Leonard E., 14, 32, 90, 99
Reagan National Airport, 247–248
Reconstruction Finance Corporation, 157
redistribution, 2, 9, 18, 20, 45, 65, 90, 121, 127, 200, 201
Jesus Christ and, 215–220
Reed, Lawrence W. (“Larry”), xii–xiii, 90
Reid, Harry, 24
Reighard, David P., 209
resources
conservation of, 6
government management of, 5–8
Rethink Robotics, 240
Revenue Act of 1932, 157
Revolutionary War, 172
Richard the Lionheart (king of England), 262
right(s), 39–42
duty created by, 40, 41–42, 57
healthcare and, 57–60
human. See human right(s)
positivist view of, 41–42
privilege versus, 39
progressive view of, 39, 41–42
property. See property rights
source of, 39
Road to Serfdom, The, xiii
Roberts, Russ, 177
Robin Hood story, 112, 220, 261–266
Robinson, Ron, xiii
robots, 239–244
Rockefeller, Edwin S., 54
Rockefeller, John D., 44, 203–213
Rodgers, Aaron, 18
Rogers, H. H., 206
Romney, Mitt, 175
Roosevelt, Franklin Delano, 153, 156
Great Depression extended by administration of, 147–151, 157–162, 181–184
Roosevelt, Theodore, 85, 130, 135
Rothbard, Murray, 154–155, 243
Rubenstein, David, 115, 116
S
Samuelson, Paul, 253
Saudi Arabia, 192
Say, Jean-Baptiste, 265
scarcity, 61–63
Schama, Simon, 262, 263–264
Schumpeter, Joseph, 243–244
Sears, Roebuck and Company, 184
security, freedom and, 47–49
self-interest, 22, 30, 44, 90, 91
Sennholz, Hans F, 154, 159–160
sharing, 65–69
Sherman Antitrust Act of 1890, 53
Shermer, Michael, 198
Shmelyov, Nikolaay, 234
Sinclair, Upton, 129–136
Singapore, 252
Singularity Hub, 241
Sirius, 52
Sloan, Alfred, 183
Smith, Adam, 105, 178, 204
Smoot-Hawley Tariff of 1930, 156
snowflakes, 77–78
Social Security, 228, 229, 230, 231
socialism, 17, 27, 66, 130–135, 149, 172, 253, 254, 255, 261
socialization of activity, 25–27
society
affluent, 107–109
free, income inequality and, 17
Socrates, 185, 186–189
Sotheby’s, 115
South Improvement Company, 210
South Korea, 252
Soviet Union, 17, 66, 234, 252
Sowell, Thomas, 22, 200, 218, 268
Spangler, Mark, 74
St. Andrews University, 259
St. Lawrence University, 193
Stalin, Joseph, 17, 66
Standard Oil Company, 44, 203–213
Standard Oil Trust, 21
Stanford University, 253
Star Wars (film), 130
State of the World Population Report for 2009, 251
statist impulse, 119–123
Steffens, Lincoln, 130
Sun Tzu, 276
Supreme Court, 53
NRA and AAA outlawed by, 159
Standard Oil Trust case and, 212
Sutherland, George, 35 sweatshops, 93–95
Swift, Taylor, 18
Syracuse University, 89
T
Taft, Robert, 183
Taiwan, 252
taxes, 108, 183–184, 222, 224, 257–258, 260, 263
Great Depression and, 149, 151, 157, 158, 160, 161, 162, 183
Warren Buffett opinion piece and, 227–231
Taylor, John, 265
Taylor, William Cooke, 137–138
Thierry, Augustin, 261, 265
Third World, child labor in, 94
Thomas, Norman, 149
Thompson, E. P., 137
Times of India, 267
trade deficit, 103–106
Tragedy of American Compassion, The, 87
tragedy of the commons, 7–8
Transportation Department, 85
Triumph of Conservatism, The, 206
Truman, Harry, 147, 182–183
Tsakhia, Elbegdorj, 67
Tugwell, Rexford Guy, 157
U
UCLA, 147
Civil Rights Project at, 247
UN State of the World’s Forests reports, 7
Uncle Tom’s Cabin, 131
unemployment, 11, 134, 156
caused by labor unions, 144, 145, 160
during Great Depression, 148, 155, 159, 181, 182–183, 184, 242
effect of robots and computerization on, 239–244
unions, 143–145, 160
United Nations Population Fund, 251
United States Constitution, 36, 39, 150
framers of, 37, 165
United States Postal Service, 53, 204
Universal Robotics, 240
University of California, Berkeley, 253
University of Texas at Austin, 78, 252
V
Venezuela, 171
W
Wadsworth, James, 133
Wagner Act (National Labor Relations Act), 154, 159–160
Wall Street Journal, 257, 258
Walmart, 236
War on Poverty, 88
Warburg, James P., 148–150, 151
Warburg, Paul, 148
Washington Examiner, 274
Washington Post, 18
Wason, Robert, 183
Weaver, Henry Grady, xiii
Webster, Noah, 88
West Germany, 252
White, Lawrence, 23
White, William Allen, 130
Who Really Cares, 89
Wicksteed, Philip, 99
Williams, Roger J., 78–79
Wolff, Edward, 11–12
Wood, Robert E., 184
Workforce, 241
Works Progress Administration, 159
World Bank, 258
World War II, 127, 158, 160, 161, 181–182, 184, 258
WPA, 182
Wright State University, 89
X
XM, 52
Y
Yahoo!, 85
yaks, 67
Yale University, 253
You Are Extra-Ordinary and Free and Unequal: The Biological Basis of Individual Liberty, 78–79
Young America’s Foundation (YAF), xii–xiii, 147
YouTube, 90
Z
Zimbabwe, 171
Zuckerberg, Mark, 85