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76–77, 93, 95, 229, 254,
285, 286, 300
Corn Laws repealed, 35, 39
drugs available in, 206—7
educational system of, 154, 162—
63, 171, 173—74
equality
of
outcome in, 134,
144—45
free trade in, 52
gambling in, 141
gold standard abandoned by, 83
inflation in, 262, 263, 273, 275–
76
National Health Service of, 100,
113, 114
nineteenth-century free
market
system in, 3, 4, 35, 37, 39,
63–64, 144
press in, 69
reaction to big government in,
283, 289
results of welfare state in, 100,
101, 144—45
social legislation in, 98—99, 284
taxes in, 144, 289
textile industry in, 63—64
unions in, 144, 229, 232—33, 262
Great Depression, 4, 155
government spending after, 5,
70—71, 92—127, 284
monetary policy and, 5, 70, 79
90, 94, 249—50, 267
place of origin of, 86—88
tariffs and, 40
Greece, 229—30
Greenback party, 196
Gresham's Law, 251
Hacker, Ted, 199
Hamilton, Alexander, 35, 49, 50,
134, 187
Harlem Prep, 159—60, 170, 173
Haveman, Robert H., 217—18
Hayek, Friedrich, 6
Higher Education: Who Pays? Who
Benefits? Who Should Pay?
( Commission on Higher Ed-
ucation), 179–80
Hitler, Adolf, 52, 70
332
lndex
Hoffa, Jimmy, 242
Hong Kong, 34, 37, 40, 41, 50, 57,
60, 61
free trade in, 34, 37, 39
Hoover, Herbert, 83, 84, 90
Horowitz, Helen, 139–40
Housing
inflation and, 272
"middle-income," 111
public, 96, 100, 109, 110–12, 117
rental contracts for, 277
"rent supplements" for, 109
subsidies for, 109–12
urban renewal and, 96, 111–12
variable interest rates on mort-
gages for, 278
Hull House, 140
Hungary, 24, 255
Immigration, 35–36, 134, 150
Incentives,
economic, 121, 122,
127, 135, 138, 179
price system and, 18–20, 23, 24
India, 3, 54, 57, 106, 146, 148, 180,
286
since 1947, compared with Japan
after Meiji Restoration, 57–
64, 285
Indonesia, 57
Industrial revolution, 4, 147–48
Inflation, 17–18, 48, 68, 70, 77–78,
89, 100, 101, 144, 225, 288,
294
causes of, 251, 252–64, 281–82
Constitutional
amendment to
protect against, 308–9
cure for, 273–81, 282
case study of, 280–81
mitigating side effects of, 276–
80
side effects of, 273–76, 282
government revenue from, 267–
70
hyper-,
253, 255
reasons for excessive monetary
growth, 264–67
ti me delays in, 275–76, 280–82
Inheritance, 136, 144
Integration, 165–66
Interest rates, 266–67, 272
on U.S. Savings Bonds, 269
variable, 277–78
Internal
Revenue Service (IRS),
298
Interstate Commerce Commission,
53, 190, 193–203, 298–99
Israel, 56–57
Italy, 148, 254
Jackson, Henry, 68
Japan, 40, 41–43, 44, 50, 57, 70,
94, 145, 252, 293. See also
Yen
inflation in, 254, 262, 263, 273,
280–81, 282
nineteenth-century free
market
system in, 34, 37, 39, 286
compared with India's central
economic planning, 57–64,
285
Jefferson, Thomas, 2, 4, 5, 7, 129–
30, 131, 284
Johnson, Lyndon, 96
Journalists, as "new class" mem-
bers, 141–42, 301
Jungle, The (Sinclair), 194, 203
Kahn, Alfred, 200
Kefauver, Estes, 189, 194, 205, 210
Kelsey, Dr. Frances O., 208
Kennedy, Edward M., 112
Kennedy, John F., 208
Kent (England), 173–74
Kerr, Clark, 180
Keynes, John Maynard, 70–71, 84,
268
Keynesian economic policies, 70–
71, 94
Kibbutz, 143
Kickbacks, 235—36
Knickerbocker Trust Company, 71,
82
Labor and labor market, 19—20,
228—47. See also Unemploy-
ment
freedom to choose occupation,
238—41, 247, 305
government and, 236–37, 242,
243–45
full employment policy, 264,
265–66, 267, 297
labor unions and (see Labor
unions)
other employers and, 246
price system and, 21—22
subsidies by foreign governments
and, 46
tariffs and, 40—41, 46
in USSR, 10
Labor unions,
also Trade
beneficiaries of, 232—35, 242
collusion between employers and,
241—42
distinguished from "labor," 229
of government employees, 232—
33
government support of, 236–37,
242
inflation and, 262
municipal, 232—33, 244—45
in nationalized industries, 233
origins of, 229—31
restriction of numbers entering
an occupation by, 238—41,
247
source of power of, 235—42
violence threatened by, 236, 237
Laker, Freddie, 200, 225
Laski, Harold, 285
Lehman, Herbert H., 84
Levin, Henry M., 177, 178
Lewis, John L., 241
228—43, 247.
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