Free To Choose: a personal Statement

Nineteen Eighty-four
( Orwell), 103
Nixon, Richard M., 124, 217
North Carolina, 250
Nozick, Robert, 143
Old Age and Survivors Insurance,
93, 103—7
Old Age Pensions Act of 1908, 98,
99
Olney, Richard J., 197
OPEC, 14, 17, 19, 49, 54, 194,
218—21, 263
Orwell, George, 103, 135

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Index
335
OSHA, 243, 298
Panama, 60
Parochial schools, 153, 158, 159,
163-64, 165, 169
Paternalism, 33, 97, 98, 99, 127
Peltzman, Sam, 207
Penney, James Cash, 138
Pension plans, private, 124
Perkins, Charles E., 197
Peron, Isabel, 253
Physicians, 230-32, 234, 238-39,
240-41
Political freedom, 2-3, 4, 7, 39, 127
Railroad industry, 192-93, 194-97,
199-200, 201-2
Recession, 282
of 1907, 71-72, 73-74, 82
of 1920-21, 78
of 1930s (see Great Depression)
of 1937-38, 89
Regulatory activity,
95, 189-227,
243, 288, 291-92, 298. See
also names of government
agencies
Religious freedom, 69, 130, 163-64
Report on Manufactures ( Hamil-
ton), 35-36, 49, 134
economic freedom and, 2-3, 7,
11, 39, 54-55, 64, 67--69,
148-49, 285, 309
equality (see Equality)
liberty (see Liberty)
Richards, Malcolm, 199
Rockefeller, John D., 138
Rockefeller, John D., Jr., 182
Rockefeller Foundation, 139
Roosevelt, Franklin D., 83, 84, 90,
Pollution
and
antipollution
mea-
sures, 213-18, 221
Populist party, 196
Poverty level, 108
Price system, 13-24, 254
functions of, 14-24
distribution of income, 20-24
incentives, 18-20, 23, 24
transmission
of
information,
92-94, 100, 190
Roosevelt, Theodore, 72
Rumsfeld, Donald, 68
Russia. See USSR
Sabath, A. J., 86
St.
John
Chrysostom's
school,
Bronx (New York), 159
St. Louis ( Missouri), Pruitt-Igoe
14-18, 274, 305
inflation and (see Inflation)
price controls and, 17, 68, 219 -
housing project, 110
San Francisco (California), 244
Schools. See Education
20, 279-80, 281, 305
Securities and Exchange Commis-
price-wage spiral and, 274-75
sion (SEC), 66, 93, 298
voluntary exchange and, 13-24
Seniority, 235
Productivity, 3-4, 6, 21, 44, 133,
Sherman Anti-Trust Law, 53, 133,
247
242
decline in, 145, 146, 155-56, 191
Silent Spring (Carson), 189, 205
inflation and, 254-55, 263
Silver, 252-53, 255, 307
Prohibition, 226-27
Sinclair, Upton, 194, 203
Property, 67, 136
Singapore, 57
Proposition 13, 283
Slavery, 3, 64, 128, 131, 152
Prussia, 154
Smith, Adam, 1-2, 4, 5-6, 7, 13,
Public assistance, 93, 95, 102-3,
24, 25, 35,
144-45,
179,
107-9.
See also Welfare and
185,
189,
222, 229,
284,
welfare state
285, 292
Public works, 30
on education, 171

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336
Index
Smith, Adam (cont.)
on government's role in volun-
tary exchange, 28–32
on trade, 38
Socialism, 95–96, 97–100, 154, 203,
284, 286
Socialist party, 286–87
Social mobility, 133, 134, 149
Social Security system, 69, 93, 96,
108, 117, 164, 278
double dippers, 243
gradual elimination of, 120, 123–
24
precursors of, 97, 98–100
results of, 102–7, 127, 146
South America, 146, 148, 276
South Korea, 147
Spain, 52, 148
"Special interests," 38–39, 40, 97,
201, 203–4, 240, 290–98,
301, 302–3
bureaucracy and, 294–98, 301
concentrated vs. diffuse, 292–94
power in Washington, 290–92
State University of New York, 186
Stockholders, 20–21, 306
Stock market, 1929 crash of, 79, 80
Strong, Benjamin, 78, 79
Subsidies, 47, 49, 292, 293
by foreign governments to indus-
try, 45–46, 51–52, 62, 63
to higher education, 175–87
housing (see Housing)
negative income tax, 97, 120–23
welfare (see Welfare and welfare
state)
Sumner, William Graham, 140
Sunday, Billy, 226
Supplemental security income, 108
Supreme Court, U.S., 93, 163, 287,
288, 307–8
"Sweat-equity" housing project,
110–11
Sweden, 93, 95
reaction against big government
in, 283, 289—90
results of welfare state in, 100–
101