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Lenin, 160, 169
Marxist, 21, 118, 169, 298, 310, 312,
Levin, Michael, 239 313
Lewin, Peter, 187 Mary Poppins, 139
Liabilities, 87“88 Mathematical economics, 291,
Liberty, 175“76, 215, 253, 315, 318 321“27
348 ECONOMICS FOR REAL PEOPLE


Matsushita, 263 Murphy, Robert P., 197n, 202n
Mayer, Hans 316 Murray, Charles, 182
Medicaid, 181
Medicare, 181
Napoleonic Wars, 144
Menger, Carl, 21, 25, 33, 41n, 43,
NASDAQ, 204“05, 216, 218
49, 65, 69, 84, 90“93, 128, 131,
National Center for Policy Analysis,
282, 310“11, 313
181
Mercedes, 260
National Socialism, 177, 315
Method. See Science
Nazi Germany, 12, 172, 315
Methodological individualism, 34
Neoclassical School, 11, 122, 125
Michelin, 241
281, 314, 316“17, 321“22, 326
Microsoft, 104, 245, 261, 264“65,
Netscape, 104
267“69
Neuman, John von, 314
Middle Ages, 18
New Deal, 177
Miller, Merton, 124
New economic policy, 169
Minimum wage. See Price-fixing
Nixon, Richard, 141
Mises, Ludwig von, 13, 17, 20, 97,
Nobel Prize, 315, 319
101, 161, 274n, 292“94, 311,
315“16, 317“19, 321 Noll, Roger G., 271
Mises Institute, 319
Mises, Margit von, 319
Oakeshott, Michael, 22, 327“28
Mixed economy, 178“84, 254“58,
Olympics, 186
259“70, 271“87
OPEC, 79
Modeling, 94, 321“28
Oracle, 104
Money, 12, 17, 25, 27“28, 65, 73,
Other People™s Money, 206
81“94, 101“03, 110, 113“17, 123,
132, 137“54, 169, 197“99, 201,
197, 204“07, 209“10, 213“17,
Pareto, Vilfredo, 187“88, 250
222“23, 228, 231, 234“35, 244,
269, 276“77, 283“85, 287, 308“10, Path dependence, 259“70
312“13 Peltzman, Sam, 241
fiat, 86 Peterson, William, 317
Morgenstern, Oskar, 314 Physics, 28“30, 33, 35“36, 60, 103,
108, 326
Moral hazard, 140“41
Moss, Lawrence, 317 Pigou, A.C., 249“61
Mossberg, Walter, 242 Pollution, 249“55
MS-DOS, 268 Ponzi scheme, 218
349
INDEX


Posner, Richard, 184 Reason, 184, 241, 267, 298
Postrel, Virginia, 267 Regulations, 237“47, 257“58, 307
Pot, Pol, 172, 175 Reisman, George, 317
Power, 170“71 Ricardo, David, 21, 62
Praxeology, 21, 321“26 Richman, Sheldon, 169
see also Human action Roads, 253, 255“57, 272
Price, 11, 31, 66, 70, 73“74, 76“78, Robbins, Lionel, 250, 314, 316
85“86, 90“93, 95“96, 104, 106, Rockwell, Jr., Llewellyn H., 170
109“12, 113“15, 117, 119, 123,
Röpke, Wilhelm, 314“15
127, 129, 142“53, 158“60, 161“62,
Roman empire, 124
163, 165“66, 167“68, 170, 178,
180“86, 195, 197, 217“35, 245, Rosenstein-Rodan, Paul, 314
254“55, 264, 266“67, 269, 279,
Roosevelt, Franklin, 140, 222
282, 285“87, 295, 299, 304, 307,
Rothbard, Murray N., 13, 25, 71, 132,
316, 324“27
141, 176, 183“84, 251, 253, 274n,
Price ceiling, 198
292, 295“96, 308, 311, 316“18
Price-fixing, 78, 142, 194“202,
Roundabout methods of production,
234“35
131“35
Primitivism, 176
Rowland, John, 255, 271
Profit, 17, 24, 27, 65, 69“71, 75, 82,
Rowling, J.K., 199
92, 94“95, 102, 106“08, 111“14,
Harry Potter, 199
116, 118, 131, 138, 140, 148, 158,
161, 164, 202, 238, 241, 255, 261, Rudolf, Crown Prince, 310“11
263, 266, 270, 274“75, 286, 304,
312, 325
Safety, 120, 237“42
Property, 31, 43“44, 76, 109, 159,
Salamanca, 307
177, 185“86, 250“53, 255“56, 295,
297, 299, 302, 305, 307, 317“18 Saving, 47“54, 65, 118, 212, 219“20,
223, 229, 234, 245
Protectionism, 280“82
Say, Jean-Baptiste (Say™s Law), 234,
Public Choice School, 241, 269, 275,
309
280
Scarcity, 24, 77, 197“202, 246
Pythagorean theorem, 323
Scarponi, Diane, 271
Schmookler, Andrew Bard, 303
QWERTY, 187, 260, 264“67
Schumpeter, Joseph, 19, 307
Schutz, Alfred, 314
Raico, Ralph, 317 Science
Rationing, 197“202 physical and social, 18, 28“32,
Read, Leonard, 61, 317 309
350 ECONOMICS FOR REAL PEOPLE


Sennholz, Hans, 116, 317 Supply-side economics, 297
Shackle, G.L.S., 305, 319 Sullum, Jacob, 241, 298
Shortages, 198“202 Survivor, 13“14, 33, 36
Silicon Valley, 217 SUVs, 258
Smith, Adam, 19, 21, 60“62, 76, 164, Switzerland, 316
296
Smith, Vernon, 35
Taxes, 251, 284
Smoot-Hawley tariff, 222
Textbooks, 11
Social Security, 28
Theft, 121“22, 295, 307
Social cooperation, 177
Third way, 177, 179, 181, 183, 185,
Socialism, 56, 102, 126, 159“76, 177,
187
183, 262, 314“15
see also Mixed economy
Society for the Development of
Third World, 186
Austrian Economics, 319
Timberlake, Richard, 150
Software, 242“47
Time, 13, 24“25, 27, 35“42, 45,
Sony, 263“64
47“56, 60“61, 63“72, 79, 81“82,
Soto, Hernando de, 186
86, 91“92, 97, 112“14, 122“23,
South Royalton, 319 125, 132“34, 162“67, 178, 186,
212“14, 222“23, 308“12, 316, 319,
Soviet Union, 65“66, 169, 170, 172,
175 176, 315 322“23, 327“28
Time preference, 52“55, 212“13
Sowell, Thomas, 257
Totalitarian dictator, 174“75
Specialization, 64“65
Trading, 64, 67“69, 72, 74“75,
Spontaneous order, 18
83“84, 86, 95, 143, 192, 218, 243,
Sraffa, Piero, 222
310
Star Trek, 304
Transcontinental railroad, 277“78
State, 105, 159“76, 177“83, 196, 238,
Treasuries, 114, 140, 216
250“51, 254“56, 295“97, 302
Trotsky, Leon, 169
Steinert-Threlkeld, Tom, 268
Tullock, Gordon, 224
Stock market, 202“08, 215“18, 327
Turgot, A.R.J., 308
Stossel, John, 299
Tynan, Nicola, 241
Strigl, Richard, 314
Tyranny, 172
Structure of production, 121“35
Subjective value, 25“26
see also Value Uncertainty, 45“46, 50, 89, 105,
107“11, 293, 297, 318
Supply and demand, 11, 75“78,
325“26 Underwriters Laboratories, 240
351
INDEX


Unemployment, 116, 218, 222, 234, Wagner, Richard E., 223, 226,
230“31
328
Walras, L©on, 41n, 146“47, 149, 310
Unions, 65“66, 318
Wealth, 17, 19, 51, 60, 101“02, 110,
University of Salamanca, 19, 307
119, 128, 167, 184, 197, 202“06,
University of Vienna, 310“11, 313
207, 222, 231, 267, 276, 296“99,
Upton, Charles, 122 311
Utility, 11, 40 ff., 66“68, 202 Web, 103, 127, 181, 220, 268
Utopia, 172 Welfare economics, 249“51
Wicksell, Knut, 313
Wicksteed, Philip, 311
Value, 21, 25“26, 31, 35, 37, 39, Wieser, Friedrich von, 93, 311
41“44, 47“50, 54“56, 63“64, 67“72, Windows, 242, 244“45, 260“61, 269
76“77, 85“87, 89“91, 93, 101“02,
Wintel, 267“69
104, 111“14, 117, 119, 127,
Wired, 261
129“30, 137“38, 143, 145, 149“53,
163, 175, 185“86, 188, 197, 201, Wirtz, Bill, 275
202“04, 206“08, 237“38, 251, 253, Workers, 61, 101“03, 105“06, 109,
261, 276, 296“97, 299, 301, 305, 115“16, 117“18, 119, 123, 127“28,
307“08, 310, 312“13 130, 159, 173, 192“93, 279, 285“87
of money, 85, 89“90, 145, 149, World War I, 144, 313
153, 313 World War II, 180, 265, 313
VHS, 260“61, 263“64
Voegelin, Eric, 314
Y2K, 205
Volvo, 241
Yeager, Leland, 317
Vonnegut, Kurt, 108, 176
Breakfast of Champions, 108
“Harrison Bergeron,” 176 Zimbalist, Andrew, 271

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