The Wisdom of Henry Hazlitt
Index
A
aggression, 114–115
agriculture, 132, 133
Aid to Families with Dependent Children, 291, 293–294
aid, foreign, 304–319
American Charities (Warner), 219–220
American Mercury, 23, 32, 42
anarchy, 99, 107
Anarchy, State, and Utopia (Nozick), 99–100
anatomy, 53
Anatomy of Criticism, The (Hazlitt), 16, 26
Anderson, Benjamin M., 15, 20, 23, 41
Anderson, Martin, 180, 339
anticapitalism, 310, 323–325, 326
Arabian Nights, 53
Artisans’ Dwellings Acts, 179
arts, 42–43
AT&T, 339
Austrian school of economics, 13
automation, fear of, 249
B
Bacon, Francis, 57, 63
“balance of payments,” 309–310
Banfield, Edward C., 221–222
Bastiat, Frederic, 19, 36, 253, 326, 344, 348
Bentham, Jeremy, 5, 22, 103
Beveridge, Sir William, 281
bibliography of Hazlitt’s books, 25–34
big business, 340–342
Bill of Rights, 90, 91
Bismarck, Otto von, 281
“black economy,” 279
blacks, economic gains of, 275–280
Böhm-Bawerk, Eugen von, 105, 135, 326
Borowsky, Znosko, 58
Bowles, Chester, 133
Brandt, Karl, 42
Bretton Woods Agreement, 18, 23, 155–156
Brezhnev, Leonid, 233
Brozen, Yale, 237
Buckley, William F., 23, 42
bureaucracy, 337
Burns, Arthur, 237
C
Cannan, Edwin, 36
capitalism, 77–78, 272, 273; defense of, 326–335
Capitalism and Freedom (M. Friedman), 259
Capitalism, Socialism, and Democracy (Schumpeter), 343
Cassell, Gustav, 172
central planning, 83, 183–192
Chamberlain, John, 4, 21, 23
Clark, John Bates, 326
Cobden, Richard, 348
Cohen, Morris, 64, 65, 69, 349
command economy, 75
Common Sense of Political Economy, The (Wicksteed), 13, 32, 41
communism, 83, 134, 135
Communist Manifesto, 77–78, 79, 135
competition, 241, 324
Conquest of Poverty (Hazlitt), 30; see chapters 20–23, 25–29
Cooley, Charles Horton, 64
Council of Economic Advisers, report of (1964), 212–213
Critics of Keynesian Economics, The (Hazlitt), 5, 28
D
da Vinci, Leonardo, 53
Dantzig, Tobias, 54
Darwin, Charles, 55, 57
Das Kapital, 78, 136
Declaration of Independence, 91, 349
Descartes, 63
Dewey, John, 65
Dicey, A.V., 346
distributive justice and entitlements, 106, 107
E
Eastman, Max, 46
economic calculation, 82, 134, 242, 332–333
Economic Consequences of the Peace (Keynes), 20, 199–200
economic planning, 183–192
economics, study of, 61
Economics and the Public Welfare (B. Anderson), 15
Economics in One Lesson (Hazlitt), 4, 11, 19, 20, 21, 27, 32, 40
Economist’s Protest, An (Cannan), 36
education, government intervention in, 178
Einstein, Albert, 51
Encyclopedia of Social Reform, 219–220
energy crisis (1970s), 160
England, 165–166, 175–177, 179, 262, 281
entitlements, 106
envy, 265–270, 327–328
Epictetus, 5
equality, 266
Erhard, Ludwig, 312
expectations of capitalism, rising, 333–334
expenditures, growth in Federal, 171
exports, 123–124
F
Fable of the Bees (Mandeville), 198
Failure of the “New Economics”: An Analysis of the Keynesian Fallacies, The (Hazlitt), 5, 11, 21, 28, 239
FCC, 339
Federal agencies and programs, 290–291, 337–338
Federal Bulldozer, The (M. Anderson), 180
Federal Wage-Hour Law, 236
Fertig, Lawrence, 23, 42
First Principles (Spencer), 114
Fisher, Irving, 233
Fleming, Sir Alexander, 60
Ford, Henry, 194–195
foreign investment vs. foreign aid, 304–319
Foundation for Economic Education, The, 3, 11, 33, 155, 340
Foundations of Morality (Hazlitt), 5, 22, 29, 43, 101
France, 178–179, 267–269
free enterprise, importance of defending, 326–335, 336–347
freedom, 131, 240–241, 264; literature of, 348–350
Free Man’s Library, The (Hazlitt), 28, 36, 348
Freeman, The, 3, 4, 21, 155
free market economy, 75, 77–81, 162–163, 272
French Revolution, 267
Friedman, Milton, 42, 237, 259, 326
Friedman, Rose D., 212–213, 214, 215
From Bretton Woods to World Inflation (Hazlitt), 23, 31
Frost, Robert, 161
G
Galbraith, J.K., 184, 186–187, 188, 344
Garvey, Marcus, 278–279
General Theory (Keynes), 28, 33, 199, 202
George, Henry, 231
Germany, economic “miracle,” 312
GNP, fallacy of, 324
Goethe, 334
government, limited, 98–108, 116–118, 180
government, necessary functions of, 110–114, 118
Great Idea, The (Hazlitt), 27, 35
Greaves, Bettina Bien, 11–31
growth, economic, 189–192
“growth planners,” 188–190
Guaranteed Income, The (Theobald), 248–249
H
Haberler, Gottfried, 237
Hamilton, Alexander, 334, 349
Harper, F. A., 196
Hayek, F. A., 17–18, 23, 44, 326
Hazlitt, Frances, 5, 31
Heckscher, Eli, 197
Herbert, Auberon, 109
HEW, 294, 337–338
History of England (Macaulay), 304
Holmes, Oliver Wendell, Jr., 95, 96, 265
Hospers, John, 68
How to Solve It (Polya), 58–59
Human Action (Mises), 33, 62
Hume, David, 5, 326
Hutt, W.H., 278
Huxley, T.H., 32, 109
I
incentive, 224, 257, 259, 261, 332, 345
income, black, 277
income, distribution of, 137–151
income, guaranteed, 248–264
income tax, progressive, 177, 267, 325
incomes, comparative, 279–280
individualism, 45
Industrial Revolution, 43, 137, 148, 249, 305
inflation, 160–161, 208, 238, 346–347
Inflation Crisis, and How to Resolve It (Hazlitt), 30
inheritance tax, 267
“instead of what?” 344
interest rates, control of, 331
International Monetary Fund (IMF), 18, 155–156, 336, 347
intervention, government, 174—182
investment, foreign, 304–319, 341–342
J
James, William, 40
Jefferson, Thomas, 116
Johnson, Lyndon, 212, 344
Johnson, Samuel, 196, 265
justice, 102, 116
K
Kant, Immanuel, 5
Keynes, John Maynard, 5, 18, 21, 33, 199–200, 202–203, 204, 205, 208
Kirzner, Israel, 326
Kuznets, Simon, 149
L
L’Ancien Régime et la Revolution (Tocqueville), 268
labor theory of value, 105, 245
labor unions, 235
LaFollette, Suzanne, 3
laissez-faire, 111–112, 174, 348
land reform as a means of dividing wealth, 230–231
Lane, Rose Wilder, 23
language and thought, 51
law, legislation, 164–173
Law, The (Bastiat), 19
legal duty, 89
legal rights, 89, 92, 95
legislation, socialistic, 119
Leibnitz, 55
lend-lease, 311
Lenin, V.I., 83, 85
liberalism, classical, 175, 182, 349
libertarian organizations, 340
libertarians, task confronting, 336–347
liberty, 115–116, 349–350
Life and the Student (Cooley), 64
Lloyd George, David, 281
Locke, John, 63, 96, 115, 116, 131
logic, 65, 68
luck vs. merit, 222–223
Lyons, Eugene, 46
M
Macaulay, Thomas Babington, 304
Malthus, Thomas, 137, 199, 326
Mandeville, Bernard, 198
Man Versus the State, The (Spencer), 174, 175
Man vs. The Welfare State (Hazlitt), 5, 30, 227
Marcus Aurelius, 5
market economy, basics of, 75–81
market prices vs. communist commands, 132—136
Marshall, Alfred, 138
Marshall, General George C., 311
Marshall Plan, 311, 312, 316
Marx, Karl, ideas of, 5, 75, 77–78, 79, 85, 105–106, 107, 132, 136, 240, 245
mathematics, as related to thinking, 66–67
Mencken, H. L., 19, 23, 32, 42
Mendel, J.G., 55
Mercantilism (Heckscher), 197
Michelangelo, 53
Mill, John Stuart, 18, 64, 65, 68, 102, 109–114, 149–150, 346
Miller, Herman P., 145, 146, 148
minimum wage legislation, 80, 156–158, 170, 237, 278, 331–332
Mises, Ludwig von, 21–22, 33, 35–36, 3, 5, 15, 16, 17, 21–22, 23, 47, 62, 325, 326, 347
money, 328–329, 346–347
monopoly, 127–128, 129, 130, 131
Montesquieu, 116
Mysticism and Logic (Russell), 69
N
National Health Service (British), 281
natural law, 103, 104
natural rights, 91–92
“Negative Income Tax,” 227–230, 259–260
New Constitution Now, A (Hazlitt), 26
New Deal, 155, 158, 261
New Economic Policy, 83, 85, 88
New York City, welfare in, 287, 293
New York Times, 4, 16–17, 18, 19, 20, 23, 33
Newsweek, 3, 16, 20, 33, 36
Newton, Isaac, 55, 70
Nietzsche, 56
1984 (Orwell), 46, 182
Nixon, Richard, 285, 295
NLRB, 338, 342
Nock, Albert Jay, 3
Norris-LaGuardia Act, 155
Nozick, Robert, 99–100, 104–105, 106–107
nutritional needs, as related to poverty, 212–214
O
OASDI, 283, 284
Office of Price Administration, 133
oligopoly, 128
On Liberty (Mill), 18
OPEC, 160
Opitz, Edmund A., 32–34
Orwell, George, 46, 182
ownership, private, 82–88, 90
P
paradox of relief, 270
Passman, Otto, 313
Pasteur, Louis, 60
Paterson, Isabel, 23
Perry, Commodore, 306
Petro, Sylvester, 339
philosophy, study of, 68
planning vs. the free market, 183–192
“playing” capitalism, 244
pleasure-pain balance, 101—102
Polya, George, 58–59
poor, “deserving” and “undeserving,” 222–223
poor laws in England, 112–113, 261–262
Popper, Karl, 61, 65
poverty
cure for, 270–274
definition, 211–217
false remedies for, 234–247, 271
government programs to alleviate, 230, 289–290
lack of future orientation and, 221–222
poverty line or threshold, 147, 212–216, 229, 250, 252, 255, 259, 260
production vs. distribution, 224, 225–233
reasons for, 218–224, 304
Poverty and Waste (Withers), 197
price controls, 125–127, 130, 239, 329–330
price supports, governmental, 123–124
prices, 86, 122–131, 132–136, 246; market prices vs. communist commands, 132–136
Principles of Biology, The (Spencer), 114
Principles of Ethics, The (Spencer), 114, 118, 119
Principles of Political Economy (Mill), 109, 149–150
Principles of Psychology, The (Spencer), 114
Principles of Sociology, The (Spencer), 114
private property, 82, 87, 193–206, 241–242
“private sector” vs. “public sector,” 186–187
problem-solving, 57–58
production, 82, 86, 87, 127, 202, 243, 263
productivity, attempts at measuring, 324
profit motive, 75, 80–81
profits, 141–143, 195–196
Proper Sphere of Government, The (Spencer), 114
“pure competition,” 129
R
Rand, Ayn, 23
Rashdall, Hastings, 94, 95
Rawls, John, 100, 104
Read, Leonard, 3, 4, 23, 33, 42
Reader’s Digest, 19, 46
Reagan, Ronald, 292
Reason and Nature (Cohen), 64
regulation, 169, 170, 170–173
rent control, 79–80, 159, 162, 178, 330–331
Representative Government (Mill), 346
Ricardo, David, 199, 326
rights, 89–97, 253–254, 289–290
“Road Not Taken” (Frost), lines cited, 161
Road to Serfdom, The (Hayek), 17, 44
Roberts, George E., 194–195
Roepke, Wilhelm, 62
Roosevelt, Franklin, 92, 211, 282
Roth, William, 169
Rothbard, Murray, 326
Royster, Vermont, 40
rule of law, 349–350
Russell, Bertrand, 42, 68, 69, 349
S
Samuelson, Paul, 28, 146
Santayana, 5
saving, thrift, and investment, 197, 198, 201, 202–206, 208
Schoeck, Helmut, 265, 266
Schopenhauer, 63
Schumpeter, Joseph A., 343
science, 44
science, government intervention into, 180–181
self-interest, 193–194
Seneca, 5
Senior, Nassau, 113, 272, 326
Sennholz, Hans F., 3–8, 326
slavery, 175, 177
Smith, Adam, 33, 58, 62, 137–138, 193–194, 197, 198, 199, 304, 326, 348
social programs, costs of 237–238
Social Security, 80, 256, 282, 283, 284, 286, 337–338
Social Statics (Spencer), 114, 119
“social welfare” expenditures, 288–289
socialism, 239–240, 332—333
Socialism (Mises), 47, 347
Soviet Union, 83–86, 87–88, 132, 336
specialization and perseverance, 59–60, 305–306
Spencer, Herbert, 13, 32, 40, 55, 62, 114–121, 165–166, 170–171, 174–182, 348
Spinoza, 63
state, minimal, 98–109
state and local laws and ordinances, 167–169
Stebbing, Susan, 64
Strunk, William, 56
study, how to, 50
Sulzberger, Arthur Ochs, 16, 18
supply and demand, 122, 123, 241
T
Taft-Hartley Act, 338
tax rates for various nations cited, 231
taxation, progressive, 231–232, 257–259
technological progress, 146
teen-age unemployment, 157–158
Theobald, Robert, 248–249, 250, 253, 254
Theory of Justice, A (Rawls), 104
thinking, art of, 49–71
Thinking as a Science (Hazlitt), 25, 40, 49
Thinking to Some Purpose (Stebbing), 64
Time Will Run Back (Hazlitt), 27
Tobin, James, 237
Tocqueville, Alexis de, 267
Tract on Monetary Reform, A (Keynes), 20
Trotsky, Leon, 349
Truman, Harry, 312
U
underdeveloped countries, 263–264, 306–307, 317–318
unemployment, 80, 278–279
unemployment compensation and insurance, 158–159, 284–285, 286, 287
Unheavenly City, The (Banfield), 221–222
United Nations, 93
U.S. Congress, 167–168
U.S. Constitution, 90, 91, 167
U.S. Department of Agriculture, 125, 337
urban welfare, 287
Uruguay, 296–303
utility, 102
V
Value of Money, The (B. Anderson), 15, 41
vocabulary, importance of, 52, 54
voluntary cooperation, 75, 76, 120, 187–188
W-Z
Wagner Act, 155
Wall Street Journal, The, 12, 13, 14, 15, 39, 40, 132
“war on poverty,” 212
Warner, Professor A.G, 219
Way to Will Power, The (Hazlitt), 25
wealth, forced redistribution of, 225–233
Wealth of Nations (Smith), 62, 138
Weidenbaum, Murray, 169
welfare fraud and abuse, 291–293
Welfare State, 80, 281–286, 287–295
welfarism abroad, 296–303
Wells, Kenneth, 42
What You Should Know About Inflation (Hazlitt), 29, 239
White, E.B., 56
Wicksteed, Philip, 13, 32, 41, 62
Will Dollars Save the World? (Hazlitt), 27, 40, 316–317
Wisdom of the Stoics (F. and H. Hazlitt), 5, 31
Withers, Hartley, 197
Wolf, A., 60
World War I, 14, 39–40
Wright, David McCord, 326
writing as an aid to thinking, 55, 57
xenophobia, 310
