The Invisible Handcuffs of Capitalism: How Market Tyranny Stifles the Economy by Stunting Workers (50 page)

60.
Ibid.

61.
Charles T. Munger, “Academic Economics: Strengths and Faults After Considering Interdisciplinary Needs,” Herb Kay Undergraduate Lecture, University of California, Santa Barbara Economics Department, October 3, 2003,
http://www.tilsonfunds.com/MungerUCSBspeech.pdf
.

62.
John Huston and Nipoli Kamdar, “$9.99: Can ‘Just-Below’ Pricing Be Reconciled with Rationality?,”
Eastern Economic Journal
, Vol. 22, No. 2 (Spring 1996): 137–38.

63.
Robert H. Frank,
The Economic Naturalist: In Search of Explanations for Everyday Enigmas
(New York: Basic Books, 2007), 61.

64.
Raymond E. Lombra, “Eliminating the Penny from the U.S. Coinage System: An Economic Analysis,”
Eastern Economic Journal
, 2001, Vol. 27, Issue 4 (Fall 2001): 433–42.

65.
Milton Friedman and Anna Jacobson Schwartz,
A Monetary History of the United States, 1867–1960
(1963; Princeton: Princeton University Press, 1971), 240.

66.
Milton Friedman, “The Fed Has No Clothes,”
Wall Street Journal
, April 15, 1988, 15.

67.
Milton Friedman, “The Fed’s Thermostat,”
Wall Street Journal,
August, 19, 2003.

68.
John Maynard Keynes,
The General Theory of Employment, Interest and Money
(London: Macmillan, 1936).

69.
Robert E. Lucas, Jr., “The Death of Keynesian Economics,”
Issues and Ideas
(Winter 1980).

70.
Justin Fox, “The Comeback of Keynes,”
Time
, October 23, 2008,
http://www.time.com/time/printout/0,8816,1853302,00.html
.

71.
Lawrence H. White, “The Federal Reserve System’s Influence on Research in Monetary Economics,”
Econ Journal Watch
, Vol. 2, No. 2 (August 2005): 325–54,
http://www.econjournalwatch.org/pdf/WhiteInvestigatingAugust2005.pdf
; Robert D. Auerbach,
Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan’s Bank
(Austin, TX: University of Texas Press, 2008), 141.

72.
Alan Greenspan, “Opening Remarks,”
Rethinking Stabilization Policy: A Symposium Sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming
(Kansas City, MO: Federal Reserve Bank of Kansas City, 2002), 4–5,
http://www.kansascityfed.org/publicat/Sympos/2002/sym02prg.htm
.

73.
Alan Greenspan,
The Age of Turbulence: Adventures in a New World
(New York: Penguin Press, 2007), 202.

74.
Kevin P. Phillips,
Wealth and Democracy: A Political History of the American Rich
(New York: Broadway Books, 2002), 236.

75.
Adam Smith,
An Inquiry into the Nature and Causes of the Wealth of Nations
, 2 vols., eds. R. H. Campbell and A. S. Skinner (1789; New York: Oxford University Press, 1976), I.xi,10, 267.

76.
Ibid., V.i.e.18, 741.

77.
See John M. Barry,
The Great Influenza: The Epic Story of the Deadliest Plague in History
(New York: Viking, 2004).

1.
Fredric Jameson, “Future City,”
New Left Review
, Vol. 21 (May–June 2003),
http://www.newleftreview.org/?view=2449
.

2.
John Adams, “Letter to Thomas Jefferson” (February 2, 1816) in
The Writings of Thomas Jefferson
(Washington, D.C., Thomas Jefferson Memorial Association of the United States, 1907), 426–67.

3.
Harriet Lerner,
Fear and Other Uninvited Guests
(New York: HarperCollins Publishers, 2004), 161.

4.
Ibid.

5.
Michael Dunlop Young, “Down with Meritocracy,”
The Guardian
, June 29, 2001.

6.
Jerome Karabel,
The Chosen: The Hidden History of Admission and Exclusion at Harvard, Yale, and Princeton
(Boston: Houghton Mifflin, 2005).

7.
Henry Home Kames,
Introduction to the Art of Thinking
(Edinburgh: W. Creech and T. Caddell, 1789), 57.

8.
Russell Jacoby,
Picture Imperfect: Utopian Thought for an Anti-Utopian Age
(New York: Columbia University Press, 2005), 65.

9.
Perry Anderson,
Zone of Engagement
(London: Verso, 2002), 232.

10.
James C. Scott,
Seeing like a State: How Certain Schemes to Improve the Human Condition Have Failed
(New Haven: Yale University Press, 1998), 12.

11.
Ibid., 20.

12.
Rosa Luxemburg, “Letter to Sophie Liebknecht” (May 2, 1917),
http://www.marxists.org/archive/luxemburg/1917/05/02.htm
.

13.
John Maynard Keynes, “Economic Possibilities for Our Grandchildren,”
Nation and Athenaeum,
October 11 & 18, 1930; reprinted in Keynes,
Essays in Persuasion
(New York: W. W. Norton, 1963), 358–73.

14.
Keynes,
The Economic Consequences of the Peace
(1919) in
The Collected Works of John Maynard Keynes
, Vol. 2, ed. Donald Moggridge (London: Macmillan, 1971), 12.

15.
Roy F. Harrod,
The Life of John Maynard Keynes
(New York: Harcourt, Brace & Co., 1951), 194.

16.
Alfred Marshall,
Principles of Economics
(London: Macmillan, 1890), 3.

17.
Keynes, “A Short View of Russia,”
Nation and Athenaeum
, October 10, 17 and 25, in
Essays in Persuasion
(1931); republished as
The Collected Works of John Maynard Keynes
, Vol. 9, ed. Donald Moggridge (London: Macmillan, 1972), 297–311.

18.
Keynes to Duncan Grant, July 31, 1908; quoted in Robert Skidelsky,
John Maynard Keynes
:
Hopes Betrayed
(New York: Viking, 1986), 195.

19.
George Rylands, “The Kingsman” in ed. Milo Keynes,
Essays on John Maynard Keynes
(Cambridge: Cambridge University Press, 1975), 47.

20.
Joan Robinson, “What Has Become of the Keynesian Revolution?” in Milo Keynes,
Essays on John Maynard Keynes,
128.

21.
John Maynard Keynes,
The General Theory of Employment, Interest and Money
(London: Macmillan, 1936), 374.

22.
Keynes, “Memorandum for the Estates Committee, King’s College, Cambridge, May 8, 1938,”
Collected Writings
, Vol. 12 (London: Macmillan), 109.

23.
Keynes, “Economic Possibilities for Our Grandchildren” in
Essays In Persuasion,
372.

24.
Ibid., 366.

25.
Ibid., 369.

26.
Ibid.

27.
Karl Marx,
Capital
, Vol. 3 (New York: Vintage, 1981), 507.

28.
Elias Canetti,
Crowds and Power
, tr. Carol Stewart (New York: The Viking Press, 1962), 395.

29.
Urs Frauchiger,
Was zum Teufel ist mit der Musik los
(Bern: Zyglogge, 1982), 69.

30.
Igor Stravinsky,
Poetics of Music in the Form of Six Lessons
, tr. Arthur Knodel and Ingolf Dahl (Cambridge: Harvard University Press, 1947), 167–69.

31.
José Antonio Bowen and David Mermelstein, “The American Tradition” in
The Cambridge Companion to Conducting
, ed. José Antonio Bowen (Cambridge: Cambridge University Press, 2003), 164.

32.
Lawrence W. Levine,
Highbrow/Lowbrow: The Emergence of Cultural Hierarchy in America
(Cambridge, MA: Harvard University Press, 1988), 129.

33.
Bowen and Mermelstein,
The Cambridge Companion to Conducting
, 164.

34.
Joseph Schumpeter,
Capitalism, Socialism and Democracy
(New York: Harper & Row, 1950).

35.
H. Earle Johnson,
Symphony Hall, Boston
(Boston: Little, Brown, 1950), 52, 47.

36.
Levine,
Highbrow/Lowbrow
, 134, 139.

37.
Marx,
Capital
, Vol. 3, 511.

38.
“Headless,”
The Economist,
August 3.

39.
Stravinsky,
Poetics of Music in the Form of Six Lessons
, 169.

40.
Arthur Lubow, “Conductor of the People,”
New York Times
, October 28, 2007.

41.
Franklin D. Roosevelt,
Second Inaugural Address
, 1937,
http://avalon.law.yale.edu/20th_century/froos2.asp
.

42.
Daniel McFadden, “Free Markets and Fettered Consumers,”
American Economic Review
, Vol. 96, No. 1 (March 2006): 6.

43.
John Neulinger,
The Psychology of Leisure
, 2nd ed. (Springfield, IL: Charles C. Thomas, 1981), 15.

44.
Adam Smith,
An Inquiry into the Nature and Causes of the Wealth of Nations
, 2 vols., eds. R. H. Campbell and A. S. Skinner (1789; New York: Oxford University Press, 1976), I.x.b.3., 117–8.

45.
George Anders, “Cutting-Edge Executives: Top Managers Find Inner Peace in Carpentry; A $700 Sander that Eats Its Own Dust,”
Wall Street Journal
, August 10, 2007.

46.
Michael Lewis, “Sarkozy Forces the French to Join the 1980s,”
Bloomberg,
August 6, 2008,
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_lewis&sid=azEdlWcgsj5M
.

47.
Cornelius Tacitus,
The Agricola and The Germania
, tr. H. Mattingly (New York: Penguin Books, 1970), ch. 30, 81.

48.
Keynes,
The General Theory of Employment, Interest and Money
, 383.

49.
Donald A. MacKenzie,
An Engine, Not a Camera
(Cambridge: MIT Press, 2006).

50.
Smith,
An Inquiry into the Nature and Causes of the Wealth of Nations
, II.i.17, 282.

51.
Ibid., IV.viii. 44, 659, and I.x.b.6, z 118.

52.
Robert H. Haveman, Andrew Bershadker, and Jonathan A. Schwabish,
Human Capital in the United States from 1975 to 2000: Patterns of Growth and Utilization
(Kalamazoo, MI: W.E. Upjohn Institute for Employment Research, 2003), 68.

53.
Dale Jorgenson and Barbara Fraumeni,
The Accumulation of Human and Non-Human Capital, 1948–84
(Cambridge: Harvard University Press, 1987).

54.
Sherwin Rosen, “Human Capital,”
The New Palgrave: A Dictionary of Economics
, vol. 2 (New York: Palgrave Macmillan, 1987), 681–90.

55.
Robert E. Lucas, Jr., “On the Mechanics of Economic Development,”
Journal of Monetary Economics
, Vol. 22, No. 1 (July 1988): 19.

56.
James N. Baron and Michael T. Hannan, “The Impact of Economics on Contemporary Sociology,”
Journal of Economic Literature
, Vol. 32, No. 3 (September 1994): 112.

57.
Gunnar Lind Haase Svendsen and Gert Tinggaard Svendsen, “On the Wealth of Nations: Bourdieuconomics and Social Capital,”
Theory and Society
, Vol. 32, No. 5/6 (December 2003): 627.

58.
Gary Becker and George J. Stigler, “De Gustibus Non Est Disputandum,”
American Economic Review
, Vol. 67, No. 2 (March 1977): 78.

59.
Gerald Fredrick Davis,
Managed by the Markets: How Finance Reshaped America
(Oxford: Oxford University Press, 2009), 6.

60.
Virginia Woolf,
The Diary of Virginia Woolf,
Vol. 2, 1920–1924, eds. Anne Olivier Bell and Andrew McNeillie (New York: Harcourt Brace Jovanovich, 1978), 231.

61.
Jaroslav Vanek,
Crisis and Reform: East and West
(Ithaca, New York: Cornell University Press, 1989), 93.

62.
H. G. Wells,
A Modern Utopia
(New York: Charles Scribner’s Sons, 1905), 102.

63.
Lionel Charles Robbins,
An Essay on the Nature and Significance of Economic Science
, 2nd ed. (London: Macmillan, 1969), 16.