The Invisible Handcuffs of Capitalism: How Market Tyranny Stifles the Economy by Stunting Workers (53 page)

Feldstein, Martin,
79
,
87

feminists,
312

Ferguson, Adam,
167
–68,
177
,
183
,
191
,
198

feudalism,
158
,
273
,
294
,
307
–8

Fields, Mark,
227

Fleisher, Leon,
293

Floersch, Richard,
111

Fogel, Robert,
204

food stamps,
30

Ford Motor Company,
214
,
226
,
227
–28

foreclosures,
52
,
53

fossil fuels,
64
,
171

Fox, Charles James,
152

France,
14
,
145
–46,
147
,
167
,
202

France, Anatole,
135
,
272

Franklin, Benjamin,
162

Frauchiger, Urs,
290

Fraumeni, Barbara,
303

Freedman, Craig,
82

freedom, rhetoric of,
17
,
22
,
26
–27,
272
,
273

French Revolution,
152

Friedman, Milton,
82
,
134
,
261
,
262
,
263

Friedman, Thomas,
142
–43,
144
,
145
–46

Galbraith, John Kenneth,
123
,
204

Galeano, Eduardo,
26

Galton, Sir Francis,
74

gardening, farm work versus,
298
–300

General Electric,
223
–25,
244

General Motors,
131
,
214
,
227
,
228

General Theory, The
(Keynes),
285

Genuine Progress Indicator,
211
–12

Gericke, Wilhelm,
292

Germany,
67
,
146
,
214
–15,
219

globalization,
47
,
86
,
137
,
138

global warming,
14
,
210
,
269

“Golden Age” (1945–1960s),
130
–32,
134

“Golden Straightjacket,”
142
–45

Gold Rush, in California,
92

gold standard,
144

Gompers, Samuel,
256

Good Soldier Sveijk, The
(Hasek),
243
–44

government (the state),
14
,
180
,
248
,
262
,
267
,
298

capitalism and,
311

corporations bailed out by,
145
,
228

disciplined by global market,
137
,
138
,
139
,
143
,
144

division of labor and,
198

economic recovery and,
22
,
262

emergencies and,
270

forestry and German state,
281

GDP statistics of,
203
–4,
208
,
212

guard labor and,
113
,
257
,
260

industries owned by,
142

Manhattan Project as collaborative effort,
176

market-based liberty and,
134
,
135

occupational injuries/diseases and,
58
,
59
,
105
,
112

proper role according to Smith,
154
,
178
,
181
,
183
,
184
,
187
–89,
193

repressive force of,
26
,
66

rhetoric of freedom and,
272

social safety net and,
51

technological development and,
269
–70

wartime economy and,
203
–4,
270
,
283

working conditions and,
109
.
See also
Federal Reserve; regulation, government

Graham, John D.,
106

Grant, James,
216

Great Depression,
44
,
130
,
132
,
133
,
202
,
310

Federal Reserve blamed for,
261
–62,
264

Keynes and,
282

“Great Recession,”
10

Greenbaum, Joan,
247

Greenspan, Alan,
17
,
39
,
43
,
261

interest rates and,
47

on source of inequality,
57

traumatization of labor and,
47
–49,
260
,
265
,
266

Gross Domestic/National Product (GDP),
18
–19,
62
,
98
,
199
,
201
–3,
222

alternatives to,
211
–12

economics of happiness and,
220
–21

factors ignored by,
206
–11

human capital and,
303

human welfare and,
215
–17

politics of,
217
–18

Second World War and,
203
–5

women’s unpaid housework and,
205
–8

Gross National Happiness,
217

guard labor,
113
,
251
–60

Hadley, Arthur Twining,
64
,
67
–68

happiness, economics of,
19
,
218
–21

Haq, Mahbub ul,
216

Harberger, Arnold,
98
–100,
103
–4

Hasek, Jaroslav,
243

Haymarket Square demonstration (1886),
122

Helmholtz, Hermann von,
96
–97

Hewlett-Packard,
244

Hicks, John R.,
100

“high culture,”
292

Hispanic workers, workplace death rate of,
105

History of the Trades Project,
63
,
225

Homestead Strike (1892),
89
,
122

Horner, Francis,
152
–53

Hotelling, Harold,
250

household work,
203
,
205
,
207
–8,
211
–12

housing, public,
51

housing bubble.
See
real estate (housing) bubble

Huber, Peter,
228
–29,
233

human capital,
57
,
305
–6,
309

accumulation of,
97

as dead end,
302
–4

workers’ skills as,
11

workplace discipline and,
98

Human Development Index (World Bank),
216
,
217

Hume, David,
162

hunter-gatherers,
156

Hymer, Stephen,
226

ideology,
96
,
115

central contradiction of,
181
–82

conflicts hidden by,
11
–13

hours of labor and,
123

international markets and,
140
–42

invisible hand metaphor and,
10
–11

immigrant workers,
109
–10

imperialism,
137
–38,
141

income distribution,
99

India,
146
,
215

individualism,
174
–76,
201
,
294

Industrial Revolution,
92
,
125
,
141
,
160
–61,
171
,
175

Industrial Revolution, The
(Ashton),
160

inflation,
59
,
62
,
103

development of nations and,
142

Federal Reserve and,
37
,
39
,
40
–41,
266

hourly wages corrected for,
31

intellectual property,
211

interest rates,
38
,
47
,
139

International Monetary Fund (IMF),
44
,
217

International Working Man’s Association,
67

investors,
87
,
118
,
124

invisible hand metaphor,
10
–11,
12
,
24
,
149

Iraq invasion,
270

Ireland,
141
,
172

Italy,
235

Jacoby, Russell,
281

Jameson, Fredric,
271

Japan,
146
,
234

Jefferson, Thomas,
272

Jensen, Michael,
45

Jevons, William Stanley,
68
–69,
72
,
94
–95,
306

jobs,
275
,
298

creation of,
29
–30,
31
,
33

job satisfaction,
111

time consumed by,
17

Johnson, Harry,
45
–46

Johnson, Samuel,
162

Jorgensen, Dale,
303

Journal of Consumer Research,
49
–50

Journal of Economic Perspectives,
239

Journal of Markets and Morality,
22

Jungle, The
(Sinclair),
109

Kahneman, Daniel,
16
,
220

Kant, Immanuel,
280
–81

Katrina, Hurricane,
270

Kautsky, Karl,
32

Kelley, Edward W., Jr.,
49

Kennedy, Patrick,
48

Keynes, John Maynard,
24
,
42
,
154
,
262
,
306

on madmen in authority,
301

vision of future human development,
282
–89