The Invisible Handcuffs of Capitalism: How Market Tyranny Stifles the Economy by Stunting Workers (55 page)

BOOK: The Invisible Handcuffs of Capitalism: How Market Tyranny Stifles the Economy by Stunting Workers
6.17Mb size Format: txt, pdf, ePub
ads

Marx and,
67
,
68

rebranded as economics,
76
–77

as science of exchange,
76
.
See also
economics, mainstream

Poor, Henry Varnum,
73

poverty,
52
,
142
,
269
,
285

education system and,
249

meritocracy and,
278
,
280

Prescott, Edward,
120

price stability,
40
,
142

price theory,
98

Prince, The
(Machiavelli),
36

Principles of Economics
(Marshall),
76
–77

Principles of Political Economy
(Ricardo),
61

Principles which Lead and Direct

Philosophical Enquiries, The
(Smith),
196

prisons,
51
,
257
–58

privacy, business interests’ intrusion on,
112
–13

Procrustes myth,
17
,
23
,
26
,
111
,
115
,
309
,
310

production process,
11
,
14
,
193

capital goods and,
90

dignity and,
307
–8

economics rooted in labor and,
63

exchange favored over,
172
–73,
202

factors of,
69
–70,
108
–9

as “hidden abode,”
111
–13

labor’s contribution to,
50

managerial authority in,
236
–37

slighted by economists,
76
,
84

technology and,
64
,
65

unions and,
131

productivity,
35
,
65
,
66
,
181

creativity and,
308

division of labor and,
166
,
235

financial interests and,
230

fossil fuels and,
171

of labor,
119

labor’s deteriorating position and,
120

potential,
271

scientific management and,
94

social relations and,
224
,
225

training of workers and,
89

workers’ education and,
186

prosperity,
130
–32,
134
,
213
,
218
–19,
263

protectionism,
104

public policy,
21
,
51

Rae, John,
67

railroads,
64
–65,
68
,
73
,
140
,
146

Ramo, Simon,
258

Rattle, Sir Simon,
295

Rattner, Steven,
228

Read, Samuel,
193
–94,
274

Reagan, Ronald,
22
,
79
,
133
,
151
,
218

real estate (housing) bubble,
47
,
231
,
265

Reardon, Dave,
246

recessions,
42
,
49
,
59
,
131
,
263

Redefining Progress (think tank),
211

Reder, Melvin,
82
–83

“Reducing Poverty Not Inequality” (Feldstein),
79

regulation, government,
22
,
91
,
102
,
103
,
298

“libertarian paternalism” as replacement for,
107

railroads protected by,
68
,
140
,
146

workplace safety and,
31
,
106

religion,
18
,
178

rents,
62
,
66
,
80
,
198

retirement, age of,
127
,
128

Review of African Political Economy,
86

Ricardo, David,
40
,
61
,
63
,
68
,
193
,
194

Riis, Jacob,
14
,
238

Rise of the Meritocracy, The
(Young),
276

Robbins, Lionel,
56
,
311

Roebuck, John,
160
,
161

Romanticism, in music,
290
–91,
292
,
294
,
296

Rooks, Bonnie Lovellette,
127
–28

Roosevelt, Franklin D.,
262
,
297

Rosen, Sherwin,
82
,
105
,
107

Rothschild, Emma,
152

Routh, Guy,
202

sabotage,
34
,
35
,
36

Sago mine disaster (2006),
112
,
113

Samuelson, Paul,
49
,
205

Schlosser, Eric,
110

Schultz, George,
57
,
92

Schultz, Theodore,
141
–42

Schumann, Robert,
290

Schumpeter, Joseph,
56
,
131
,
292

Schwab, Charles,
89

Schwartz, Anna,
261
,
263

science/scientists,
95
,
176
,
196
,
286
,
312

Scotland,
160
–61,
162
,
171
,
190
.
See also
Britain (England)

Seeley, Sir John Robert,
74
–75

Seligman, E.R.A.,
163

Sen, Amartya,
215
,
216
,
287

Senior, Nassau,
129

Sennett, Richard,
237
–38,
247
–48

service work,
57

Shaiken, Harley,
247

Shaikh, Anwar,
211

Shovell, Sir Cloudesley,
234

Sinclair, Upton,
109
–10

Six Months Tour Through the Southern Counties of England and Wales, A
(Young),
170

slavery,
53
,
239
,
243
,
273

British cotton industry and,
141

condition of workers under capitalism and,
133

as inefficient mode of production,
157
–58

Slaves, The
(Michelangelo sculptures),
15

Smith, Adam,
9
,
12
,
125
,
151
–54,
197
–99,
279

antagonism toward workers,
177
–80

Aristotelian worldview and,
215

on business and the public,
268

class eliminated from worldview of,
150
,
151
,
159
–60,
173

on consumption,
220

contradiction of market ideology and,
181
–82

on control of workers’ lives,
18

on degradation of work and workers,
179
–80

degraded legacy of,
193
–95

on displacement of feudal economy,
307
–8

division of labor and,
235
–36

on four stages of social progress,
156
–59,
182
,
195
,
283

on frivolity of consumption,
120
–22

on human capital,
302
–3

humanistic reputation of,
152
,
195
,
233

on hunting and fishing,
299
–300

individualism supported by,
174
–76,
201

on inefficiency of overt coercion,
53

invisible hand metaphor,
10
–11,
24
,
149

on labor as standard of value,
62
,
191
–92

on military discipline,
183
–86

on moral restraint,
297

Newtonian economics of,
196

on origins of capitalism,
141

Physiocrats and,
213

pin factory of,
162
,
163
–69,
179

primacy of exchange and,
172
–74

production of personality and,
154
–56

on religious discipline,
187
–88

technology and,
162
,
166
,
171
–72

on toll of work,
63

workers seen as merchants of labor,
124
. See also
Wealth of Nations, The
(Smith)

social reforms,
132
–34

social relations,
15
,
94
,
96
,
221

invisibility of,
11

managerial control and,
238

of work,
223
–25

Social Security,
87
,
127

sociology,
86
,
87

Solow, Robert,
73

Soviet Union,
140
,
228
–29,
294

Sowell, Thomas,
80

Spohr, Ludwig,
290

Standard & Poor’s,
73

Staples,
111

state, the.
See
government (the state)

“statistical life,” economic value of,
106

Stein, Herbert,
40

Stigler, George,
80
–81,
82
,
84
,
101
–2,
154
,
305

stock market,
65
,
134
,
229
–32,
285
,
302

Stravinsky, Igor,
291

stress,
33
,
46
,
48
,
52
,
59

Sturtevant, Julian M.,
75

Sullenberger, Chesley B., III,
60
,
61

Summers, Lawrence,
128

Sunstein, Cass,
107

BOOK: The Invisible Handcuffs of Capitalism: How Market Tyranny Stifles the Economy by Stunting Workers
6.17Mb size Format: txt, pdf, ePub
ads

Other books

A Reason to Kill by Jane A. Adams
The Crisscross Crime by Franklin W. Dixon
The Law of Angels by Cassandra Clark
Blood Stained Tranquility by N. Isabelle Blanco
Los hijos de Húrin by J.R.R. Tolkien
Point Hope by Kristen James
Flying Home by Ralph Ellison
The Book of Knowledge by Doris Grumbach
Shadow and Bone by Leigh Bardugo
Curves & Courage by Christin Lovell