The Invisible Handcuffs of Capitalism: How Market Tyranny Stifles the Economy by Stunting Workers (54 page)

Keynesian economics,
100

KFC (Kentucky Fried Chicken),
111

Kindleberger, Charles,
83
,
163

Knight, Frank,
56
–57,
88
,
117
–18

Koebner, Richard,
163

Krueger, Alan,
81
,
82
,
107
,
220

Krugman, Paul,
16

Kuznets, Simon,
202
–6,
211

labor: as cost of doing business,
91

early primacy in economic thinking,
61
–63

as factor of production,
108
–9

marginalized in economic theory,
86

regarded as disposable objects,
88
–89

resistance to wage labor,
24
–25

as standard of value,
191
–92

taming of,
49
–50

traumatization of,
17
,
139
,
265
,
266
.
See also
capital, labor’s relations with; division of labor; work; workers

labor unions.
See
unions

Langschied, Jeanie,
113
–14

Lansdowne, Marquess of,
152

Lanz, Igor,
295

Latin America,
43
,
44
,
103
,
144
–45.
See also
Venezuela

Layard, Richard,
46

Lazear, Edward P.,
240
,
241

Lebergott, Stanley,
206
,
208

Leibenstein, Harvey,
99
–103

leisure,
33
,
72
,
120
,
212

decrease in,
249

for employers,
102

former abundance of,
32

future of human development and,
286
,
287

GDP and value of,
211

length of working day and,
123

productivity and,
312

technology and,
309

time and,
55
,
56

unemployment and,
118

utility and,
79
,
119
,
192

work as absence of,
17
,
18

Lerner, Abba,
71

Lerner, Harriet,
274
–75

Lester, Richard,
80
,
81
,
82
,
83
,
94

liberals/liberalism,
149
,
175

Lieber, Sandy,
30

Life of Adam Smith
(Rae),
67

Locke, John,
125

Lucas, Robert,
262
,
305

Machiavelli, Niccolò,
36

MacKenzie, Donald,
302

Macleod, Henry Dunning,
75
–76,
85
,
196

Maestro
(Woodward),
39

Mahler, Gustav,
292
–93,
295
,
296

Malthus, Thomas Robert,
25
,
152

management: advice to laid-off workers,
30

humanistic scheme of,
13

identification with power and authority,
236

minimization of costs sought by,
91

mobilization of labor by,
193

scientific,
22
,
93
–94,
95

stockholders and,
267

stock market and,
229
–30,
231

technical knowledge and,
92

training of workers and,
89

workers’ knowledge and,
224

workers’ resistance to,
33
–35,
243
–48

workplace surveillance by,
112

Manhattan Project,
176

marijuana, work ethic and,
51

markets,
9
,
312

electronic,
143
–45

freedom and democracy associated with,
17
,
22
,
26
–27

impact on everyday life,
17

theological defense of,
16
–17,
21
–24

waste in,
248
,
250
.
See also
efficiency, markets’ claim to

Marshall, Alfred,
67
,
74
–78,
97
,
154
,
206

on employers in early capitalism,
226

on possibilities of human development,
284
,
286

Martin, William McChesney,
50

Marx, Karl,
66
–67,
79
,
98
,
129
,
194
,
256

on capital as social relation,
223

on conditions of workers,
85

on exchange value,
313

on guard labor,
252

labor power concept and,
97

on orchestral conductors,
289
–90,
293

Marxists,
149

Mathewson, Stanley,
244
–45

Matthew Effect,
132
–34,
309

Maude, Frederic Natusch,
255

Maxwell, James Clerk,
76

Mayer, Martin,
37

McCloskey, Deirdre,
82

McCulloch, John Ramsay,
155

McDonald’s corporation,
111

McFadden, Daniel,
298

Meadows, James,
31

media,
58
,
108
,
109
,
111
–12

medical care, access to,
30
,
52
,
120
,
127
,
128

Mencken, H. L.,
219

Mendelssohn, Felix,
290

Mengelberg, Willem,
292

Menger, Carl,
68

merchants, small,
174
,
182

Merrill Lynch,
45

Merton, Robert,
133

Mexico,
44

Michelangelo,
15
,
313

Microsoft,
228
,
238

Miliband, Ralph,
242

Mill, John Stuart,
80

Miller, Merton,
81
,
107

minimum wage,
80
,
81
,
94

Modest Proposal
(Swift),
202

monetarism,
100
,
262

monetary policy,
38
,
44
,
260
–64

class warfare and,
42
–43,
45
–46

restrictive,
39
,
40

monopolies,
68
,
98
–99,
100
,
102
,
198

moral economy,
178

Morris, David,
216

Mozart, Wolfgang Amadeus,
290

Mozilla,
238

Mundell, Robert,
99
,
100

Munger, Charles,
259
,
260

Mussa, Michael,
44

Nardinelli, Clark,
70
–71,
127

Nathan, Robert,
204

National Bureau of Economic Research,
79

National Product in Wartime
(Kuznets),
204
–5

“National Well-Being Accounts,”
220

Natural Invisibility of Markets, The
(Perelman),
297

neoliberalism,
21
,
137

Neulinger, John,
299

New Basis of Civilization, The
(Patten),
119

New Deal,
89
,
133
,
262

Newton, Isaac,
83
,
196

Nigeria,
218
,
219

Nixon, Richard,
40
,
57
,
132

Noble, David,
223

Nordhaus, William,
205
,
207
,
211
,
212

Northrop Grumman,
258

Northwest Airlines,
30

Obama, Barack,
107

Occupational Safety and Health Act,
57

O’Connor, James,
251

Olmsted, Frederick Law,
157
–58,
239

O’Neal, Stanley,
45

On the Economy of Machinery and Manufacturers
(Babbage),
84

opera,
292

orchestras, symphony,
289
–96

Orpheus Chamber Orchestra,
293
–94

Orwell, George,
47

outsourcing,
31
,
172

Overseas Development Council,
216

Packard, David,
244

Paris Commune (1871),
66
–67,
95

Patman, Wright,
37

Patten, Simon,
119
,
121
,
122
,
194
,
217

Payares, Rafael,
295

“Paying Respect” symposium,
240

peasants,
141
–42,
158

pension funds,
53
,
143

Perot, Ross,
145

Petty, William,
62
–63,
63
,
152
,
202
,
225

Pfeffer, Jeffrey,
237
,
240

philanthropy,
279
,
291

Physical Quality of Life Index,
126

physics, economics linked to,
76
,
196
–97

Physiocrats,
213

Pigou, Arthur Cecil,
206

Piore, Michael,
91

political economy,
72
–73,
123
,
129
,
215

campaign to win prestige for,
74
–75