capitalism

566 The Encyclopedia of Libertarianism
price theory and public policy relationship focus of, 136
principles of, 136
public choice economics and, 405–407
Public Choice Theory and, 136–137
George Stigler and, 135–136, 492–493
See also specific individual
Economics, classical. See Classical economics
Economics, experimental, 137–138
Cartesian rationalism and, 137
constructivist rationalism and, 137
context importance and, 138
definition of, 137
economic environment elements and, 137
explicit vs. implicit rules regarding, 137
institutions, rules, and incentives relationship and, 137
Adam Smith’s spontaneous order concept and, 138
See also Development, economic
Economics, Keynesian, 138–140
James Buchanan criticism of, 139
European Great Depression and, 138
The General Theory of Employment, Interest and Money
(Keynes) and, 73, 138, 139, 218
government economic planning supported by, 139
F. A. Hayek and, 218
John R. Hicks and, 139
income-expenditure multiplier theory and, 138
individual decisions, personal incentives
downplayed in, 138
Keynesian fiscal policy and, 139
Abba Lerner and, 139
limitations of, 139–140
Robert Lucas criticism of, 140
neoclassical economics rejected by, 138
“new Keynesian economics” and, 140
permanent income hypothesis (M. Friedman) and, 139
The Pure Theory of Capital (Hayek) and, 139
Wilhelm Röpke criticism of, 441
Joseph Schumpeter’s criticism of, 453
supply side economics criticism of, 139–140
theory of aggregated production and, 138
Treatise on Money (Keynes) and, 138
unemployment and government policy role in, 138, 139
unemployment and inflation relationship and, 139, 441
unemployment and private sector spending
relationship and, 138–140
The Economics and Ethics of Constitutional Order
(J. M. Buchanan), 40
Economics in One Lesson (Hazlitt), 26, 221
The Economics of Social Welfare (Pigou), 162
Economics (Samuelson), 394
An Economic Theory of Democracy (Downs), 405
An Economist’s Protest (M. Friedman), 197
The Economy of Cities (Jacobs), 64, 261
Edict of Milan (313), 421
Edict of Nantes, 459
Edinburgh Review, 377
Education, 140–142
Athenian education and, 141
charter schools concept and, 142
of children, 59, 60–61
definition of, 140
English and U.S. universal literacy and, 141
European Renaissance and, 141
funding systems of, 140
market incentives and parental choice reforms in, 140
market-run vs. state-run education and, 141–142
Muslim education and, 141
origins of, 140
parental expectations regarding, 140
privatization and, 394–396
public school choice concept and, 142
Roman Republic and, 141
school vouchers system and, 142, 197, 345
social expectations regarding, 140–141
tax-funded government schooling and, 140
Education Act of 1870 (Great Britain), xxxiv
Egalitarianism, 95, 155, 481, 508
The Ego and Its Own (Stirner), 298, 493–494, 513
Ehrlich, Paul, 464
Eichengreen, Barry, 214, 215
Eichman, United States v., 184
Eighteenth Amendment, Prohibition, 128, 399, 400
Einaudi, Luigi, xxxvi, 259
Eisenhower, Dwight D., 329, 499
Elements of Ideology (Tracy), 509
Elements of Newton’s Philosophy (Voltaire), 523
Ellickson, Robert, 285
Ely, Richard T., 16, 399
Emerson, Ralph Waldo, 142–143
abolitionism of, 142, 143
anarchism and, 143
Civil War and, 143
ethical individualism and, 142
free trade supported by, 143
political liberalism and activism of, 142–143
Transcendentalism and, 142
Eminent domain/takings, 143–144
“attribute of sovereignty” concept of, 143
Boom Co. v. Patterson and, 143
condemnation cases and, 143–144
definition of, 143
Richard Epstein’s work regarding, 154
5th Amendment, Takings Clause and, 143, 144
just compensation and “fair market value” and, 143
Kelo v. City of New London and, 144
kleptocracy and, 272–273
land transfer from one private owner to another and, 144
Lucas v. South Carolina Coastal Council and, 144
private property vs. government tyranny and, 144
regulatory takings and, 144
suing for “inverse condemnation” and, 144
urban planning and, 517–518