capitalism

612 The Encyclopedia of Libertarianism
history of, 467–468
human being ownership and, 469
indentured servitude, apprenticeship, and
contract labor vs., 469
Thomas Jefferson and, 263
libertarian controversy regarding, 468
manumissions and, 468, 470
military conscription and convict labor vs., 469
“one drop rule” and, 468
plantation slavery and, 464–465
proslavery ideology and, 467–468
racism and, 411–412
serfdom vs., 469
slave rebellions and, 470
slave societies and, 469
sources for slaves and, 469–470
The Unconstitutionality of Slavery (Spooner), 489
William Wilberforce and, 544–545
See also Civil War, U.S.; specific individual
Smiles, Samuel, xxxi
Smith, Adam, 470–472
balance of trade doctrine and, 327
Jeremy Bentham and, 31
Edmund Burke influenced by, 43, 44, 95
capital fundamentalism concept and, 248
classical liberalism of, xxix–xxx
competition beliefs of, 84
discipline of continuous dealings concept of, 525
division of labor and extent of the market relationship
and, 125–126, 189, 471, 486, 537–538
economic life and public policies focus of, xxix–xxx
economic nationalism and isolation opposed by, 71
economic prosperity thoughts of, 120
Enlightenment philosophers and, 471
Adam Ferguson’s influence on, 177
free movement of labor, capital, money, and goods
advocated by, 71, 471
free trade and peace and economic progress and, 398
French laissez-faire school and, 72
harmony of interests concept of, 73
David Hume and, 230–231, 470, 471
Francis Hutcheson, 231
imperialism criticized by, 238
individual promoting good of society and, 93
“invisible hand” doctrine of, 71–72, 73, 95, 177, 219,
349, 361, 433, 462, 471, 491, 514
laws governing economic interaction and, 471–472
liberal class theory and, xxx
luxury defended by, 397
Robert Malthus influenced by, 72
market as self-regulating concept of, 471
mercantilism criticized by, 71, 326–327, 471
money as spontaneous institution, 338
monopolies as government-granted privileges and, 84
moral sentiment concept of, 138, 248, 315, 470–471, 472
natural harmony of interests concept and, 349
natural liberty advocated by, 71
political economy influence on, xxvii
private property concepts of, 472
rises in income projections of, 247
role of reason in human affairs and, 486
self-interest as motivator and, 424, 470–471, 472
social institution complex evolution concept
and, 219, 240, 471–472
sociology founded by, 481, 482
spontaneous order work of, 138, 240, 486–487
Stoicism influence on, 495
sympathy as moral sense and, 470
“system of natural liberty” concept of, 68, 71, 350
tariffs and trade restraints denounced by, 71
“the natural progress of opulence” concept of, 397
The Theory of Moral Sentiments written by, 138, 315,
470–472, 495
Treatise of Human Nature (Hume) and, 231, 470
Ann-Robert-Jacques Turgot and, 515
Voltaire and, 471
voluntary contract enforcement and, 525
war condemned by, 374
wealth creation and distribution process and, 176, 189
The Wealth of Nations written by, 71, 120, 125, 138, 147,
189, 238, 326, 349, 379, 393, 450, 471–472, 537
Smith, Bradley, 106
Smith, Gerrit, 1, 102
Smith, Sydney, xxix
Smith, Tara, 413, 436
Smith, Thomas Southwood, 377
Smith, Vernon, 343, 406
Social Choice and Individual Values (Arrow), 405
Social contract. See Contractarianism/social contract
The Social Contract (Rousseau), 181, 444, 445
Social Darwinism, 472–474
cooperation of individuals and, 474
division of labor and social interdependence and, 474
fitness term and, 472
genetics and, 204–206
market vs. biological competition and, 473–474
regimes of status to regimes of contract
progression and, 472
Herbert Spencer and, 472–473
William Graham Sumner and, 472–473, 497
“survival of the fittest” doctrine and, 472–473
Social holism, 239–240
Socialism, 474–476
Australian School criticism of, 474–475
Bookchin’s anarcho-communism and, 475
capitalism vs., 474
collective ownership of wealth concept and, 273
collectivism and, xxxvi, 78–79
communism and, 81–84
concept emergence and, xxvi
decentralization vs. centralization and, 474
decentralized, council-based model of, 475