Lindblom - The Market System - Afghan Journalists' Committee

IndexAristotle, 28, 200, 204Assault on mind: by distraction,217, 287; by obfuscation, 217–18, 287; through corporate andgovernmental public relations,219–21; degradation of discourse,219; and circularity, 221–25; on democracy-market-systemconnection, 232Bacon, Francis: on “idols,” 22Barter, 54–55Behavior pattern, market systemas, 39–40Black markets, 51, 181Broadcasting, 213Burdens: defined, 127; and costs,128–29. See also CostCapital: markets for, 6; and “capitalism,”9, 57; creation of, 39,141; corporate accumulation of,63Carnegie, Andrew, 140Central planning: abandonment ofconventional, 1; history, 6; withand without efficiency prices, 7,269, 271; “indicative,” 229; inboth market and nonmarket systems,267–68; scope of, 268;through subsidies and taxes, 270;market system as instrument of,270–71; through sequential decisions,272; in household, 272–73Circularity: and inefficiency, 212;in market, 212, 214–16; inpolity, 221–25; in history ofthought, 222Civil society, 104–6Coincidence, first and second,54–56Collectives, corporations as,57–58Commercialism, 198–99Communist systems: abandoningplanning, 1; gangsterism, 2; marketsin, 4, 48, 271; black marketsin, 51; income distribution in,122; allocative inefficiency in,126, 138; spillovers in, 152; freedomsin, 181–82; personal relationshipsin, 202; degradation ofwork in, 204; ethics in, 204Competition, 40, 69, 156. See alsoMonopoly“Competition of ideas,” 212, 222,223Compulsions: in spillovers, 186; intransaction termination, 186; towork, 186–87; in inequality,187–88; of ignorance and irrationality,188–90; in sales promotion,189. See also Freedom;VoluntarismConflict: as source of coordination,20; versus trade, 47; of classes,48; in labor relations, 68–69. Seealso ElitesConsumer free choice: defined,181; in communist systems,181–82; in democratic centralplanning, 182; market systemnot required for, 182; contrastedwith consumer sovereignty,182–83; and freedom, 183–84; inall central planning, 265–66