Lindblom - The Market System - Afghan Journalists' Committee

294 IndexIgnorance and irrationality: (continued)promotion, 160; its many aspects,160–61; and freedom,188–89Incentives. See MotivationsIndividual versus collectivechoice, 190–91Inequality: and scarcity, 33; andclass conflict, 48; in history, 48;of power between entrepreneursand other market participants(see Elites); of income andwealth, 98–99, 112–14, 120–22,162, 236; available options, 162–63; versus inequity, 163; attitudestoward, 163–64; and freedom,187–88; and democracy,236, 248Information technology: and globalization,13. See also InternetInheritance, 121Instrumentalism, 200–203Intermediaries, 56International organizations, 241–42, 279Internet, 26, 71, 202, 219, 253“Iron law,” 67Kant on “tutelage,” 222Labor unions, 69, 83, 223, 247Liberty. See FreedomLiteracy, 212–13Locke on “insinuations,” 222Maine, Henry James Sumner, 195Marcuse, Herbert, 193Marginal cost, 131“Market forces,” 83Marketplace, 40Markets: distinguished from marketsystems, 4; in communistsystems, 4; history, 5–6; kindsof, 5–6Marx, Karl, 9, 57, 193, 195, 222Materialism, 86–87, 197–98Michels, Robert, 67Money, 55, 198–99Monopoly: as obstruction to controlof elites, 65–66; as obstructionto efficiency prices, 137,155–58; and innovation, 157;and freedom, 188; state policyon, 254Montesquieu, 28Motivations: not limited to economic,85–86; not materialistic,86–87; not commodities and services,89; of quid pro quo, 116–17, 143; efficiency of, 143–46;of entrepreneurs, 145–46, 165–66, 284; in mutual adjustment,146Multinational corporations: powerof, 240–41, 248; influence on internationalorganizations, 241–42Mutual adjustment: defined, 23;contrast with central coordination,23–25; and multilateralcontrol, 24–25; in language andmorals, 25–26; through Internet,26; in politics, 26–27; at a distance,27; in history of thought,27–30; efficient, 146; fundamental,276; biological, 280“New Economy,” 1Newton, Isaac, 29Nonprofit enterprise, 81Occupational free choice: defined,180–81; in communist systems,181; in democratic central planning,182; market system not requiredfor, 182; and freedom,183–84; in all central planning,266