Lindblom - The Market System - Afghan Journalists' Committee

Index 295Peacekeeping: as coordination, 20;resolution of conflicting aspirations,45; and scarcity, 46; as politicalprocess, 46–47; trade versusviolence, 47; class conflict,48; in communist systems, 48;and quid pro quo, 48Performances and objects, relatedto services and commodities, 89,90Personality and culture: gender differences,193; questionable profiles,193–95; determinants of,195–96; materialism questioned,197–98; commercialism,197–99; pursuit of money, 198–99; and instrumentalism, 200–203; degradation of labor, 203–4;and wealth, 208–9; admirablepersonality traits, 209–10; complexityand overload, 209–10Physical planning: definition, 7;and freedom, 179; obsolete, 265Planning. See Central planningPlato, 29, 195, 222Polybius, 29Prices: as measure of cost, 132–34;arbitrary, 134, 138, 155–60; efficiencyprices, 134–39, 160; stateprice setting, 157–60; subsidized,158–60; in central planning,269–71Prior determinations: defined, 169;usually compulsory, 169–70;contrasted with market determinations,170; through inheritance,171; causing inefficientmarket results, 171–75; not efficient,172; persistence of, 175–76; economists on, 284–85Private enterprise: alternatives to,9, 79–81Property rights: required in marketsystem, 53; unequal distributionof, 81; divorced from control,81–82; and entrepreneurial authority,242; disputes over, 281Purposes, of market system,denied, 40Rousseau: on “capturing volitions,”22Rules and authority, 30–31Ruskin, John, 193Sales promotion: as elite control ofmass, 70; and irrationality, 160;and freedom, 189; and instrumentalism,203; and circularity,214–15; informative, 216–17;assault on the mind, 216–21Savings-and-loan industry, 70, 282Scarcity, 32–34, 90–92Schattschneider, E. E.: on the“heavenly chorus,” 222Schumpeter, Joseph: on ignoranceand irrationality, 73–74; on“manufactured will,” 222Scope of market system. SeeDomain of market systemSmith, Adam: on “hidden hand,”3; laissez-faire, 8; on mutual adjustment,29–30; on wealth, 123;on division of labor, 127; on personalityand culture, 193; onethics, 208Socialism: democratic, 1; ideology,3; central planning, 6–7; physicalplanning, 7; on forms of enterprise,79–80; privatization,229, 279Spencer, Herbert, 195Spillovers: benefits and costs of,147, 149, 152–53; as obstacle toefficiency, 147–53; of enterprises,148, 149; and technology,148–49; predicted disaster, 148,284; and freedom, 151, 186; statepolicy on, 151, 254; in communistsystems, 152