Can Capitalism Survive?

Benjamin A. Rogge
Rogge, Benjamin A.
Display paragraphs in this book containing:
First Pub. Date
Indianapolis, IN: Liberty Fund, Inc.
Liberty Fund, Inc.
Pub. Date
Collected essays.

1. Joseph A. Schumpeter, Capitalism, Socialism, and Democracy, 3rd ed. (New York: Harper & Row, 1962), p. 61.

2. Paul A. Samuelson, "Joseph Schumpeter," Newsweek, April 13, 1970, p. 75.

3. Schumpeter, Capitalism, p. 68.

4. Ibid., p. 67.

5. Ibid., p. 110.

6. Ibid., p. 75.

7. Ibid., p. 99.

8. Ibid., p. 144.

9. Jose Ortega y Gasset, Revolt of the Masses (New York: Norton, 1932).

10. Schumpeter, Capitalism, pp. 138-9.

11. Ibid., p. 147.

12. Ibid., p. 154.

13. Ibid., p. 161.

14. Ibid., p. xi.

15. Adam Smith, The Wealth of Nations (New York: Modern Library, 1937), p. 326.

Part II

16. Richard La Piere, The Freudian Ethic (New York: Duell, Sloan, and Pearce, 1959) p. 166.

17. Mark Holloway, Heavens on Earth: Utopian Communities in America 1680-1880, 2d ed. (New York: Peter Smith, 1966), p. 101.

18. John Humphrey Noyes, History of American Socialisms (1870), p. 43.

19. Ibid., pp. 54-55.

Part III

20. Adam Smith, The Wealth of Nations (New York: Modern Library, 1937), p. 79.

21. Ibid., p. 57.

22. Ibid., p. 423.

23. Ibid., p. 651.

24. Ibid., p. 581.

25. Ibid.

26. Ibid., p. 582.

27. Ibid., p. 587.

28. Ibid.

29. Ibid., pp. 587-88.

30. Ibid., p. 423.

31. Ibid.

32. Ibid., p. 425.

33. Ibid., pp. 27-28.

34. Ibid., p. 67.

35. Ibid., p. 78.

36. Ibid., pp. 121-22.

37. Ibid., pp. ix-x.

38. Ibid., p. 250.

39. Ibid., p. 128.

40. Ibid.

41. Ibid., p. 129.

42. Ibid., p. 651.

43. Adam Smith, The Theory of Moral Sentiments (Indianapolis: Liberty Fund, 1976), pp. 380-81.

44. John C. Bennett, Christianity and Communism Today (1960), p. 118.

45. Ibid., pp. 116-17.

46. Isaiah Berlin, Two Concepts of Liberty (1958), p. 10.

47. Thomas Aquinas, Summa Theologica, 2a, 2ae, quaestiao 66, art. 7.

48. Paul Samuelson, Economics, 6th ed., pp. 37-38.

49. George Stigler, "The Politics of Political Economics," in Essays in the History of Economics (Chicago, 1965), pp. 51-65.

Part V

50. Adam Smith, The Wealth of Nations (New York: Modern Library, 1937), p. 625.

51. Norman Maier, Psychology in Industry (New York: Houghton Mifflin, 1955), p. 6.

52. Joseph Tiffin, Industrial Psychology (New York: Prentice-Hall, 1952), p. 362.

53. Alfred Kuhn, Labor Institutions and Economics (New York: Rinehart & Co., 1956), pp. 594-95.

54. J. M. Clark in The Impact of the Union, ed. David McCord Wright (New York: Kelley and Millman, 1956), p. 364.

55. See listings in Roscoe Pound, Legal Immunities of Labor Unions (Washington, D.C.: American Enterprise Association, 1957); Sylvester Petro, The Labor Policy of the Free Society (New York: Ronald Press, 1957).

56. Edward H. Chamberlin, The Economic Analysis of Labor Union Power (Washington, D.C.: American Enterprise Association, 1958), pp. 41-42.

57. Adam Smith, The Wealth of Nations (New York: Modern Library, 1937), p. 128.

Part VI

58. Washington Post, July 28, 1971.

59. Steven Lustgarten, Industrial Concentration and Inflation (Washington, D.C.: American Enterprise Institute, 1975), p. 1.

60. Ibid., p. 36.

61. Here again Brozen is a useful source; see his "Concentration and Profits: Does Concentration Matter?" in Brozen, The Competitive Economy (1975).

62. Murray Weidenbaum, Government Mandated Price Increases: A Neglected Aspect of Inflation (Washington, D.C.: American Enterprise Institute, 1975), p. 3.

63. Joseph A. Schumpeter, Capitalism, Socialism, and Democracy, 3rd ed. (New York: Harper & Row, 1962), p. 99.

64. Adam Smith, The Wealth of Nations (New York: Modern Library, 1937), p. 651.

Part VII

65. Environment for Man: The Next Fifty Years, sponsored by the American Institute of Planners, ed. William R. Ewald, Jr. (Bloomington: Indiana University Press, 1967), p. 3.

66. Mitchell Gordon, Sick Cities: Psychology and Pathology (Baltimore: Penguin Books, 1963), p. 20.

67. Jane Jacobs, The Death and Life of Great American Cities (New York: Vintage Books, 1961), pp. 220-21.

68. Adam Ferguson, An Essay on the History of Civil Society, 1st ed. (1767), p. 187.

69. F. A. Hayek, "Individualism: True and False," in Individualism and Economic Order (Chicago: University of Chicago Press, 1948) pp. 6-8.

70. Ibid., p. 19.

71. See Leonard Read, "The Consistent Life," The Coming Aristocracy (Irvington, N.Y.: Foundation for Economic Education, 1969), pp. 142-49.

72. See Yale Brozen, "Minimum Wage Rates and Household Workers," Journal of Law and Economics, V (October 1962): 103-9.

73. Gunnar Myrdal, An American Dilemma (New York: Harper, 1944), p. 297.

74. Paul Samuelson, Economics, 7th ed. (New York: McGraw-Hill, 1967), p. 377.

75. Top of the News, 3 (July 10, 1961): 218.

76. Benjamin A. Rogge, unpublished manuscript.

77. Chicago Tribune, May 11, 1969, p. 2.

78. George Sternlieb, "The City as Sandbox," The Public Interest, 25 (Fall 1971): 17.

79. Martin Anderson, The Federal Bulldozer (Cambridge: MIT Press, 1964).

80. Jacobs, Great American Cities, pp. 4-5.

81. "Interrelations of Law and Economics: The Case of Stream Pollution," Ph.D. diss., Purdue, 1971.

82. See Part VIII, Chapter 1, below.

83. Dick Netzer, Economics and Urban Problems, (New York: Basic Books, 1970), pp. 143-4.

84. Netzer, Economics and Urban Problems, pp. 9-10.

85. Jacobs, Great American Cities, pp. 9-10.


86. The findings may or may not be relevant to elementary and secondary education. At the very least, this relevance would have to be established by a study specifically directed to those two stages in the educational process.

87. A study of various collections of data reveals that the revenues from tuition charges cover from 15 percent to 25 percent of the costs at publicly controlled institutions and from 45 percent to 55 percent of the costs at privately controlled institutions.

88. Adam Smith, The Wealth of Nations (New York: Modern Library, 1937), pp. 717-18.

89. Ibid., pp. 719-20.

90. Thus, Howard Mumford Jones of Harvard University writes, "It is a misleading function when the concept of learning is, as is too often the case, sacrificed to the concept of teaching; when, for example, adolescents are solemnly asked to rate mature scholars in terms of their entertainment value in the classroom, and an administration in turn seriously accepts these callow judgments as a factor in the keeping and promoting of scholars." Howard Mumford Jones, "The Service of the University," ACLS Newsletter, Winter 1956-57, p. 12.

91. George Stigler, "The Economic Theory of Education," unpublished manuscript.

92. One interesting reason for one advantage of the college graduate over the non-college person is to be found in the comment of an executive of one of the large steel companies. He says that his company hires so many college graduates each year in its executive development program, not because they have found college graduates to be clearly superior to non-graduates, but because the union rules on seniority prevent them from advancing the really good men from the work force into positions of responsibility. The same rules do not govern the young college graduates hired directly into the management group, and from this follows the company search for college graduates!

93. Thad L. Hungate, A New Basis of Support for Higher Education (New York: Bureau of Publications, Teachers College, Columbia University, 1957), p. 7.

Part IX

94. Adam Smith, The Wealth of Nations (New York: Modern Library, 1937), p. 423.

95. John Maynard Keynes, The General Theory of Employment, Interest, and Money (New York: Harcourt Brace, 1936), p. 383.

96. Ludwig von Mises, Human Action (Chicago: Henry Regnery Co., 1963), p. 864.

97. Joseph A. Schumpeter, Capitalism, Socialism, and Democracy, 3rd ed. (New York: Harper & Row, 1962), pp. 144, 137.

98. Henry David Thoreau, "Civil Disobedience," in Walden and Other Writings (New York: Modern Library), p. 645.

99. Ibid., p. 642.

100. See William A. Rusher, "Suite 3505: The Inside Story of How, When and Where the Goldwater Candidacy Was Conceived and Launched," National Review, August 11, 1964, pp. 683-86.

101. J. M. Keynes, The General Theory of Employment, Interest and Money (New York: Harcourt, Brace, 1936), p. 383.

102. F. A. Hayek, The Road to Serfdom (Chicago: University of Chicago Press, 1944), particularly the chapter on "Why the Worst Rise to the Top."

103. Tolstoy, War and Peace, Inner Sanctum ed., p. 193.

104. Larry Ruff, "The Economic Common Sense of Pollution," The Public Interest, Fall 1970, p. 74.

End of Notes

Top of File

Return to top