9 The Market Economy as Affected by the Recurrence of the Trade Cycle
The Role Played by Unemployed Factors of Production in the First Stages of a Boom
The Fallacies of the Nonmonetary Explanations of the Trade Cycle
CHAPTER 21 Work and Wages
1 Introversive Labor and Extroversive Labor
2 Joy and Tedium of Labor
3 Wages
4 Catallactic Unemployment
5 Gross Wage Rates and Net Wage Rates
6 Wages and Subsistence
A Comparison Between the Historical Explanation of Wage Rates and the Regression Theorem
7 The Supply of Labor as Affected by the Disutility of Labor
Remarks About the Popular Interpretation of the “Industrial Revolution”
8 Wage Rates as Affected by the Vicissitudes of the Market
9 The Labor Market
The Work of Animals and of Slaves
CHAPTER 22 The Nonhuman Original Factors of Production
1 General Observations Concerning the Theory of Rent
2 The Time Factor in Land Utilization
3 The Submarginal Land
4 The Land as Standing Room
5 The Prices of Land
The Myth of the Soil
CHAPTER 23 The Data of the Market
1 The Theory and the Data
2 The Role of Power
3 The Historical Role of War and Conquest
4 Real Man as a Datum
5 The Period of Adjustment
6 The Limits of Property Rights and the Problems of External Costs and External Economies
The External Economies of Intellectual Creation
Privileges and Quasi-privileges
CHAPTER 24 Harmony and Conflict of Interests
1 The Ultimate Source of Profit and Loss on the Market
2 The Limitation of Offspring
3 The Harmony of the “Rightly Understood” Interests
4 Private Property
5 The Conflicts of Our Age
VOLUME 3
PART 5 Social Cooperation Without a Market
CHAPTER 25 The Imaginary Construction of a Socialist Society
1 The Historical Origin of the Socialist Idea
2 The Socialist Doctrine
3 The Praxeological Character of Socialism
CHAPTER 26 The Impossibility of Economic Calculation Under Socialism
1 The Problem
2 Past Failures to Conceive the Problem
3 Recent Suggestions for Socialist Economic Calculation
4 Trial and Error
5 The Quasi-market
6 The Differential Equations of Mathematical Economics
PART 6 The Hampered Market Economy
CHAPTER 27 The Government and the Market
1 The Idea of a Third System
2 The Intervention
3 The Delimitation of Governmental Functions
4 Righteousness as the Ultimate Standard of the Individual’s Actions
5 The Meaning of Laissez Faire
6 Direct Government Interference with Consumption
7 Corruption
CHAPTER 28 Interference by Taxation
1 The Neutral Tax
2 The Total Tax
3 Fiscal and Nonfiscal Objectives of Taxation
4 The Three Classes of Tax Interventionism
CHAPTER 29 Restriction of Production
1 The Nature of Restriction
2 The Price of Restriction
3 Restriction as a Privilege
4 Restriction as an Economic System
CHAPTER 30 Interference with the Structure of Prices
1 The Government and the Autonomy of the Market
2 The Market’s Reaction to Government Interference
Observations on the Causes of the Decline of Ancient Civilization
3 Minimum Wage Rates
The Catallactic Aspects of Labor Unionism
CHAPTER 31 Currency and Credit Manipulation
1 The Government and the Currency
2 The Interventionist Aspect of Legal Tender Legislation
3 The Evolution of Modern Methods of Currency Manipulation
4 The Objectives of Currency Devaluation
5 Credit Expansion
