346
financial engineering 260, 262–65
financial instability 26, 260, 261,
296–301
financial markets 260, 262–65, 300–01
Fine, Ben 280
firms 88, 184
and competition 94, 126–29
corporate governance 168–69
economies of scale 132
executive pay 168, 169
managers 152, 168–69
Fisher, Irving 30, 32, 198, 298
Fitoussi, Jean-Paul 219
Fleming, Marcus 185
Flood, Merrill 237, 238–39
Flood, Robert 261
Folbre, Nancy 310
Ford, Henry 302
Foster, Richard 148
Frank, Andre Gunder 185, 242,
243
Frankel, Jeffrey 252, 255,293
free market 50, 51, 54–61, 105,
131, 220
development policy 193
economic liberalism 174–77
equilibrium 118–23
failings 152, 261
free trade 19, 34, 35, 82
French Revolution 50, 51, 65, 75, 102
Friedman, Milton 199 , 260
definition of economics 171
on exchange rates 252
on free market 34, 60, 177
monetarism 184, 186–201, 222, 223
permanent income hypothesis 205
on Phillips Curve 202, 203, 221
quantity theory of money 30, 33
on unionization 135
Friedman, Thomas 231
Fries, Steven 232
Frisch, Ragnar 152, 153, 170, 336
Fudenberg, Drew 273
Fukuyama, Francis 174, 280
G
Galbraith, John Kenneth 140, 184, 337
game theory 184, 206, 234–41, 273,
294, 295
Garber, Peter 98, 99, 261
GATT 184, 187, 231
Gaucher, Renaud 339
gender 261, 310–11
George, Henry 39, 140
German Historical School 147
Germany 152, 184, 199, 222, 223,
319, 325
Giffen goods 89, 116–17
gift giving 166, 167
globalization 67, 135, 185, 226–31,
305
Godwin, William 68
gold standard 24, 25, 152, 186, 260
Goodheart, Charles 330–31
Gordon, David 276
government 60–61, 176, 177, 202,
203, 221
borrowing v. taxation 76–77
and climate change 308
in developing world 192, 193
intervention 51, 146, 152, 153,
174–75, 284–87, 303
non-interference 57
spending 19, 46, 47, 51, 140, 152–53,
164–65, 198–200
Grandmont, Jean-Michel 278
Granger, Clive 170
Great Depression 29, 152, 158, 186,
198, 229–30, 290, 298, 318
Greece 18, 46, 77, 82, 106, 290, 292
Greif, Avner 206
Gresham, Sir Thomas 274, 275
gross domestic product (GDP) 37,
216–19, 284, 310–11
Grossman, Gene 312
gross national product (GNP) 36
growth 45, 104, 224–25
Asian Tigers 284
endogenous growth theory 224,
225
and inequality 261, 326–27
modern 178–79
Smithian 59H
Hales, John 82
Hall, Robert 204, 247
Hamilton, Alexander 34
Hanifan, Lyda J. 280
Hansen, Alvin 204happiness 107, 130, 216–19
Hardin, Garrett 68
Harrod, Roy 224
Harsanyi, John 236, 240
Hayek, Friedrich 56, 57, 126, 129, 177 ,
260
on complexity 278
on markets 60, 153, 174–77, 185
on socialism 144, 146
on state interference 152
Heathcote, Jonathan 330
Heckscher, Eli 82, 84, 312
hedge funds 169, 321
hedging 263, 264
Hegel, Georg 102, 104
Helpman, Elhanan 312
Hicks, John 130, 156, 165 , 244
on elasticity 124
general equilibrium theory 120
ISLM model 153, 160, 165, 202
Hirschman, Albert 191
Hobbes, Thomas 37, 57
Hofmann, Boris 331
Holmes, Thomas 180
Homo Economicus 52–53
Hoover, Herbert 152
housing market 299–301, 324,
330–31
Hume, David 19, 30, 47 , 50, 57, 61
Hungary 232–33
Hurwicz, Leonid 240I
Ibn Taymiyyah 110
India 85, 309
Industrial Revolution 50, 51, 95, 132,
168, 179, 307
industrialization 50, 88, 178–79,
191–93
industry 102, 191, 285–87
inequality and growth 261,
326–27
inflation 30–33, 262, 276, 277
hyperinflation 152, 199, 290
monetarism 198, 260
stagflation 201, 203, 271
and unemployment 185, 200–03,
246
information 52, 61, 176, 208–09,
260, 272, 281INDEX