349
search and matching theory 304–05
second best, theory of 220–21
self-interest 52, 53
Selten, Reinhard 236, 240–41
Sen, Amartya 140–41, 214, 219, 220, 257
entitlement theory 256–57
Shapiro, Carl 302
shares, see stocks and shares
Shiller, Robert 98
Shin, Hyun Song 325
Shleifer, Andrei 266, 326
shortages 232–33
signaling and screening 281
Simon, Herbert 52, 98, 247, 266
Singer, Hans 124, 242, 243
Sismondi, Jean-Charles 51, 78–79
Smith, Adam 45, 61 , 71, 75, 132, 148
on competition 90, 126, 129, 131
on division of labor 66–67
on economic man 52–53, 208
free market economics 56–61, 212
on international trade 83, 84, 228
on market forces 78, 156, 220
on monopolies 88, 96
on public goods 47
on taxation 270
on value 39, 63, 106, 110
The Wealth of Nations 351 50–51, 52.
56, 66, 74, 94, 166, 224
Smith, Yves 324
Smithson, Michael 248
social capital 280
social choice theory 214–15
social market economy 184, 222–23
socialism 22, 89, 153, 175, 260
planned economy 142–47, 232–33
socialist calculation 145
Solow, Robert 62, 224–25, 313
Sombart, Werner 148
South Korea 284, 285, 286, 287
Soviet Union 102, 146, 152, 260, 261
Spence, Michael 274, 281, 338
spending paradoxes 116–17
Sraffa, Piero 133
stagflation 201, 203, 271
Stalin, Joseph 152
statistics 19, 36, 37, 152
Stern, Nicholas 261, 306–07
Stevenson, Betsey 219
Stigler, George 70, 73, 116, 304–05, 337
Stiglitz, Joseph 219, 220, 228, 274, 338
on developing countries 85, 193
on screening 281
on taxes 64
on unemployment 161market price 22–23, 57–58, 145
and morality 18, 22–23
predatory pricing 96
price fixing 71–73
and quantity of money 32
sticky 303
supply and demand 108–13
Prigogine, Ilya 278
private property 18, 20–21, 176
probability 88, 248–49
property rights 207
prospect theory 269
protectionism 50, 51, 82, 85, 190,
192, 228, 242
Protestantism 138–39
public choice theory 60
public goods 19, 46–47, 285, 308
public limited companies 38
Putnam, Robert 280
quantitative easing 33
quantity theory of money 30–33
Quesnay, François 45 , 51, 62, 165,
216
on circulation of money 42–45
on land/agriculture 19, 39, 178
on self-interest 52
R
Ramsay, Frank 64
RAND Corporation 238, 239
rationality 50, 52–53, 60, 61, 88
rational choice theory 52–53
rational expectations 60, 198, 201,
244–47, 276, 303
see also irrationality
Rawls, John 215
Reagan, Ronald 199, 201, 260, 270,
271
recession 148, 149, 261, 303
redistribution 211, 326
reform, economic 328–29
Regnault, Jules 272
Reinhart, Carmen 290
religion 138–39
Ricardo, David 51, 64, 78, 84 , 124,
128, 140
on comparative advantage 312
on prices 110
Ricardian equivalence 76–77, 164
on trade 34, 82–83, 228
on value 106, 133
risk 115, 162–63, 248, 267
banking 27–28
Value-at-Risk (VaR) 262
Robbins, Lionel 133, 144, 146, 152,
171
Robinson, Joan 180–81
Rodrik, Dani 261, 339
on economic reform 328–29
on globalization 228, 229, 230–31
on inequality and growth 326–27
Rogoff, Kenneth 290, 322
Romans 20, 22
Romer, Paul 224
Roosevelt, Franklin D. 152, 153, 184,
321
Röpke, Wilhelm 222
Rose, Andrew 252, 255, 293
Rosenstein-Rodan, Paul 190–92, 284,
336
Rostow, Walt 190
Rothschild, Michael 129, 274, 281
Roubini, Nouriel 61, 321
Rowntree, Seebohm 140S
Sachs, Jeffrey 261, 314–15
Saint-Péravy, Guerneau de 62
Saint-Simon, Henri de 334
Sala-i-Martin, Xavier 326, 327
Samuelson, Paul A. 46, 120, 130
Samuelsson, Kurt 138
Saravia de la Calle, Luis 22
Sargent, Thomas 77, 201, 202, 246,
303
Savage, Leonard J. 115, 194, 248
savings 33, 75, 204–05
global imbalances 322–25
Say, Jean-Baptiste 51, 74 –75, 78,
270, 298
Scandinavia 223
Scarf, Herbert 210
Schelling, Thomas 236, 241
Schmookler, Jacob 313
Scholes, Myron 262, 264
Schultz, Theodore 39
Schumpeter, Joseph 58, 89, 97,
148–49, 313
Schwartz, Anna 198
science 36, 50, 56, 120, 185, 261INDEX