350
on wages 302
stocks and shares 19, 88
bull and bear markets 79
shareholders 168–69
stockbrokers 38
stock exchanges 19, 29, 38
stock market 88
Stone, Richard 36
Summers, Lawrence 266
supply 74–75, 270
and demand 51, 88, 89, 108–13,
121–22
supply-side economics 270–71
Sweezy, Paul 106
Syrquin, Moshe 178
T
Taleb, Nassim N. 248, 265,
298
tariffs 85, 229, 230
Taussig, Frank 180
tax 46, 50, 76, 220, 326–27
cuts and revenues 260, 270–71
fairness and efficiency 64, 65
havens 271
incidence 64–65
on pollution 137, 306, 308
Taylor, Fred 75, 144
Taylor, John B. 303, 322, 324
technology 60, 62, 69, 178, 179,
225
leaps in 313
and market integration 228, 229
Thaler, Richard 272
Thatcher, Margaret 201, 223,
260
Thom, René 278
Thornton, Henry 318
Thünen, Johann von 120
Tinbergen, Jan 336
Tobin, James 337
Todaro, Michael 338
trade 18–19, 50, 80–85
deficits 262
dependency theory 124,
242–43
free trade 19, 34, 35, 82
and geography 312
international 186–87,
228–31
trade unions 134–35, 160
Trajtenberg, Manuel 313
transport 229, 230
Trivers, Robert 273
Tulipomania 98–99
Turgot, Anne-Robert-Jacques 50, 51,
62, 63, 64, 65
Tversky, Amos 162, 194, 260,
266–69U
uncertainty 114, 208
decision making 194, 195, 248,
249, 267
and risk 129, 162–63
underconsumption 78,79
underemployment 75
unemployment 74, 75, 152, 219,
302
global 305
and inflation 185, 200–03, 246
involuntary 154–61
and job searches 304–05
natural rate 200–01
United Nations 184, 306, 308, 310
US 50, 85, 134, 187, 198, 264
deficit 262, 270, 322–23, 325
financial crises 51, 152, 318,
320–21, 324–25
housing bubble 300–01
USSR, see Soviet Union
utilitarianism 51, 120, 130, 214, 215
utility 52, 89, 130
expected 194–95, 248, 266
marginal 63, 88, 89, 114–15, 116,
110, 124
ordinal 130V
value 25, 51, 210
auctions 294
labor theory of 19, 36, 37, 89,
106–07, 110
opportunity cost 133
subjective theory of 63Value-at-Risk (VaR) 262
van de Walle, Nicolas 328
Veblen, Thorstein 89, 117, 136, 206,
335
Verdoorn, Petrus Johannes 132
Vickrey, William 294–95
Vishny, Robert 326
Volcker, Paul 272
von Neumann, John 114, 123, 194,
236, 237, 274
voting paradox 184, 214–15WY
Wade, Robert 285, 286
wages 58–59
efficiency wages 160, 161, 302
real 158–60, 303
sticky 303
Wagman, Barnet 310
Wall Street Crash 89, 152
Wallace, Neil 246, 303
Wallerstein, Immanuel 242
Wallis, John 328
Walras, Léon 120 , 131, 211
general equilibrium 44, 56, 60, 88,
113, 120–23, 130, 146, 210
on efficiency 232
Wanniski, Jude 271
Waring, Marilyn 261, 310–11
Washington Consensus 328, 329
Watt, James 50
wealth 19, 36–37
Webb, Beatrice 89, 134–35, 156,
157, 160
Weber, Max 138–39
Weber, Robert J. 294
Weingast, Barry 328
welfare economics 130–31, 176,
212–15, 220
welfare spending 140–41
well-being 52–53, 185, 217–19
Wieser, Friedrich von 89, 133, 335
Williamson, John 328, 329
winner’s curse 294–95
Wolfers, Justin 219
women 310–11
World Bank 140, 141, 228, 231, 284,
286, 314, 315, 327
World Wars 152, 153, 184
Yellen, Janet 156, 302INDEX