348
Marx, Karl 21, 45, 57, 66, 67, 68, 89,
100–05, 261
Capital 42, 88, 102, 106, 144
Communist Manifesto 20, 46, 88,
102, 104, 222
creative destruction 148, 149
labor theory of value 89, 106
on socialist economy 144
Marxism 147
Maskin, Eric 273
mathematics 89, 110, 120–23, 152,
153, 210, 279
Mauss, Marcel 166
McCulley, Paul 298
McKenzie, Lionel W 123
McKinnon, Ronald 252
Meade, James 137
Means, Gardiner 152, 168–69
measurement, economic 19,
36–37
Medici Bank 18, 27
Menger, Carl 62, 88, 114, 116, 124,
147, 335
mercantilism 18, 19, 34–35, 42, 58,
68, 82, 102, 228
merchant banks 27–28
Merton, Robert C. 264
Mesopotamia 26
microeconomics 152, 153
Milgrom, Paul 294
Mill, John Stuart 88, 95 , 126, 132, 136
on economic man 52–53
on happiness 216
on monopolies 94–95, 97
on poverty 140, 141
Miller, Nolan 116, 117
Minsky, Hyman 26, 260, 261,
298–301
Mises, Ludwig von 74, 75, 147 , 170, 185
on central planning 144–47
on labor division 66
on prices 133
on socialism 22, 89, 175
Mishkin, Frederick 204
Modigliani, Franco 204–05, 247
monetarism 184, 196–201, 222, 260
money 24–25, 75
circulation of 40–45
markets 113, 301
quantity theory 30–33, 198, 200
supply 18, 147, 152, 184, 196–201
monopoly 70, 92–97, 129, 132,
147, 221
price discrimination 180, 181
Smith on 58, 88
Moore, Henry 170
moral hazard 208, 209, 321
morality, and markets 22–23
Morgenstern, Oskar 114, 194, 237,
274
Mortensen, Dale 304, 305
mortgages 298, 299–300, 330–31
subprime 265, 300–01, 324, 330,
331
Müller-Armack, Alfred 222–23
Mun, Thomas 18, 35 , 228
Mundell, Robert 185, 252–54, 270,
271
Murphy, Kevin 326
Muth, John 244–47, 276
Myerson, Roger 294N
Nash, John 90, 91, 184, 236–40,
294
national income accounting 36, 42,
44–45, 216–17, 310–11
Navarrus (Martín de Azpilcueta) 31
neoliberalism 177, 187
New Deal 153, 184
Nixon, Richard 186, 187, 199, 260,
262
Nordhaus, William 306–09
Nordic model 223
North, Douglass 166, 206–07,
328
North, Dudley 34
Northern Rock 320
Nurske, Ragnar 190, 191, 336O
Obstfeld, Maurice 292, 322
Offer, Avner 166, 167
Ohlin, Bertil 82, 84, 312
oil industry 193, 260
oligopoly 70
Olson, Mancur 82, 85
OPEC 71–72, 73, 185, 260
opportunity cost 89, 133
option pricing model 264–65ordoliberalism 222
Oswald, Andrew 216, 219
overproduction 74–75, 78, 79,
104
Owen, Robert 78PQ
Pantaleoni, Maffeo 131
paper money 24, 25
Pareto, Vilfredo 60, 88, 120, 122, 131 ,
144
Pareto efficiency 89, 130–31, 212–13
patents 46, 47
Patinkin, Don 165
Perrotti, Roberto 326
Pettit, Nathan 136
Petty, William 18, 36–37, 39, 42, 106
Phelps, Michael 305
Phillips, Bill 202–03, 221
Phillips Curve 185, 200, 201
physiocrats 19, 39, 42–45, 51, 61, 62,
65
Pigou, Arthur 157, 220, 299, 336
on pollution tax 89, 137, 306, 308
on price discrimination 180, 181
Pissarides, Christopher 304, 305,
339
planned economy 102, 105, 153,
174–75, 176, 184, 232–33
Plato 18, 20, 66, 67
Poincaré, Henri 278
Polanyi, Karl 136, 153, 166–67
pollution 89, 137, 306, 308, 309
Polo, Marco 24
Ponzi schemes 298, 300, 301
poor countries 185, 308
debt relief 314–15
dependency theory 242–43
economic growth 224–25
population 36, 51, 68–69, 190, 256
poverty 140–41, 152, 156, 157, 261,
327
Prebisch, Raúl 124, 242, 243
Prescott, Edward 260, 276–77
price 88–89
and competition 90, 126–29
discrimination 180–81
and economic bubbles 98–99
elasticity 64, 124
inflation 30–32INDEX