The Economics of Enough_ How to Run the Economy as if the Future Matters - Diane Coyle [143]
Above all, my love and thanks to my family, Rory, Adam, and Rufus, for putting up with me during the inevitable ups and downs of writing.
Responsibility for any errors and omissions rests with me.
NOTES
NOTES TO OVERVIEW
1 See for example Chancellor (2000) for a history of speculative bubbles and Reinhardt and Rogoff (2010) for more recent experience.
2 For a brilliant analysis of the epidemic nature of financial shocks, see Haldane (2009a).
3 See for example Nordhaus (1997), Crafts (2010).
4 Coyle (2003).
5 Barber (2009).
6 Schwartz (2004).
7 For example, Trajtenberg (1989), Hausman (1997, 1999).
8 Thomas Schelling (1978).
9 Sen (2009b).
NOTES TO CHAPTER ONE
1 Metamorphoses, Book 11.
2 Frank (1999).
3 Ramsey (1928), Dasgupta (2004).
4 Crafts (2004), Nordhaus (2001).
5 See my earlier books The Weightless World (1996) and Paradoxes of Prosperity (2001) for more on technology-induced structural change.
6 Meek (2009).
7 Ruskin (1860), 41–42.
8 Bronk (2009), 4.
9 Stern (2009), 12.
10 For example, Frank (1999), Layard (2005), James (2007).
11 Mill (1863).
12 For example, Blanchflower and Oswald (2004), Easterlin (1974), Easterlin and Nagelescu (2009), Frey and Stultzer (2002), Layard (2005), Stevenson and Wolfers (2008).
13 Trollope (1875), Fitzgerald (1925).
14 Collier (2007), Pralahad (2004).
15 Klein (2000).
16 The details can be found on the Friends of the Earth website. See for example http://www.foe.co.uk/community/tools/isew/templates/storyintro.html; accessed 17 June 2009.
17 http://www.grossnationalhappiness.com/.
18 http://www.neweconomics.org/gen/z_sys_publicationdetail.aspx?pid=289.
19 http://www.ssa.gov/history/reports/boskinrpt.html; accessed 6 April 2010. For a detailed discussion of these indicators, see Coyle (2001), 11–17, and Coyle (2009), 103–9.
20 Nordhaus (2002).
21 Sen, Stiglitz, and Fitoussi (2009).
22 OECD World Forum, http://www.oecworldforum2009.org/, http://www.beyond-gdp.eu/download/bgdp-summary-notes.pdf.
23 http://www.oecd.org/document/53/0,3343,en_40033426_40037349_43963509_1_1_1_1,00.html. Accessed 31 March 2010.
24 See for example Kropp (2009).
25 Australian Bureau of Statistics, Mapping Australia’s Progress, http://www.abs.gov.au/AUSSTATS/abs@.nsf/mf/1383.0.55.001?opendocument#from-banner=LN.
26 Layard (2005), 33.
27 The term was coined by Phillip Brickman and D. T. Campbell (1971).
28 Layard (2005), 48.
29 Haidt (2006).
30 Crafts (1999).
31 Johns and Ormerod (2007).
32 For example, Angus Deaton (2008); Betsey Stevenson and Juston Wolfers (2008).
33 Stevenson and Wolfers (2008), 3.
34 Inglehart et al. (2008).
35 Helliwell et al. (2010).
36 See Blanchflower and Oswald (2004), Frey and Stutzer (2002), Van Praag and Ferer-i-Carbonell (2004), Inglehart et al. (2008).
37 Sen (2009a).
38 Ibid., 275–76.
39 See Gilles Saint-Paul (2010) on the authoritarianism of the utilitarian-based approach to “happiness.”
40 Layard (2005), Wilkinson (2007).
41 Including Mihaly Csikszentmilhalyi (1990), Ed Diener and Robert Biswas-Diener (2008), Jonathan Haidt (2006) and Martin Seligman (2002).
42 Csikszentmilhalyi (1990), 9.
43 Diner and Biswas-Diener (2008), 131.
44 Ibid., 154.
45 Haidt (2006), 96.
46 Haidt (2006), 91.
47 The drugs are the selective serotonin reuptake inhibitors such as Prozac. Haidt writes: “Prozac is a way to compensate for the unfairness of the cortical lottery” (ibid., 43). He does not condemn the use of this class of drugs to tackle depression, although he points out that there are side-effects.
48 Ibid., 91–93.
49 Csikszentmilhalyi (1990), 11.
50 Haidt (2006), 175–76.
51 Positive psychologists Chris Peterson and Martin Seligman have listed the character strengths whose cultivation promotes virtue in this sense on the website