The Economics of Enough_ How to Run the Economy as if the Future Matters - Diane Coyle [147]
18 The figure is from Ocean Tomo, http://www.oceantomo.com/productsandservices/investments/indexes/ot300value.
19 Measures of Australia’s Progress, http://www.abs.gov.au/AUSSTATS/abs@.nsf/mf/1383.0.55.001?opendocument#from-banner=LN.
20 See overview in http://www.athenaalliance.org/apapers/MeasuringIntangibles.htm and Corrado et al. (2006); Haltiwanger, Haskel and Robb (2009).
21 http://www.bea.gov/scb/pdf/2009/01%20January/0109_innovation.pdf. Accessed 10 December 2009.
22 http://www2.sims.berkeley.edu/research/projects/how-much-info-2003.
23 Andersen (2009).
24 Shirky (2008).
25 Sahlins (1972) and Hyde (1983).
26 “U.S. Productivity Growth, 1995–2000,” McKinsey Global Institute, October 2001.
27 http://unstats.un.org/unsd/demographic/sconcerns/tuse.
28 http://www.bls.gov/tus/ for the United States, http://www.statistics.gov.uk/statbase/Product.asp?vlnk=9326 for the United Kingdom, and http://www.abs.gov.au/Ausstats/abs@.nsf/70e266437a51906dca256820001438b9/bc152d785dd4b24fca256888001e548c!OpenDocument for Australia.
29 Australian Bureau of Statistics.
NOTES TO CHAPTER SEVEN
1 See for example Krugman (2009), Fox (2010).
2 See Coyle (2001).
3 Buchanan (2001).
4 Smith (1982), Plott (2001).
5 Hayek (1945).
6 Johnson and Kwak (2010), Baker (2010), Beck et al. (2010).
7 Letter to Isaac McPherson, 13 August 1813, quoted in Boyle (2009), 19.
8 Buchanan (1975).
9 Arrow (1971).
10 Mackenzie et al. (2007).
11 Ibid., 13.
12 Coyle (2009).
13 De Neve (2009).
14 Sandel (2009).
15 Ibid., 265.
16 http://news.bbc.co.uk/1/hi/in_depth/8347409.stm and http://www.globescan.com/news_archives/bbc2009_berlin_wall. Accessed 10 November 2009.
17 Peter M. Garber (1989, 1990, 2000).
18 Minsky (1992), 6–8.
19 See Beck et al. (2010).
20 This anecdote can be found in Seabright (2004, 2010) and is based on its author’s personal experience, but has attained the status of urban myth and can be found unattributed in many places online.
21 Bell (1976), Galbraith (1952, 1958), Hirsch (1976).
22 Manzi (2010).
23 Krugman (2002).
24 Bell (1976), 248.
25 The assumption of “unrestricted domain” in Arrow’s original formulation drives the “impossibility” result, so Sen’s contribution was to point out that aggregating social welfare requires the introduction of appropriate restrictions to the questions being debated.
26 Sen (1999 a, b).
27 Besley (2005).
NOTES TO CHAPTER EIGHT
1 Fukuyama (1992).
2 Spufford (2010).
3 Medema (2009).
4 Olson (1965).
5 The address continued: “From time to time we’ve been tempted to believe that society has become too complex to be managed by self-rule, that government by an elite group is superior to government for, by, and of the people. Well, if no one among us is capable of governing himself, then who among us has the capacity to govern someone else? All of us together, in and out of government, must bear the burden.”
6 OECD (2009).
7 Baker (2010).
8 Dunleavy and Hood (1994), World Bank (2000), Dunleavy et al. (2006); “The New Public Management and its Legacy,” The World Bank, (2000), http://www.mh-lectures.co.uk/npm_2.htm
9 Kay (2010).
10 Surveys of this literature include O’Flynn (2007), OECD (2001, 2003).
11 OECD (2003), 3.
12 Kamarck (2003).
13 Ibid., 7.
14 The study of the role, nature, and evolution of institutions in economic growth and economic behaviour.
15 The well-known difficulty of establishing correct transfer prices within big organizations illustrates how hard it would be for the transactions concerned to involve explicit prices in an external market.
16 For recent examples see Sowell (2007, 2008), Blond (2010).
17 Simon (1991).
18 An overview of their work is available in the 2009 Nobel citation and background paper http://nobelprize.org/nobel_prizes/economics/laureates/2009/sci.html. Accessed 8 June 2010.
19 Ostrom and Ostrom (2004).
20 Helpman (2004).
21 Thomas Jefferson, letter to Isaac McPherson, 13 August 1813, http://press-pubs.uchicago.edu/founders/documents/a1_8_8s12.html.
22 Andersen (2009).
23 Coyle (2003).
24 Johnson (2009);