The Economics of Enough_ How to Run the Economy as if the Future Matters - Diane Coyle [160]
Edinburgh University, 221
efficiency, 2, 7; evidence–based policy and, 233–34; fairness and, 126; Fama hypothesis and, 221–22; happiness and, 9, 29–30, 61; institutions and, 245–46, 254–55, 261; limits to, 13; nature and, 61–62, 69, 82; network effects and, 253, 258; productivity and, 13 (see also productivity); trilemma of, 13–14, 230–36, 275; trust and, 158–59; values and, 210, 215–16, 221–35
Ehrlich, Paul, 70
e-mail, 252, 291
“End of History, The” (Fukuyama), 239
Engels, Friedrich, 14
Enlightenment, 7
Enron, 145
environmentalists. See nature
European Union, 42, 59, 62, 162–63, 177, 219
Evolution of Cooperation, The (Axelrod), 118–19
“Evolution of Reciprocal Altruism, The” (Trivers), 118
externalities, 15, 70, 80, 211, 228–29, 249, 254
Facebook, 289
face-to-face contact, 7, 147, 165–68
fairness: altruism and, 118–22; antiglobalization and, 115; bankers and, 115, 133, 139, 143–44; behavioral econoics and, 116–17, 121; bonuses and, 87–88, 115, 139, 143–44, 193, 221, 223, 277–78, 295; capitalism and, 134, 137, 149; consequences for growth, 135–36; criticism of poor and, 142; democracy and, 141; emotion and, 118–19, 137; game theory and, 116–18, 121–22; government and, 121, 123, 131, 136; gratitude and, 118; growth and, 114–16, 121, 125, 127, 133–37; happiness and, 53; health issues and, 137–43; high salaries and, 130, 143–44, 193, 223, 277–78, 286, 296; inequality and, 115–16, 122–43; innate sense of, 114–19; innovation and, 121, 134; morals and, 116–20, 127, 131, 142, 144, 221; philosophy and, 114–15, 123; politics and, 114–16, 125–31, 135–36, 140–44; productivity and, 131, 135; Putnam on, 140–41; self-interest and, 114–22; social corrosiveness of, 139–44; social justice and, 31, 43, 53, 65, 123, 164, 224, 237, 286; statistics and, 115, 138; superstar effect and, 134; sustainability and, 115; technology and, 116, 131–34, 137; tit-for-tat response and, 118–19; trilemma of, 13–14, 230–36, 275; trust and, 139–44, 150, 157, 162, 172, 175–76; ultimatum game and, 116–17; unequal countries and, 124–30; wage penalties and, 133; well-being and, 137–43; World Values Survey and, 139
Fama, Eugene, 221–22
faxes, 252
Federal Reserve, 145
Ferguson, Niall, 100–101
financial crises: actions by governments and, 104–12; bubbles and, 3 (see also bubbles); capitalism and, 6–9 (see also capitalism); contracts and, 149–50; crashes and, 3, 28, 161, 244, 283; current, 54, 85, 90–91, 145; debt legacy of, 90–92; demographic implosion and, 95–100; goodwill and, 150; government debt and, 100–104; Great Depression and, 3, 28, 35, 61, 82, 150, 208, 281; growth debt and, 85–86; historical perspective on, 3–4; institutional blindness to, 87–88; intangible assets and, 149–50; intrusive regulatory practices and, 244; pension burden of, 92–95; as political crisis, 8–9; statistics of, 145; stimulus packages and, 91, 100–103, 111; structural change and, 25; total cost of current, 90–91; trust and, 88–89 (see also trust); weightless activities and, 150; welfare burden of, 92–95
Financial Times, 257
Fitzgerald, F. Scott, 33, 127
food shortages, 111
Forbes Rich List, 123
“For Richer,” (Krugman), 232
France, 27, 37, 123, 125, 202, 226, 274
Frank, Robert, 43
fraud, 146–47, 150, 248
freedom: of choice, 11; happiness and, 10, 13, 26, 42–44, 50–53; institutions and, 244, 262; of investors, 108; nature and, 79; philosophies of, 237; trilemma of, 13–14, 230–36, 275; values and, 237–38
free market, 14; fairness and, 121, 129; institutions and, 240, 243, 251; measurement and, 182–83; values and, 210–11, 218–24, 232
Fuggers, 147
Fukuyama, Francis, 239
Galbraith, John Kenneth, 190, 193, 230–31, 243
Gallup Poll, 66
game theory, 116–18, 121–22
Gardner, Howard, 48
Gaskell, Mrs., 131
Gates, Bill, 33
“G” countries, 162–65, 177
Gdansk, 239
General Social Survey, 140
Germany, 87, 89, 95, 97–98, 99, 112, 125, 280
gift economy, 205–7
Gini coefficient, 126
Glaeser, Edward, 128, 171
Glastonbury Festival, 197
globalization: call centers and, 131, 133, 161; cities and, 165–70; face-to-face