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By Root 1528 0

37–38; fairness and, 131, 135; globalization and, 131 (see also globalization); governance and, 173–77; happiness and, 27, 38, 42, 51; improvements in, 107–8; institutions and, 244–47, 257, 263; measurement and, 189–90, 194, 199–201, 206–7; nature and, 78, 82; posterity and, 88, 97–99, 102, 105–8, 112; public services and, 257; Soviet method and, 246; technology and, 107–8, 157–59, 268; trilemma of, 13–14, 230–36, 275; trust and, 156–59, 162, 166–67, 170, 174

property rights, 80, 174, 195–96, 261

Protestant work ethic, 13–14, 236

psychology: altruism and, 118–22; anomie and, 48, 51; anxiety and, 1, 25, 47–48, 136–38, 149, 174; behavioral economics and, 116–17, 121, 282; choice and, 10–11; coherence and, 49; commuting and, 47; conflict in relationships and, 47; Easterlin Paradox and, 39–44; face-to-face contact and, 7, 147, 165–68; freedom and, 237 (see also freedom); game theory and, 116–18, 121–22; gift economy and, 205–7; greed and, 26, 34, 54, 88, 129, 150, 221–23, 248, 277–79; happiness and, 9–12, 44–50 (see also happiness); lack of control and, 47; noise and, 47; paradox of prosperity and, 174; positive, 9–10, 49–50, 303n51; public choice theory and, 220, 242–45; rational choice theory and, 214–15; shame and, 47; Slow Movement and, 27–28, 205; thrift education and, 283–84, 294–95; well-being and, 137–43

Ptolemy, 274

public choice theory, 220, 242–45

Public Domain, The (Boyle), 196

public goods, 185–86, 190, 199, 211, 229, 249, 261

purchasing power parity (PPP), 306n19

Putnam, Robert, 140–41, 152–54

Quiet Coup, The (Johnson), 256–57

Radio Corporation of America (RCA), 195

Rajan, Raghuram, 136

Rank, Robert, 40

rational choice theory, 214–15

Rawls, John, 31

Reagan, Ronald, 93, 121, 127, 211, 240, 243, 247–48

recession, 9, 11–12, 275; happiness and, 22, 24, 41, 54; nature and, 55–56, 66; plethora of books following, 55; posterity and, 85, 88, 91–93, 100–101, 108, 110; recovery from, 3, 103; trust and, 182; values and, 209–10, 213, 222

reciprocal altruism, 118–22

reform, 8; benchmark for, 218; bankers and, 277–79; bonus taxes and, 278; collective assent to, 269; courage needed for, 203; first ten steps for, 294–98; health care, 285; improving statistics and, 271; institutions and, 245–48, 256, 285, 288–91, 296–97; nature and, 82–85; New Public Management and, 245–46; politics and, 287–88; posterity and, 98, 111–12; public sector, 288–90; trust and, 162–64, 176–77; values and, 218, 233, 275–78, 295

Reinhardt, Carmen, 111

religion, 10; happiness and, 32–33, 43, 50; nature and, 76, 78; Protestant work ethic and, 13–14, 236; trust and, 147

Renaissance, 7

retirement age, 94, 97–99, 106–7, 112

revalorization, 275

Road to Wigan Pier, The (Orwell), 56

Rodrik, Dani, 136

Rogoff, Kenneth, 111

Romantic Economist, The (Bronk), 28

Romanticism, 27

Rothschilds, 147

Rousseau, Jean–Jacques, 114

Royal Bank of Scotland, 146

runs, 1

Ruskin, John, 27–28

Russia, 97–98, 123; Cold War and, 93, 112, 147, 209, 213, 239; Iron Curtain and, 183, 239, 252; production targets and, 246; as Soviet Union, 228, 246

Saez, Emmanuel, 127, 129

salaries: high, 130, 143–44, 193, 223, 277–78, 286, 296; measurement and, 191–99; paradox of, 193; superstar effect and, 134; technology and, 2, 89

Sandel, Michael, 224–25, 237

Sarkozy, Nicolas, 37, 202, 274

satellite accounts, 38, 81, 204–6, 271

Satyam, 146

savings, 1, 280–82, 293; China and, 87, 94, 100, 108; necessary increasing of, 105–6; negative, 105; policy recommendations for, 280–84; posterity and, 86–87, 94, 98, 100–101, 105, 108, 112; thrift education and, 283–84, 294–95

savings clubs, 283

Schumpeter, Joseph, 14

Schwartz, Barry, 10–11, 40

Seabright, Paul, 148–49, 170, 213–14, 228

self-interest: fairness and, 114–22; greed and, 26, 34, 54, 88, 129, 150, 221–23, 248, 277–79; moral sentiments and, 119–20, 142, 221; nature and, 65; reciprocal altruism and, 118–22; values and, 214, 221

Selfish Gene, The (Dawkins), 118

Sen, Amartya, 18, 37, 43, 82, 202, 237, 274, 310n25

shame, 47

shareholders, 88, 145, 248, 257–58, 277

Silicon Valley, 166

Simon, Herbert, 249–50, 254,