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Naked Economics Undressing the Dismal Science ( PDFDrive )
EPILOGUE
“Out of Sight, Out of Mind,” The Economist, May 18, 2001. Denise Grady, “In Quest to Cure Rare Diseases, Some Get Left Out,” New York Times, November 16, 1999. Anthony Lewis, “A Civilized Society,” New York Times, September 8, 2001. Phred Dvorak, “A Puzzle for Japan: Rock-Bottom Rates, but Few Borrowers,” Wall Street Journal, October 25, 2001. Simon Johnson, “The Quiet Coup,” The Atlantic, May 2009. Mark Whitehouse, “Politics Plays Part in Achieving Rich-Nation Status,” Wall Street Journal, May 16, 2011. Francis Fukuyama. “The End of History?” The National Interest, no. 16 (Summer 1989). Mark Whitehouse, “Politics Plays Part in Achieving Rich-Nation Status,” Wall Street Journal, May 16, 2011. Acknowledgments M any waves of people have helped to bring this project to fruition, almost like a relay race with fresh legs pushing me toward the finish line at every stage. In the beginning, Tifanny Richards was a strong believer that there would be a market for an accessible book on economics. Her wonderful encouragement moved this book off the starting line. Tabitha Griffin brought the project to W. W. Norton, something for which I will always be grateful. Then came the second leg. When Tifanny and Tabitha went on to other opportunities, I was fortunate to end up in excellent hands once again. Tina Bennett is everything that one could hope for in an agent: smart, supportive, and always interested in new ideas. Meanwhile, I was lucky to have Drake McFeely take on the task of editing the book. Who knows how the man can find time to run the company, edit books, and cavort with Nobel Prize winners, but he does and I am a beneficiary of his experience and judgment. Of course, Eve Lazovitz is the one who made Drake’s trains run on time for the first edition, albeit with a delicate touch. Jeff Shreve was a kind but stern taskmaster for the second edition. Without their support (and deadlines), this book would still be an unfinished manuscript scrawled on legal pads. Nat Dennett has now stepped into those shoes and done a great job bringing the third edition to fruition. Mary Ellen Moore and Danielle Kutasov offered excellent research assistance, finding the facts, figures, and anecdotes that had eluded me. Three accomplished economists were kind enough to take time from their busy schedules to read the first edition manuscript and make helpful comments: Burton Malkiel, Robert Willis, and Kenneth Rogoff. These three men are giants of the profession, and each had many other things that they might have done with their time. Robert Johnson was kind enough to read the international with their time. Robert Johnson was kind enough to read the international economics chapter that was added to the second edition. I appreciate his willingness to share his expertise on the topic. I owe a debt to my former editors at The Economist. John Micklethwait was generous in allowing me to disappear for a stretch while I finished the first edition of this book and was also willing to read and make comments on the finished product. I owe Ann Wroe credit for her clever subtitle. The fact that both John and Ann find time to edit one of the world’s great publications while also raising families and writing books of their own continues to be an inspiration. More recently, the Harris School of Public Policy at the University of Chicago and Dartmouth College have both offered me an intellectual “home” where I have the privilege of teaching great students and working on projects like this one. At the Harris School, former Dean Susan Mayer was a particularly enthusiastic supporter of my ongoing quest to make important academic ideas more accessible to the lay public. At Dartmouth, Bruce Sacerdote has been both a terrific intellectual companion and a great water-ski buddy. I also owe a different kind of debt. The vast majority of ideas I describe in this book are not my own. Rather, I am a translator whose work derives its value from the brilliance of the original, which in this case is centuries of work done by great thinkers. I hope this book reflects my enormous respect for that work. Last, I would like to acknowledge those who inspired my interest in the subjects that make up this book. I’ve made the case that economics is often poorly taught. That is true. But it’s also true that the discipline can come alive in the hands of the right person, and I was fortunate to work and study with many of them: Gary Becker, Bob Willis, Ken Rogoff, Robert Willig, Christina Paxson, Duncan Snidal, Alan Krueger, Paul Portney, Sam Peltzman, Don Coursey, Paul Volcker. My hope is that this book will help to transmit their knowledge and enthusiasm to many new readers and students. Index Page numbers listed correspond to the print edition of this book. You can use your device’s search function to locate particular terms in the text. abortion, 88–89 Abouali, Gamal, 133–34 absolute advantage, 281 Acemoglu, Daron, 305 acid rain, 60–61 adverse selection, 37, 109–10, 113 Aetna, 117 affirmative action, xxi Affordable Care Act (ACA; Obamacare), 116–17, 121–22 Afghanistan, 82 Africa, 312, 313, 315, 320 AIDS in, 322 cost of AIDS drugs in, 71n future of, 331 governments in, 33, 324 poaching in, 31–35 trade and, 290 African Growth and Opportunity Act (2000), 290 “African tigers,” 331–32 age distribution, 222 agriculture, 49, 183–84, 187, 312 AIDS, 322, 332 AIDS drugs, 70 AIG, 164–65 air-conditioning, 126 airline industry, 16–17 effects of deregulation on, 24 price collusion in, 74 price discrimination by, 19 airline safety, 39 airline safety, 39 air pollution, 39–40, 57, 91, 155, 298 Akerlof, George, xviii, 110, 113 Alaska, 196 crab quotas of, 93 “all else equal,” 260 Alsan, Marcella, 312 altruism, 9 Alzheimer’s, canine, 313 American Airlines, 17 American Bar Association, 91 Download 1.74 Mb. 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