Naked Economics: Undressing the Dismal Science pdfdrive com

particle accelerator project, 89
patents, 16, 70–71
Pay It Forward, 109–10
payroll taxes, 65, 222–23
“pegged currencies,” 261
“pegged exchange rates,” 263
Penn State University, 127
Pennsylvania, University of, 127
Pepsi, 266
“perfect information,” 130
Perot, Ross, xviii–xix, 141, 142
“personal mandate,” 121–22
Peru, 294, 308
property rights in, 307
“perverse incentives,” 38
peso, Argentinian, 264–65
Pfizer, 16, 70, 313
pharmaceutical industry, 14, 70, 188, 312
Philip Morris, 62
piracy, 69, 159
Pittsburgh, Penn., 294
Pixar, 132
Pizza Hut, 276
poaching, 31–35
political freedom, 292, 321
“poll tax,” 55
pollution, 39, 57, 58, 67–68, 155, 298–99, 328, 329
in China, 204
in India, 91, 299
Pony Express, 192
population growth, 145–46
Port Lincoln, 48
Portney, Paul, 298
positive externalities, 61–62
positive-sum games, 165
Postal Service, U.S., 30, 85–86
Postlewaite, Andrew, 149
Postrel, Virginia, 51
pounds, British, 250–52
poverty:
bad government and, 68–69
birth rate and, 146
children and, 6, 106, 131–32, 218, 303
economic failure as cause of, 303
economic growth and, 134–35
as economic indicator, 217–18

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as economic indicator, 217–18
elderly and, 218
globalization and, 292
human capital and, 134–35
inevitability of, 150–52
policies needed in fight against, 302–24
policy choices for future of, 326–28, 331–32
race and, 132
rates of, 6, 131–32, 134, 217–18
poverty line, 141, 217
Powell, Jerome, Fed role of, 226, 230, 231, 232, 233
Powerball Lottery, 126
Prague, antiglobalization protest in, 276
preferences, 10
environmental issues and, 7, 297–99
wealth and, 7
president, U.S., “fast-track authority” and, 194
presumed consent, 81–82
price, 14, 15
resource allocation through, 22
supply and demand and, 18, 133
value and, 65
see also cost
price discrimination, 19, 71n Priceline, 20
price systems, xvii
Princeton, N.J., 189
Princeton University, 127
principal-agent problems, 41–46
prisoner’s dilemma, 46–47
private costs, 58, 65
private sector:
government use of, 86–87
see also markets
private security firms, 76–77
privatization, of public resources, 48
Proceedings of the National Academy of Sciences, 185
productivity, 282
definition of, 140
factors in, 140–41
human capital and, 140–42, 144, 309
outsourcing and, 142
relevance of, 140–42
of U.S. farmers, 49
productivity growth, 142–46
factors in, 144
future of, 325–26
investment and, 144
standard of living and, 142–43, 326
profit:
branding and, 124–25
maximization of, 13–17, 18, 19–20

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maximization of, 13–17, 18, 19–20
profit motive, 279
progressive taxes, 54
property rights, 48, 66–68, 69–72, 82, 95, 334
economic growth and, 306–8
as incentives, 308
prostate cancer, 114, 116–17
prostitution, 21
protectionism, 16–17, 188, 285–87, 313–14
“psychic benefits,” 11
psychology, 173
public goods, 75–77, 83
public health, 321
public transportation, 23, 40
Puerta Vallarta, 293, 295
Puerto Rico, 188
purchasing power parity (PPP), 253, 254–56
Quayle, Dan, 198–99
quotas, 16
race, poverty and, 132, 218
racial discrimination, 111–13
racial profiling, 128–30
rain forests, 33
RAND Corporation, 115