Naked Economics: Undressing the Dismal Science pdfdrive com

Random Walk Down Wall Street, A (Malkiel), 155
“rational addiction,” 27
“rational discrimination” (statistical discrimination), 112
Reagan, Ronald, 83
Reagan administration, 291
Reagan era, 99–100
real, Brazilian, 264
real estate, 28, 43–44, 166–68
real estate agents, 45–46, 167–68
real exchange rate, 254n
recessions, 103, 209–14, 219, 224, 244, 251, 264, 330
causes of, 208–13
Federal Reserve and, 229
international, 212
spreading of, 208–13
of 2001, 208
of 2007, xxiii, 103, 137, 147, 180, 208, 209–13, 216, 222, 260, 276
regressive taxes, 54, 288
regulation, 72–73, 90–96, 144, 188, 331
comparative levels of, 95
cost of, 90–91, 106–7
as counterproductive, 95–96
economic growth and, 308–9
economics of, 187
special interest groups and, 94

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special interest groups and, 94
structure and, 92–93
see also deregulation
renminbi, Chinese, 254, 256, 273
“rent-a-cops,” 76
Republican Party, xxii, 89, 122, 193, 275, 291
research, 70, 76, 89, 144
resource allocation, 150, 283
central planning and, xvii, 88–89
by government, xvii, 88–90
by markets, 6, 13–14, 22, 88–89
resources:
communal, 32
maximizing value of, 32
privatizing of, 48
see also natural resources Resources for the Future, 298
Revenge of the Nerds, 147
Revolutionary War, 243
rhinoceros, black, 31–35
Rise and Fall of American Growth, The (Gordon), 143
risk:
insurance against, 158–63
reward and, 176–78
in U.S.-China interdependence, 273–74
Robert Taylor housing projects, 300
Robinson, James, 305
Rodriguez, Alex, 6
Rodrik, Dani, 324
Rogoff, Kenneth, 265
Romer, Christina, 209, 215, 224, 247
Romer, David, 314
Romney, Mitt, 122
Roosevelt, Franklin D., 209
Rosen, Sherwin, 15
Rostenkowski, Dan, 184, 188
Rouse, Cecilia, xxii–xxiii
Rubin, Robert, 192
ruble, Belorussian, 239
rule of law, 73
rule of 72, 143
rules of thumb, 26
rural America, 237, 310–11
Russia, 266, 316
civil code of, 308
see also Soviet Union
Rwanda, 33
Ryan, Katherine, 294
Sachs, Jeffrey, 92, 292, 311–13, 315, 322, 324
Sacramento, Calif., homeless in, 135
safaris and tours, 32–33

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safaris and tours, 32–33
safety net, 106, 191–92
salary, derivation of word, 235
S&P 500, 171, 175
Sara Lee, 124
Sarkozy, Nicolas, xix, 207
Saudi Arabia, 140, 281, 282, 320
saving, 175–76
savings rate, 53, 221–22
Scandinavia, underground economy in, 52
scarcity, price and, 21, 133
Scheve, Kenneth, 285, 286
Schumpeter, Joseph, 49, 191
Science, 48
Seattle, Wash., xix, 183, 193, 289, 294
Securities and Exchange Commission (SEC), 72–73
security firms, private, 76–77
self-interest, 4, 24, 35, 37, 44–45, 46–47
see also incentives
“self-sufficiency,” 313
Seminary Townhouse Association, 194
Sen, Amartya, 79, 207, 318
Senate, U.S., 12
Armed Services Committee of, 90
September 11, 2001, terrorist attacks of, 82, 128–29, 130, 208, 209, 225, 226, 322
service stations, 24
Shakespeare, William, 73, 158
Shaw, George Bernard, 6
Shiller, Robert, 172–73
short-term displacement, 283
Sierra Club, 92
“signals” of quality, 126
Silicon Valley, 87, 311
Singapore, 146, 201, 213, 291, 304, 311
“sin taxes,” 53
Slaughter, Matthew, 285, 286
sleeping sickness, 312, 313
sludge hauling, 152
Smith, Adam, xviii, 4, 35, 49, 165, 293
smog, 155
smokers:
economic benefits derived from early deaths of, xvii, 62
teenage, 12
smoking, 27
social costs, 58, 65
social health index, 206
“social report cards,” 206
Social Security, xvii, 53, 62, 78, 218, 222–23, 332
soft currencies, 265–66
Solow, Robert, 133
Somalia, 74, 320

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Somalia, 74, 320
Sorlien, John, 47
Soros, George, 250–52, 260, 263
South Africa, Republic of, 24, 71n, 290
South America, 21
South Asia, 324
Southern Mississippi, University of, 8
Soviet Union, 22, 266
collapse of, xvii
joke about economy of, 83–84
resource allocation in, xvii, 88–89
see also Russia
soybeans, 125
space program, 88, 325
Spain, 81
special interest groups, 94, 182–97, 319
campaign finance reform and, 197
Congress and, 183–88
maintenance of status quo sought by, 191–94
occupational licensure sought by, 190
the people as, 194–95
small size as advantage for, 187, 197
trade and, 192–94
see also subsidies
specialization, 281–82, 286–87
speculation, 163–65, 171–72
Spence, Michael, 110, 126
Spencer, Daryl, 48
Spielberg, Steven, 49
Spieth, Jordan, 321
Spotify, 69
Springsteen, Bruce, 136
Stalin, Joseph, 294
standard of living, 4, 278
happiness and, 205–6
human capital as measure of, 139–41
natural resources and, 140
productivity growth and, 142–43, 309–10, 326
Starbucks, 41, 42, 160, 278, 294
start ups, bureaucracy and, 95
“state leadership,” 313
Stewart, James, 211–12, 246n Stigler, George, 94, 188, 190
Stiglitz, Joseph, 110, 119, 207
stimulus bill, of Obama administration, see American Recovery and Reinvestment Act (2009) stock
analysts, 169
stock market, 208, 268
day trading in, 181
diversification in, 162–63, 171, 178–80
efficient markets theory and, 169–75