Index advertising 162 Age of Commerce 52 agent-based models 167 agriculture 45-7 Akerlof, George 160 American Economic

Association 101 animal spirits 118 Aquinas , Thomas 18 Aristotle 9-12, 15, 16-19 arithmetical ratio 64 Arrow, Kenneth 132, 149 Arrow-Debreu model 132-5 Austrian School 106, 167 "average man" 90 Averroes 15, 16

Bachelier, Louis 145 Bank of Sweden Prize 149 Becker, Gary 143, 149 behavioural economics 159 bell curve 147, 165 Bentham, Jeremy 67-70, 74 Black, Fischer 148 boom and bust 81 Bouchard , Jean-Philippe 169 Boulding, Kenneth 153 bounded rationality 159 Bratton Woods conference

121 business cycles 100, 122-5

cap-auction-trade system

155 capital 41 capitalism 13, 78-82, 132 capitalists 79-80 Carlyle, Thomas 65 Chicago School of

Economics 137, 141-2 Christianity 14, 16-18 Clark, John Bates 107, 109,

119 class revolt 82 classical economics 50 coins, earliest 4 Colbert, Jean-Baptiste 24 Cold War 150 communism 83-4, 132 comparative advantage 73 complexity science 166 Computable General

Equilibrium (CGE) models 135, 146

conspicuous consumption 109,

136, 162 Copernicus, Nicolaus 19, 26 Corn Laws 71-2 Cournot, Antoine Augustin 85,

92 crashes, proneness to 164-5 creative destruction 124

Daly, Herman 155-6 Dark Ages 13 Darwin , Charles 66 Debreu , Gerard 132, 149 debt 14, 114, 164 dialectical approach 83

Earthrise 152 ecological economics 157 economic growth , continuous

154 economics, definition 3 economies of scale 108 Edgeworth , Francis 97, 162 efficient markets 142, 144-7 "80-20 rule" 96, 161 Elizabeth I, Queen 23, 24 empire , rise of 22 Engels, Friedrich 78, 80 Enlightenment 29 entrepreneur 123 environment 152-8 equilibrium 99-100, 119, 129-

30, 132, 134

random variation around 145 ethics 14, 170 exchange, types of 11 exchange economy 52, 54 exponential growth 64

Fama, Eugene 144-5, 147 feminist economics 163 feudalism 16 Financephalograph 128 financial derivatives 148 financial engineering 148 Financial Instability Hypothesis

164 fiscal policy 138 Fisher, Irving 111-14, 123 Fisher equation 111-13 free-market ideology 141 free trade 38, 73, 156 Friedman , Milton 113, 126,

136-42, 149

Galbraith , John Kenneth 110 game theory 151 geometric ratio 64 Georgescu-Roegen, Nicholas

154 gold standard 121 Goldman Sachs 170 Graunt, John 43 Great Depression 114-15 Gresham, Thomas 37 "Gresham's law" 37 Gross Domestic Product

(GDP) 112, 121, 136

happiness, science of 162 harmonic mean 9 Harmony of the Spheres 6, 168 Harvey, William 45 Hayek, Friedrich von 105,

125-6, 149 hedonistic calculus 68 Hegel, Georg 83 Hicks, John 127, 149 Hobbes, Thomas 29-31, 40 Hume, David 31, 38, 53

individualism 35 Industrial Revolution 62 inflation 24, 72, 136

and unemployment

128, 138 information asymmetry 160 institutionalism 109 interest rates 36, 111, 125 International Monetary Fund

121 , 150 intrinsic value 144 invisible hand 58-9, 161 IS-LM model 127, 129-30 Islam 14-15

Jenkin , Fleeming 85 Jevons, William Stanley

86-92,99, 122, 144 Juglar, Clement 122

Kahneman, Daniel 159 Keynes, John Maynard 114-22,

125-7, 129-31 , 135, 138 Keynesian economics 119 Kitchin, Joseph 122 Knights Templar 16 Kondratiev wave 123 Kuznets , Simon 120, 149 Kuznets cycle 123