Index
aggregate supply function: Friedman on 119–20; Keynes on 118–19 aggregation 107, 168n5 anti-cyclical policy 31, 100, 133, 138, 142, 145–6 anti-trust law 51–2; see also competition ‘as if’ 22, 39–41, 52, 111, 136, 139, 159n13 Austrian 116, 171n3; interpretation of the Great Depression 54–5, 63–4, 100; see also liquidationists automatic stabilisers 7, 51, 65–6, 95, 97–8, 125, 146 banks (second-tier or commercial) 42, 43, 54, 56–8, 61, 64, 66, 87, 118, 123, 150, 161n24, 163n36, 163n38 banking panics 56, 58, 64 Becker, G.S. 17, 41 Bernanke, B.S. 54, 58, 90, 164n44 Bibow, J. 81, 143, 163n37 ‘big company’ 3, 5, 32, 34, 42–3, 48 Blinder, A. 164n44, 171n2 bottlenecks 27, 73, 94 Brechling, F. 30 Brunner, K. and Meltzer, A.H. 130 Buchanan, J.M. 52 buffer stocks: of commodities 94, 95, 136, 146; of money 110, 114–15 Calvo, G. 169n12 Capital Budget 16, 33, 45, 82, 93–4, 95–6, 168n29 capitalism 34, 35, 37, 40–1, 45–6, 49, 68–9, 150, 159n11; finance capitalism 164n47; ‘wisely managed’ 41 capture 44, 52, 66, 85; see also rent Carabelli, A. 21, 124, 169n8, 169n13; and Cedrini, M. 135, 136, 156n18, 169n8;
and De Vecchi, N.140, 141, 144, 153, 158n7, 166n14 causality: between monetary real and monetary spheres 111, 116; Friedman on 56, 162n35 central bank 42, 43, 46, 51, 58, 60, 64, 66, 85, 87, 106, 111, 123, 145, 159n17, 163n37, 171n5; see also monetary authority Clarida, R. et al. 83, 143, 169n7, 169n12, 171n5 Coase, R.H. 160n19 collective: body 3, 7, 33, 37, 42–4, 48–9, 73, 85, 140–1, 148, 151, 153, 166n14; rationality 3, 7, 41, 46–7, 52, 73, 82, 144, 148 competition: imperfect 36, 39, 118, 145, 158n3; perfect 39, 53, 119, 145; promotion of 50–1, 161n25, 169n12 confidence 39, 58, 60–1, 64, 92–3, 108, 110, 113, 134, 140, 158n6; in the economic climate 5, 55, 67, 80, 84, 118, 133, 135, 142; in institutions 3, 5, 7, 34, 50, 57, 67, 81, 94, 100, 149, 153 consumption function: Keynesian 6, 17–8; Keynes on the 18, 94, 95; permanent income hypothesis of 17, 41, 95, 111 conventions 3, 37, 81, 83, 109–10, 124, 134–6, 138, 140–1, 148, 150, 153, 169n8, 169n13 coordination 8, 39, 45, 150–1, 159–60n19; coordination failures 34, 104, 116–17, 10–12, 136, 161–2n30, 163n37 corporations 42–3, 44, 45, 49 counter-cyclical policy 30–1, 32, 66, 91, 95, 97–8, 100–1, 145–6 crisis 62–4, 67, 70, 1929 crisis 4, 54, 62; economic policy for times of crisis 67, 92, 139, 143, 149–51
