INDEX OF NAMES

Aglietta, Michel, 69, 81 Kinderlberger, arles, 32–34 Arendt, Hanna, 147 Krugman, Paul, 15, 88, Artus, Patrick, 98–99, 119–122, 101–104 154 Lindsey, Lawrence, 80 Bernanke, Benjamin, 80, 87, 92, Lippman, Walter, 13, 106 96–100 Lucas, Robert, 89 Buiter, Willem, 102, 142–143 Bonaparte, Napoleon,´ 77 Marshall, Alfred, 58 Brzezinski, Zbigniew, 107 Minsky, Hyman, 29–30, 39, 44, 60, 66, 111 Draghi, Mario, 93, 99–100 Dron, Dominique, 146 Orlean,´ Andre,´ 32, 69 Duhem, Pierre: 84 (AU : The Name ‘Duhem, Pierre’ is Piketty, Thomas, 27–29, 27–29 not cited in the Text) Polanyi, Karl, 69–70, 146 Poppe François, 9–10 Eucken, Walter, 14, 92 Popper, Karl, 58

Friedman, Milton, 15, 17, 58, 65–66, Reagan, Ronald, 8–11, 15, 30 85, 97, 136 Rockefeller, John Davidson, 79, 106–108 Geithner, Timothy, 56 Ropke,¨ Wilhelm, 14, 16 Graeber, David, 69–70, 75, 111 Greenspan, Alan, 2–3, 9, 39, 44, Simmel, Georg, 81 65–66, 102, 114, 116 Thatcher, Margaret, 9–11, 135 Hayek, Friedrich, 14–16, 65–66 Tirole, Jean, 57, 60, 69 Trichet, Jean Claude, 73, 83, 88–89, Issing, Otmar, 86–87 98–100 Triffin, Robert, 154 Jackson Hole, 89, 92, 100, 102, Tversky, Amos, 103–104 139–140 Volcker, Paul, 8–9, 32–34, 86 Kahneman, Daniel, 103–104 Keen, Steve, 44 Walras, Leon,´ 58–59 Keynes, John Maynard, 40–42, 44, Walmart, 20 72, 87, 99, 111, 114, 126–127, 136–137 Yellen, Janet, 92, 139–140

167 168 INDEX INDEX OF EVENTS INDEX OF TERMS

Central Banks Creation Asset-based economy, 38–42, 80, 94 Bank of England 1694, 77 Bank of France 1800, 77–78 Banking disintermediation, 37, 45 Federal Reserve 1913, 78–80 Bank run, 46, 154 Bundesbank N1957, 81–82 Barter, 69–70 ECB 1998, 82–83 Bilderberg, 106–108 China Admission to WTO 2001, 56 Crisis Capitalism, 3, 14, 22–24, 26, 34, 37, Developing Countries 1982, 32–34 53, 76 Junk Bonds 1989, 32–34 Capitalization, 21, 32–34, 78, 129, EMS1992, 32–34 130, 132, 134–135, 143 Emerging Countries 1997-1998, Central banks 32–34 central bank independence, 9, 16, Internet Bubble Burst 2000, 32–34 81, 82 Subprime Crisis 2007 2008, 32–34 England, 43, 46, 77 European Central Bank (ECB), 72, German Hyperinflation 1923, 81, 92 82–83, 86, 88, 93, 99, G30 Report: “Lessons from The 119–122, 151 Crisis” October 2015, 112 Federal Reserve, 2–3, 44–45, 72, 78–80, 91–92, 94, 108–109, Kansas City Federal Reserve 143–144, 155 Symposium France, 77–78, 92–93 2007, 95 Germany, 39, 53, 81, 92, 111, 151 2008, 102 Council on Foreign Relations (CFR), 2009, 97 105–106 2014, 100 Currency parity, 81 2015, 89 Debt Mont Pelerin Society 1947, 14 government debt, 1, 49, 56, 72, 98–99, 125–126, 151 Post –War Boom 1945-1975, 7–8, monetization, 139 73–74, 81 over indebtedness, 31, 145 Debt trap, 51–52 Stock Market Crash 1929-1932, 2, 92, Domino theory, 32–34, 67 94 DSGE (Dynamic Stochastic Global Equilibrium), 58, 87 US Great Depression 1929-32, 2, 92 Efficient markets hypothesis, 103–104 Walter Lippman Colloquium 1936, 13 Euthanasia of the rentier, 72 Wall Street, Black Monday, October 1987, 2–3, 32–34, 92 INDEX 169

Financial euphoria, 113–114, Moral hazard, 32–34, 71, 80, 93, 115 130–131, 133 Financial rent, 39, 81 Neoclassical (theory), 58, 87–89, FOMC (Federal Open Market 113–114 Committee), 80, 102, 141 Neoliberalism, 2, 9–10, 13–16, 25–34 NIRP (negative interest rate policy), General Equilibrium Theory (GET), 119, 126, 134, 143–144 17, 58 Globalization, 19–20, 30, 39, 108, 147 Offshore, 53, 155 Great Moderation, 88–89, 96–99 Ordoliberalism, 11, 13–17 Group of Thirty, 107, 112 Growing inequality, 26–30, 147 Plutonomy, 29–30

Homo economicus,2,59 Qualitative easing, 122 Quantitative easing (QE), 3, 61, Iatrogenic effect, 139 98–100, 119–123, 129, 135 Immortality, 73 Indebtedness, 30–31, 46, 49, 52, 127, Retirement pensions, 2, 134 145 ROE (return on equity), 21, 23–24

Key interest rate, 37, 44–45, 65, 82, Secular stagnation, 2, 23–24, 30 86–87, 91, 98, 119, 140 Securitization, 3, 37, 44–45 Self regulating economy, 44 Lender of last resort, 3, 66, 72, 77, 97, Specularity, 77, 96, 146 113–114 Speculative bubble, 2–3, 39–42, 80 Liquidity, 1, 46, 65, 66, 72, 79, 85, 92, Subprime, 3, 34, 44–45, 95, 127 99–100, 102–103, 119, 137–138, 143, 153 Tax havens, 55, 154–155 Taylor rule, 87 Mainstream, 56, 59, 103–104, 133, Too big to fail, 32–34, 71, 93 145, 153–154 Trickle-down theory, 30 Market crash, 2, 41, 92, 94–95 Trilateral Commission, 107–108 Methodological individualism, 58–59 Trust, 19, 70–73, 144–145 Modified duration, 131 Money Welfare State, 7, 22, 52, 108–109 aggregate, 28, 72, 85–86, 126–127 creation, 66–67, 138, 145 Zero bound interest rate, 1, 119–122 multiplier, 86, 98, 126 ZIRP (zero interest rate policy), 3, quantity, 66, 85 119, 126, 143–144 quantity theory, 137