Abernathy, William J.

, 233

Act of creation

, 227

Adaptive flaws

, 137

Aeolipile

, 222

Air Canada

, 252

Ajzen, Icek

, 151, 167

Alger, Horatio

, 7, 20

Alpha quadrant

, 215

American GDP

, 3, 17, 84, 303, 311

Apple Inc.

, 99, 215, 256, 307

Aquinas, Thomas

, 26, 27

Arianna Huffington

, 289

Ariely, Dan

, 74, 86, 132, 134, 145, 198

Aristotle

, 26

Athreya, Karthik

, 61

Audretsch, A. B.

, 234

Austrian School

, 43, 58, 107, 175, 340, 349

Autocratic management

, 317

The average billionaire

, 8

Avoidance of reality

, 52

Bai Brands

, 235

Balogh, Thomas

, 45, 63

Bank for International Settlements

, 9

Baron, Jonathon

, 67, 68, 124

Battle of Waterloo

, 34

Batty, Michael

, 223

Baumol, William J.

, 278, 309, 310, 339, 348, 349, 350

Bayesian information processors

, 83

Bazerman, Max

, 82

Behavior directed paradigm

, 267

Behavioral assumption

, 47, 71

Behavioral economics

, 50, 53, 74, 111–125, 131, 132, 133, 134–141, 145, 146–149, 150–151, 156, 158, 163, 166, 176, 178, 182, 198, 284, 323, 343, 344

Behavioral Perspective Model

, 154

Beliefs and values

, 152, 167

Bernanke, Ben

, 15, 286

Beta quadrant

, 259

Bible of classical economics

, 305

Bitta, Della

, 154

Black box

, 21, 96, 97, 98, 268, 276, 338

Black Plague

, 32

Blackberry

, 252, 253, 255, 261

Blackboard economics

, 49

Blawatt, Ken R.

, ix, 201, 203, 280, 309, 343, 350

Blockbuster

, 255

Boettke, Peter K.

, 58, 59

Bounded rationality

, 44, 57, 115, 116, 117, 131, 133, 136, 139, 145, 158

Buffet, Warren

, 15, 75, 279, 306

Buffett, Warren

, 289

Bulmer, Don

, 167

Burke, James

, 227, 228

Camerer, Colin

, 67, 68, 81, 117, 138

Capital and labor

, 94, 234, 316

Capital Institute

, 285

Capitalism

, 21, 28, 58, 75, 86, 107, 278–281, 283, 294–297, 301, 307–311, 318

Carlzon, Jan

, 252

Carnegie, Andrew

, 26, 37

Castaldo, Joe

, 253

Catastrophically destructive

, 76

Ceteris paribus

, 42, 52, 61, 68, 81, 82, 85, 134, 163, 338

Chevrolet Vega

, 315

Child labor

, 36

Christensen, Clayton

, 231, 263, 264, 294

Clad in impressive mathematics

, 15

Classless innovator

, 94

Cloud technology

, 260, 274

Coase, Ronald

, 49, 98, 338

Co-brand

, 247

Cognitive biases

, 123, 131, 132, 140, 146, 150, 153, 164, 182

Cognitive dissonance

, 121, 122

Cognitive portrayals of choice

, 142, 164

Cognitive psychology

, 142, 143, 164, 165

Cognitive scientists

, 123

Cognitive theories

, 136

Coke

, 237, 239, 259

Colander, David

, 57

Collateralized debt obligations

, 12

Commodities

, 30, 86, 173, 237, 246, 251, 252, 340

Comparative advantage

, 20, 21, 35, 64, 65, 90, 99–102, 107, 116, 268, 341, 343

Competitive equilibrium model

, 58

Conscious capitalism

, 107, 316–320, 350

Conscious culture

, 318

Conscious leadership

, 318

Consumer buying behavior

, 146

Consumer economic activity

, 181

Consumer motivation

, 113, 197

Contrived free markets

, 267

Cornwell, Lynn

, 77, 78

Corporate capitalism

, 311

Cost–value

, 173–175, 185

Cost-benefit quadrant

, 209

Create a customer

, 173

Creative destruction

, 86, 107, 204, 276, 278, 314, 342, 349

Creative economy

, 221, 274, 281, 303–305, 307, 311, 312, 322

Creative powerhouse of a national economy

, 231

Creative system

, 221, 286

Crowdsourcing

, 229

Customer satisfaction

, 258

Dangerous belief system

, 69

Day, Ralph

, 186

Decentralization of power centers

, 223

Degenerative research program

, 56

Demand curve

, 35, 72, 73, 80, 83, 89, 96, 163, 175, 176, 268, 269, 271, 340, 344, 345, 347

Demand diffusion pattern

, 270

Demand forecasting procedure

, 272

Demographic change from aging

, 223

Denning, Steve

, 294, 303, 314

Derivative funding

, 16

Destructive social dynamics

, 295

Diffusion of innovation

, 220, 242

DiMauro, Vaness

, 167

Distribution of behavior over time

, 137

Distributive system

, 286

Dixon, Hugo

, 4

Donald Trump

, 294

Donaldson, Peter

, 75

Dorgan, Byron

, 289

Douglas, Michael

, 13

Dragonfly effect

, 240

Drucker, Peter

, 48, 54, 173, 223, 245, 317, 318

Economic behavior

, 12, 26, 27, 34, 44, 68, 83, 112, 113, 115, 117, 119, 121, 123, 131, 133, 137, 138, 139, 140, 141, 142, 143, 146, 151, 152, 157, 158, 164, 165, 169, 170, 175, 176, 177, 179, 185, 186, 193, 210, 337, 340, 344, 346

Economic belief system

, 21, 23

Economic decision making

, 116, 118, 131, 141, 145, 147, 156, 166

Economic intervention

, 79, 137

Economic motivation

, 29

Economic velocity

, 205, 211, 231, 275

Economic velocity model

, 275

Economics has become the modern religion

, 25

Edward, Albert

, 7

Effects of marketing

, 44, 198

Efficient market hypothesis

, 76

Endowment effect

, 118, 122, 127, 129, 147, 244, 328, 331, 335

Entrepreneur

, 90–95, 98, 200, 205, 206, 207, 211, 222, 231, 275, 276, 277, 280, 308, 309, 310, 319, 339, 341, 342, 348, 349

Entrepreneurial capitalism

, 311

Entrepreneurial disequilibrium

, 107

Entrepreneurial economics

, 337, 338, 348

Entrepreneurial economy

, 204, 215, 234, 235, 272, 275, 281

Entrepreneurial firm

, 210, 234

Entrepreneurial mindset

, 91, 277, 307, 312, 313

The Entrepreneurial State

, 78, 299

Entrepreneurial velocity

, 205

Entrepreneurial zone

, 205

Entrepreneurship

, 36, 93, 94, 95, 99, 106, 107, 196, 205, 211, 215, 221, 234, 274, 275, 276, 277, 278, 291, 292, 339, 342, 348, 349

Epistemological foundation

, 55

Equilibrium theory

, 21, 43, 85, 86, 89, 197, 267, 347

European Union

, 4, 305

Evasion of reality

, 45

Evolutionary change

, 245

Expectation effect

, 183

Expectation of performance

, 174, 183, 186, 189, 193, 225, 236, 257, 259

Expectation

, 44, 81, 116, 118, 133, 134, 141, 142, 143, 148, 151, 165, 168, 169, 170, 174, 175, 177, 178, 183, 184, 185, 186, 187, 188, 190, 192, 193, 200, 201, 202, 207, 215, 224, 225, 230, 236, 243, 244, 257, 259, 290, 338, 346, 347

Experimentation process

, 148

Factor of production

, 91, 92

Fallacy of supply and demand

, 134, 198

False economy

, 287

The false trinity

, 20

Fictional construct

, 39, 52, 107

Financial innovation

, 17

Financial sector

, 294, 295

Financial weapons of mass destruction

, 75

Financialization of the Economy

, 286

Finland Futures Research Center

, 223

Fiorina, Carly

, 7

Fishbein, Martin

, 151, 167

Fox, Justin

, 76

Foxall, Gordon

, 136, 142, 164, 176, 344

Fractious views

, 41

Framing

, 119, 120, 122, 123, 134, 140, 147, 150, 155, 163, 190, 198

Free energy

, 24

Free enterprise capitalism

, 75, 311

Free market

, 5, 11, 13, 15, 17, 20, 21, 35, 61, 72, 73–79, 82, 86, 90, 267, 268, 295, 299, 339

Freeland, Chrystia

, 37

Free-standing selfish individualism

, 56

Frenzied financial games

, 15

Friedman, Milton

, 14, 15, 46, 49, 50, 62, 63, 64

Fundamental omission

, 52

Galbraith, Kenneth John

, 22, 28, 76

Gamma quadrant

, 201

Gates, Bill

, 306, 323

General Motors

, 244, 252, 253

George, Henry

, 14, 90, 92

Gigerenzer, Gerd

, 140, 141

Glass-Steagall Act

, 14, 290

Global Entrepreneurship Monitor

, 211, 276

Google Inc.

, 215

Governmental influence

, 75

Grant, Adam

, 13

Great Slowdown

, 5

Greed is good

, 13, 76

Greenspan, Alan

, 74

Greiner growth model

, 236

Hanoch, Yaniv

, 133

Hansen, Torbin

, 165, 177, 346

Harrison, Glen

, 82, 344

Harvard Crimson

, 55

Hierarchy of effects

, 143, 166

Higher purpose

, 318

History of Economic Thought

, 25, 66

Holt, Richard

, 57

Homo economicus

, 121

Hoppe, Hans-Herman

, 48, 54

Howard, J.

, 152, 154, 167

Howkins, John

, 312

Hue, Woonghee

, 270

Hurd, Mark

, 7

Hurdes, Karen

, 10

Hyperbolic discounting

Hypothetical experimental settings

, 135

Implicit theological assumptions

, 25, 47

Importance of human sentiment

, 133

Importance of realism

, 49

Incremental innovation

, 203, 208, 209, 210, 230, 246

Indifference curves

, 80

Individual economic behavior

, 115, 157, 176, 186, 344

Innovative crucible

, 215

Interconnectedness

, 228

iPhone

, 8, 78, 218, 253, 256

Jacobs, Jane

, 48, 54

Jean Baptiste Say

, 276

Jobs, Steve

, 95, 225, 228

Jolt Cola

, 240, 259

The Jubilee year

, 31, 206

Kahneman, Daniel

, 115, 117, 118, 119, 176, 284, 343, 344

Keen, Steve

, 96, 254

Keita, L. D.

, 81

Kennedy, John F.

, 267

King Croesus

, 31

Kirzner, Israel

, 98, 197, 338, 348, 349

Knight, Frank

, 60, 95, 98, 338, 349

Knowledge economy

, 274

Knowledge worker

, 92, 210, 223, 317, 318

Kodak

, 255

Koestler, Arthur

, 227, 228

Kogan, Sam

, 225, 313

Kondratieff, Nicholai

, 205, 221, 222, 224, 237, 273, 275, 305, 348

Kotler, Philip J.

, 50, 54, 113, 323

Krugman, Paul

, 11, 12, 64, 65, 295, 345

Kurzweil, Ray

, 23, 24, 219

Laissez-faire capitalism

, 11

Lavidge, Robert

, 143, 166

Lean manufacturing

, 105, 246

Level-k thinking

, 139

Levine, David

, 139

Li, Hongmin

, 270

Logically falsifiable

, 62

London School of Economics

, 49, 98

Loss aversion

, 121, 129, 134, 140, 147, 331, 335

Loudon, D. L.

, 154

Lowell Girls

, 36

Lucas, Robert

, 14

MacDonald, Bob

, 174, 242, 245

Mainstream schools

, 44

Malhotra, Deepak

, 82

Malthus. Thomas

, 34, 220, 221, 298

Managed economy

, 207, 215, 233–236, 238, 244, 247

Mankind’s first banks

, 30

Marconomic model

, 200, 201, 211, 215, 225, 234, 304

Marconomic paradigm

, 198, 199, 272

Marconomics

, xiii, xv, xvii, 50, 178–179, 193, 198–200, 203, 267–284, 316, 323, 337–351

Marginal cost

, 58, 89, 96

Marginal utility

, 73, 80, 81, 82

Marien, Michael

, 56, 57, 58

Market economist

, 50, 113

Market forces

, 39, 50, 107, 196, 197, 338

Marketing innovation

, 226

Marketing perspective

, 176

Martin, Paul

, 98

Martin, Roger

, 289

Martinez, Mark

, 77

Marx, Karl

, 20, 47, 173

Masquerade of mathematical formulations

, 57

Mass market economy

, 251, 253, 256, 259, 263

Mathematical technique for its own sake

, 50

Mathiness

, 60

Mauldin, John

, 286

Maxton, Graeme

, 57

Mazzucato, Marianna

, 78, 299

McFadden, Daniel

, 132

McGrath, Rita

, 86, 277

McMillan, Ian

, 277

McQuitty, L. L.

, 192

Mehta, Judith

, 158

Melser, Daniel

, 270

Merton, Robert

, 12

Michael Jordan label

, 237

Microsoft Office

, 260

Microsoft

, 253, 254, 260, 261

The Middle Ages

, 29

Mill, John Stuart

, 45

Miller, John

, 186

Milton, Robert

, 252

Minimum expectation

, 186

Misapplication of mathematical constructs

, 59

Moore, John

, 7

Multifaceted expectations

Muramatsu, Roberta

, 133

Myagkov, Mikhail

, 135

Nanotechnology

, 209, 219, 222, 223, 273, 274

Neelamegham, R.

, 271

Neill, H. R.

, 135

Nelson, Robert

, 25, 47, 54, 69

Neoclassical liberal macroeconomic policies

, 5

Neoclassical view

, 95

No absolutes in the economy

, 54

Normative economic methodology

, 60

Normative economic models

, 142, 151

Notable economists

, 41

Oligarchic capitalism

, 278, 279

The one percent

, 8, 9, 11, 37

Open innovation

, 230

Open-source

, 230

Ordered, rational behavior

, 142, 151

Ordinal theory of utility

, 81

Organizational innovation

, 226

Organized storytelling

, 61

Orthodox and Neoclassical Schools

, 43

Oscillating effect of technology

, 209

Outcomes in terms of money

, 28

Outsourcing binge

, 293

Outsourcing

, 202, 234, 245, 260, 262, 263, 293

Overly restrictive assumptions

, 63

P & G

, 230, 257

Page, Larry

, 273, 303

Paivio, Allen

, 142, 164

Parable of the talents

, 29

Park Guen-Hye, Madam

, 221

Parker, P.

, 271

Parker, Richard

, 62, 66

Pavlovian metaphor

, 134

Pepsi

, 237, 259, 260

Perception

, 112, 120, 142, 150, 151, 152, 154, 157, 164, 165, 166, 168, 170, 172, 174, 175, 177, 178, 185, 186, 187, 188, 189, 190, 193, 198, 200, 201, 202, 225, 259, 261, 269, 272, 294, 338, 346, 347

Pervasive economic assumptions

, 82

Piketty, Thomas

, 9, 11

Plato

, 26

Play Station

, 269

Plott, Charles

, 135

Polaroid

, 254

Popper, Carl

, 61, 62

Porter’s Five Forces Model

, 97

Prescription dominates description

, 112, 124

Price leadership

, 201, 205, 259

Primary tenets

, 21

Process innovation

, 226, 234, 313

Proctor and Gamble

, 216, 230, 237, 257

Product innovation

, 226, 313

Product life cycle

, 201, 251, 256, 258, 260, 264, 269, 270, 271, 272, 314

Product line strategy

, 243

Production function

, 96, 97

Profound change

, 245

Program

, 106, 262, 338, 343, 348

Prospect theory

, 115, 117, 118–121, 122, 136, 137, 138

Prowse, Michael

, 47

Putin

, 4, 305

Quiggan, John

, 57

Rabin, Matthew

, 83

Radical innovation

, 203, 207, 208, 230, 238

Rational utility maximization

, 21, 47, 71, 343

Reagan, Ronald

, 14, 17, 74, 297

Real economy

, 74, 87, 281, 286, 287–290, 296, 322

Red Bull

, 239, 240, 259

Religious belief

, 38, 39, 73

Religious dogma

, 38, 74

Religious persuasion

, 54

Ricardo, David

, 20, 34, 36, 47, 92, 93, 99, 282, 298, 344

Rickshaw driver

, 19

Right to wealth

, 13, 297

Rogers, Everett

, 220, 241, 271

Romer, Paul

, 60

Roosevelt, Franklin

, 14, 17, 74

Rothschild, Mayer

, 33, 34

Russia

, 4, 305, 309

Rust-belt

, 66, 307

Saez, Emmanuel

, 9, 296

Schiller, Robert

, 53, 54

Scholes, Myron

, 12

Schumpeter, Joseph

, 85, 86, 93, 94, 173, 184, 196, 204, 276, 314, 338, 339, 345, 348, 349

Scientific American

, 53

Scientific law

, 41

Scientific pretensions

, 81

Self-interest and greed

, 78

Senior elite

, 9

Shadow banking system

, 6, 11, 16, 305

Sheen, Charlie

, 13

Sheth, J.

, 152, 154, 167

Simon, H

, 270, 346

Simon, H.A.

, 68, 115, 117

The singularity

, 23

Sisodia, Raj

, 322

Sixth wave

, 206, 222, 223, 273, 305

Slater, Phillip

, 76

Slater, Samuel

, 36

Slide rule

, 209, 217, 218

Smith, Adam.

, 5, 28, 29, 34, 35, 68, 78, 80, 93, 103, 117, 211, 338, 339, 344

Sociological behavior

, 241

Sony Walkman

, 227

Stakeholder orientation

, 318

Starbucks

, 247, 273

State capitalism

, 310

State of satisfaction

, 152, 156, 167, 176, 218, 346

Stiglitz, Joseph

, 7, 65, 303

Sullivan, Martin

, 7, 157

Sumerian texts

, 30

Survival-oriented needs

, 72

Syed, Iqbal

, 270

Taymiyyah, Ibn

, 79, 344

Te Velde, Vera

, 12

Technology entrepreneurs

, 230

Tesla Motors Inc.

, 215, 223

Thaler, Richard

, 111, 117, 133

Theft of a Nation

, 18

Theory of buyer behavior

, 153, 154

Theory of Moral Sentiment

, 117

Theory of the firm

, 21, 35, 64, 90, 95, 96, 98, 106, 107, 268, 276, 341, 349

Thurik, A. R.

, 234, 342

Thurow, Lester

, 46, 47, 54, 69, 71, 83, 123, 124, 343

Tide soap

, 208, 257

Timmons, Jeffry

, 234

Traditional microeconomics

, 182

Trickle-down theory

, 22

Triumph of ideology over science

, 65

Tversky, Amos

, 115, 117, 118, 119, 176, 284, 343, 344

Upper one percent

, 6, 8, 9, 10, 15, 16, 20, 25, 286, 288, 290, 296, 301, 305, 306, 309

Urhammer. Emil

, 39

Utility–benefits scale

, 172

Utility functions in the form of benefits

, 171, 184

Utility functions

, 171, 184

Utility theory

, 68, 80, 81, 82, 83, 84, 85, 86, 124, 140, 141, 175, 176, 178, 268, 337, 341

Utterback, James

, 233

Validity of laboratory experiments

, 136

Value in consumer economic behavior

, 174

Value-benefit quadrant

, 209

Von Mises, Ludwig

, 48, 156, 175, 338, 339, 340

Wall Street

, 12, 13, 15, 16, 18, 33, 74, 77, 123, 279, 281, 290, 294, 295, 305

Walmart employees

, 298

Walmart

, 293, 298, 320

Wang

, 255

Wealth creation

, 77, 92, 93, 219

Wealth of Nations

, 35

Weapons of mass destruction

, 289

Weintraub, Sydney

, 48, 54, 345

Western Union

, 255

Who owns the marketplace

, 291

Whole Food Markets

, 320

Widening inequality

, 6

Woolley, Paul

, 16, 17

World Economic Forum

, 221

World Intellectual Property Office

, 242

Worstall, Jim

, 298

Xbox

, 269

Zeithaml, V. A.

, 177, 346

Zuckerberg, Mark

, 306, 323

Zucman, Gabriel

, 296, 302