A Life of Experimental Economics, Volume II: The Next Fifty Years
Intro -- Preface -- Acknowledgements -- Praise for A Life of Experimental Economics, Volume II -- Contents -- List of Figures -- Part III East, Southwest, East Again -- 13 Yankee Land -- 14 West with the Night -- 15 Arizona and E-Commerce in the Laboratory -- Some Early Intellectual History -- 16 My Friends Were Finally Right -- 17 Wives, Daughters, and Sons -- Part IV Rethinking Recessions, Markets, Adam Smith and Religion -- 18 Home Again: Chapman University -- 19 Economic Collapse 2007-2008: Would 1929 Be Reborn in Anemic Growth? -- Proposition 1: Severe Economic Recessions Have Their Origin in Household and Bank Balance Sheet Crises -- Proposition 2: Standard Economic Models Do Not Contain Balance Sheets -- Proposition 3: The Great Recession-A Balance Sheet Crisis -- Proposition 4: The Depression-A Balance Sheet Crisis? -- Proposition 5: Policy Experts, Economists, Consumers, and Businesses Were Blindsided by the Great Recession -- Proposition 6: Bernanke's 14 Months of "Liquidity Enhancement"-A Test of the Friedman-Schwartz Hypothesis that Liquidity Expansion Can Prevent Depression-Like Episodes? -- Proposition 7: Monetary Policy Is Ineffective in a Balance Sheet Crisis -- Proposition 8: When Monetary Policy Is an Ineffective Economic Stimulant, So Is Government Deficit Spending, and for the Same Reason -- Proposition 9: Housing Expenditures Are a Leading Indicator of Most Economic Recessions -- in Only the Depression and Great Recession Was the End of the Recession Not Accompanied by a Housing Recovery -- Instead, We Remained Stuck in Low Growth -- Proposition 10: Stock Market Crashes Do Not Impact Household and Bank Balance Sheets the Way Housing-Mortgage Market Crashes Do -- Consequently, Loss in Stock Market Value Is Not a Good Indicator of Potential Damage to the Economy from Losses in Housing Val.