Anthony de Jasay, Economic Sense and Nonsense -- Front Matter -- Title Page -- Copyright Details -- Table of Contents, p. vii -- Preface, p. xi -- Part I. To Spend or Not to Spend?, p. 1 -- 1. To Spend or Not To Spend?, p. 3 -- 2. Who is Afraid of the National Debt?, p. 8 -- 3. Two Cheers For Fiscal Austerity: Part I, p. 13 -- 4. Two Cheers For Fiscal Austerity: Part 2, p. 17 -- 5. What Became of the Liquidity Trap?, p. 22 -- 6. The Archbishop and the Accountants, p. 25 -- 7. Two Ways, But Where To?, p. 29 -- 8. The Platinum Rule, p. 34 -- 9. A Fiscal Curb To Tame the State?, p. 40 -- 10. Can Sovereign Borrowing Be A Criminal Offense?, p. 43 -- Part 2. The Third Way to Stability?, p. 47 -- 1. Greed, Need, Risk, and Regulation, p. 49 -- 2. Trudging Down the Third Way, p. 59 -- 3. Open Season on the Capitalist Free-For-All, p. 63 -- 4. Collective Choice at Work, p. 66 -- 5. Instinctive Blunders: Job Protection and Redistribution, p. 70 -- 6. In Fantasyland: the Stressless Economy, p. 74 -- 7. They Wanted A New Order, p. 78 -- Part 3: The United States of Europe and America, p. 83 -- 1. The Foolish Quest For Stability, p. 85 -- 2. Europeans Know Better: The Atlantic Cleavage on Financial Reform, p. 89 -- 3. Our Cherished Optimum Currency Area: Its Trials and Tribulations, p. 93 -- 4. Eurozone: It Seemed A Good Idea at the Time, p. 98 -- 5. Stone-Age Banking, Anti-Speculation, and Rescuing the Euro, p. 102 -- 6. Butcher, Brewer, Baker, Banker: All Must Work by the Golden Rule, p. 106 -- 7. Euramerica: A Safety-First Economy, p. 110 -- 8. Come and Get Caught in my Trap, p. 114 -- 9. The Use and Abuse of Taxes and Tax Havens, p. 118 -- 10. Russia's Socialist Heritage, p. 122 -- 11. Oil, Gas, and Bluster, p. 127 -- Part 4. The Best of the Worst, p. 135 -- 1. The Best of the Worst: What Price Democracy?, p. 137.

2. Is Society a Great Big Insurance Company?, p. 142 -- 3. Incomes: Equalizing or Churning?, p. 147 -- 4. The Fat Cats, The Underdogs, and Social Justice, p. 151 -- 5. Equal, Poverty, Unequal, Affluence, p. 156 -- 6. Topping Up Welfare, p. 160 -- 7. Is Society A Great Big Credit Card? Part I, p. 164 -- 8. Is Society a Great Big Credit Card?, Part 2, p. 168 -- 9. Class War By Judo, p. 171 -- Part 5. Risks' Return, p. 177 -- 1. Solvency and Liquidity: Some Financial "Crises" Are More Critical Than Others, p. 179 -- 2. A Trillion-Dollar "Catastrophe"?, p. 184 -- 3. Bank, Debt, Sovereign Debt, and the Dogs That Did Not Bark, p. 188 -- 4. Is S&P A WMD?, p. 193 -- 5. Ned Ludd, Handloom Weaving, and Franco-German Moral Banking, p. 197 -- 6. Weeding Out the "Socially Not Useful," p. 201 -- Part 6. Cheap Talk as a Weapon of Mass Destruction, p. 205 -- 1. Cheap Talk, A Weapon of Mass Destruction: Asset Values, Expectations, and the Apocalypse, p. 207 -- 2. We All Prefer Growth To Austerity, p. 211 -- 3. Micro, Macro, and Fantasy Economics, p. 216 -- 4. Negative Productivity, p. 220 -- 5. Finance in Parrot Talk, Part I, p. 224 -- 6. Finance in Parrot Talk, Part 2, p. 229 -- 7. Finance in Parrot Talk, p. Part 3, p. 232 -- 8. Economics Textbooks: Teaching To Despise, p. 236 -- 9. The Bootstrap Theory of the Oil Price, p. 240 -- Part 7. Better Economic Theory or Not?, p. 243 -- 1. Thank Heaven for an Inefficient Market: A Tale of Zombies and Speculators, p. 245 -- 2. Corruption, Parasitism, and The Abuse of Agency, p. 249 -- 3. The Demise of GDP is Premature, p. 253 -- 4. When Is A Change A Good Thing?, p. 257 -- 5. The Price Of Everything, p. 261 -- 6. Enough Folly is Enough, p. 265 -- 7. The Millstones of Egalitarianism, Part 1: Distributionism by Facts of Life, p. 268.

8. The Millstones of Egalitarianism, Part 2: Ropemanship, or the Morality of Distributions, p. 274 -- Index, p. 279 -- End of the Book, p. 296.