Rejection of the Arrow Reasonableness Claim (ARC) 168 Selection of the culprit axiom. 169 Examples of consistent constitutions 170 A reappraisal of the literature 170 Conclusion 172 Addendum: Sen’s restatement in “Development as freedom” 172 Addendum: Mas-colell, Whinston and Green, “Microeconomic Theory” 175 35. Without time, no morality 175 Introduction 175 Control of natural forces in the social process 176 Three traditional methods 177 Borda Fixed point 178 Relation to Saari’s work 179 Pareto 182 A note on cheating 182 Conclusion 183 36. Some notes on ethics 183 Book VIII Supportive notions 186 37. On the nature and significance of a free lunch 186 Some quotes 186 Consumers surplus 187 Economic growth 188 Conclusion 192 38. Proper definitions for uncertainty and risk 192 Uncertainty 192 Risk 193 Example 195 Wrong use in economics 1921-2005 196 Book IX Reduced form 198 39. The possibility of full employment in the welfare state 198 Introduction 198 Stylized facts 198 Concepts 199 The theorem 201 Graphical presentation 205 40. The possibility of co-ordination 206 Stylized facts 206 Concepts 207 The special theorem 211 The general theorem 213 On the interaction of the reduced form theorems 214 More on chance 215 Book X Conclusions 216 41. Relating to Mankiw’s “Principles” 216 42. Relating to Krugman, Phelps, Ormerod and Heilbroner & Milberg 219 Introduction 220 Review of positions and qualities 220 Krugman: “We don’t know” 222 Phelps: “Structural slumps” 224 Ormerod: “Death of economics” 228 H&M: “Crisis of vision” 230 All authors 232 43. Relating to Sen, Galbraith and Cox & Alm 232 Sen: “Development as freedom” 232 Galbraith: “Created Unequal” 235 Cox & Alm: “Myths of rich and poor” 242 44. Relating to the OECD and some of its authors 246 The OECD in general 246 The EITC, direct payroll tax reduction and wage cost subsidies 247 45. After 35 years of mass unemployment: An advice to boycott Holland 250 Summary 250 Introduction 251 First considerations 251 The realism of my advice 254 George W. Bush and Iraq and the American economy 254 More on Paul Krugman 256 The Dutch tragedy of the murder of Pim Fortuyn in 2002 256 On the European Enlargement 259 Advice to vote NO on the current proposals for a European Constitution 260 A note on my own position 261 Appendix: After 20 years of mass unemployment: Why we might wish for a parliamentary inquiry 262 46. Final conclusion 263 Epilogue 264 Appendices 266 On the definition of economics 266 Biographical note on Montesquieu 270 Price inflation and wage growth in Holland 1950-2002 272 Income distribution in Holland 1950 and 1988 273 Program used in the analysis on exposed and sheltered sectors 275 A note on Hayek 276 A note on Barrow’s “Impossibility” 278 A constitutional amendment for an Economic Supreme Court 279 A parallel argument on the Central Bank 281 About the US Council of Economic Advisers 282