Economics, 3rd Edition

CREDITS

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CREDITS  821

Image 22.2 Professor Justin Yifu Lin … p. 494. Source: 

© Justin Yifu  Lin

Image 22.3 Thomas Robert Malthus … p. 491 © The Print 

Collection/Alamy

Image 23.1 The rise in youth unemployment … p. 502. 

Source: © Shutterstock

Image 23.2 In reality the labour market … p. 515. 

Source: © Shutterstock

Image 24.1Austerity policies have affected … p. 525. 

Source: © Shutterstock

Image 24.2 An offshore oil rig … p. 536.  

Source: © Shutterstock

Image 25.1 David Li was referred to by some … p. 548.  

Source: © Ken Tam/Alamy

Image 25.2 Eugene Fama was acknowledged … p. 555. 

Source: © Eugene Fama, 2012

Image 26.1 Ludwig von Mises … p. 564. 

Source: © Ludwig von Mises

Image 26.2 The People’s Bank of China … p. 580. 

Source: © TAO Images Limited/Alamy

Image 27.1 Some question whether quantitative easing … 

p. 601. Source: © Copyright 2007-2013 Truth Alliance inc.

Image 28.1 Wherever you go in the world the Big Mac … 

p. 617. Source: © incamerastock/Alamy

Image 28.2 The Bank of England … p. 619. Source:  

© Biz/ed

Image 29.1 Money from criminal gangs … p. 634. 

Source: © Shutterstock

Image 30.1 Finn E. Kydland (left) and Edward C. Prescott 

(right) … p. 650. Source: © WOLFGANG RATTAY/

Reuters/Corbis

Image 30.2 Productivity is a measure of output per  

worker … p. 652. Source: © Shutterstock

Image 31.1 To produce goods … p. 660. Source: © MOHAMED 

ABD EL GHANY/Reuters/Corbis

Image 31.2 Robert Skidelsky, Emeritus Professor … p. 677. 

Source: © Robert Skidelsky

Image 32.1 The collapse of the banking system … p. 696. 

Sources: © Shutterstock (left) and © Ecojoe/Alamy (right)

Image 32.2 New housing development in China … p. 699. 

Source: © Shutterstock

Image 33.1 Former Bank of England deputy governor … 

p. 710. Source: © epa european pressphoto agency 

b.v./Alamy

Image 33.2 Large-scale investment … p. 718. 

Source: © epa european pressphoto agency b.v./Alamy

Image 34.1 Rising fuel prices … p. 726. 

Source: © Shutterstock

Image 34.2 Mervyn King … p. 742. Source: © epa 

european pressphoto agency b.v./Alamy

Image 35.1 Arthur Laffer … p. 753. Source: © Bob 

Daemmrich/Cross/Alamy

Image 35.2 Reform of planning laws … p. 757. Source: 

© Shutterstock

Image 36.1 Critics of the SGP … p. 775. 

Source: © Cengage Learning EMEA

Image 36.2 There are stark contrasts in economic welfare 

across Europe … p. 779. Source: © Shutterstock

Image 37.1 The South Sea Scheme … p. 786. 

Source: © Falkensteinfoto/Alamy

Image 37.2 One of the major fears of the problems … 

p. 802. Source: © Shutterstock

FIGURES

The following Figures have been reproduced with the kind 

permission of the copyright holders:

Figure 18.5 Gini coefficient (measured on a scale from 

0–100) for the EU 27 countries, 2011, p. 390. Source: 

Eurostat. Reproduction of Eurostat data/documents for 

both commercial and non-commercial dissemination 

are automatically authorised provided appropriate 

acknowledgement is given to Eurostat as the source.

Figure 18.8 People at Risk of Poverty and Social 

Exclusion in the EU in 2011, p. 394. Source: Eurostat. 

Reproduction of Eurostat data/documents for both 

commercial and non-commercial dissemination 

are automatically authorised provided appropriate 

acknowledgement is given to Eurostat as the source.

Figure 21.1 Two Measures of Inflation, p. 464. Source: 

ONS and HM Treasury, Crown Copyright and public 

domain.

Figure 21.2 GDP Deflator (EU 27), p. 464. Source: 

Eurostat. Reproduction of Eurostat data/documents for 

both commercial and non-commercial dissemination 

are automatically authorised provided appropriate 

acknowledgement is given to Eurostat as the source.

Figure 21.3 Real and Nominal Interest Rates, p. 468. 

Source: Bank of England and UK Office for National 

Statistics.

Figure 22.1 EU 27 GDP at Market Prices, Purchasing 

Power Standard Per Capita, 2003–2011 (€), p. 474. 

Source: Eurostat. Reproduction of Eurostat data/

documents for both commercial and non-commercial 

dissemination are automatically authorised provided 

appropriate acknowledgement is given to Eurostat as 

the source.

Figure 22.2 Growth and Investment, p. 484. Source: 

Fair use as author calculations and some World 

Bank data.

Figure 22.4 Corruption Perceptions Index 2012, p. 489. 

Source: CPI Transparency

Figure 23.1 UK Unemployment Rate Since 1971, p. 501. 

Source: UK Office for National Statistics and HM 

Treasury. Crown Copyright and public domain.

Figure 26.1 Three Measures of the Money Stock for the 

Euro Area, p. 563. Source: ECB

Figure 27.3 The Velocity of Circulation, 1959–2013, p. 591. 

Source: Economagic.org

Figure 27.4 The UK Nominal Interest Rate and the 

Inflation Rate, p. 594. Source: Bank of England and 

UK Office for National Statistics. © Bank of England 

and public domain.

Figure 30.1 GDP in the UK and Europe, 1960–2011, p. 639. 

Source: World Bank

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822  CREDITS

Figure 30.2 UK GDP Growth Rate, 1960–2011 (%), p. 640. 

Source: World Bank

Figure 30.3 OECD Area Composite Leading Indicators 

(CLI) Index, 2003–2013, p. 644. Source: OECD

Figure 36.3 Growth Rates in Germany, France and 

the Whole Euro area, p. 770. Source: Eurostat. 

Reproduction of Eurostat data/documents for both 

commercial and non-commercial dissemination 

are automatically authorised provided appropriate 

acknowledgement is given to Eurostat as the source.

Figure 36.4 Growth Rates in Ireland, Greece and 

the Whole Euro area, p. 771. Source: Eurostat. 

Reproduction of Eurostat data/documents for both 

commercial and non-commercial dissemination 

are automatically authorised provided appropriate 

acknowledgement is given to Eurostat as the source.

Figure 37.1 The Rise in House Prices, p. 784. Source: 

Halifax House Price Index and Standard & Poors © 

Lloyds Banking Group and © 2013 Standard & Poor’s 

Financial Services LLC, a part of McGraw Hill Financial. 

All rights reserved.

TABLES

The following Tables have been reproduced with the kind 

permission of the copyright holders:

Table 1.1, p. 10. Source: Fair use, data compiled from a 

variety of sources including http://stats.oecd.org/index 

and http://data.worldbank.org/indicator

Table 1.2, p. 12. Source: This is a blog which has been 

confirmed to be in the public domain:  

http://signsofchaos.blogspot.com/2005/11 

/ price-elasticity-of-supply-and-web.html

Table 2.1, p. 26. Source: Adapted from Richard M. Alston, 

J.R. Kearl and Michael B. Vaughn, ‘Is There Consensus 

among Economists in the 1990s?’ American Economic 

Review (May 1992): 203–209. Used by permission.

Table 4.2, p. 84. Source: Fair use, data compiled from a 

variety of sources including World Bank and UNESCO.

Table 21.2, p. 460. Source: Office of National Statistics, 

public domain.

Table 21.3, p. 462. Source: Eurostat. Reproduction of 

Eurostat data/documents for both commercial and non-

commercial dissemination are automatically authorised 

provided appropriate acknowledgement is given to 

Eurostat as the source.

Table 21.4, p. 466. Source: The  Movie Times   

(www.the-movie-times.com)

Table 22.1, p. 475. Source: World Bank

Table 23.1, p. 500. Source: Office of National Statistics, 

public domain.

Table 35.1, p. 750. Source: OECD