... discon-© 20 02 Donald RutherfordSeealso:economicsandpsychologyReferencesAkerlof,G.andDickens,W.T.(19 82) ‘Theeconomicconsequencesofcognitivedis-sonance’,AmericanEconomicReview 72: 307–19.Festinger,L.(1957)ATheoryofCognitiveDissonance,Evanston,IL:Row,Peter-son.CohesionFund(O0)EUROPEANUNIONfundcreatedin1993bytheMAASTRICHTTREATYtoprovidemoneyforenvironmentalandtrans-Europeannetworkprojectsinmemberstateswhosegrossdomesticproductislessthan90percentoftheEUaverage.Thefundcancontributeupto85percentofthepublicexpenditureonaproject.coinage(E4)Piecesofmetalofastandardsizeandweightstampedbyasovereignpowertogivethemthestatusofmoney.CoinswerefirstusedasmoneybytheLydians(GreekinhabitantsofwhatisnowWestTurkey)intheseventhcenturyBC.Thefirstcoinsweremadeofelectrum,anaturalalloyofgoldandsilver.Silver,bronzeandcopperwerelaterusedinAncientGreeceandtheRomanEmpire.Coppercoins,usedforsmalltransactions,wereissuedwithamonetaryvalueinexcessofthevalueofmetalused,establishingtheprincipleoftokenmoney,whichisthenatureofcoin-agetoday.Thefirstproblemsofcoinage,clippingandforgery,weresolvedbyachangeinproductionmethodfromham-meringtomillingtoensureastandardsize.Thesecondproblem,theinconveni-enceoftransportingittocarryoutlargefinancialtransactions,wasremediedbytheuseofbanknotes.coincidentindicators(E3)MeasuresofeconomicactivityusedbyeconomicforecasterstotrackcyclicalmovementsintheECONOMY.Themainonesusedareemploymentinnon-agriculturalenterprises,personalincomelesstransferpayments.andindicesoftotalindustrialproductionandmanufacturingandtradesales.Seealso:economicindicatorsColbertism(H2,L5,N4,N6)Governmentinterventioninindustry,namedaftertheFrenchMERCANTILISTJeanBaptisteColbert(1619–83)whosuccess-fullyreformedtheFrencheconomyafter1649.InFrance,thehomeofColbertism,thegovernment’sabilitytosubsidizein-dustryandfollowprotectionistpolicieshasbeenlimitedsinceentrytotheEur-opeanEconomicCommunityin1958.Seealso:dirigismecollaborative ... RutherfordAgraduateinmathematics,engineeringandeconomicsfromArizona,Oklahoma,VirginiaandHarvardUniversities.Profes-soratHarvardfrom1965to1970andfrom1983;economicadvisertothepre-sidentoftheWORLDBANKin1970–2andthebank’svice-presidentinchargeofdevelopmentpoliciesin19 72 82. HisquantitativeapproachtoDEVELOPMENTECO-NOMICSviewsself-sustainingeconomicgrowthasafunctionofindustrialization,whichisitselfassociatedwithaswitchfromagriculturaltoindustrialproductsinthecommoditystructureofacountry’sexports.In1959,hepublishedawidelyusedINPUT–OUTPUTtext.HecollaboratedwithARROWandothersin1961toproducetheCONSTANTELASTICITYOFSUBSTITUTIONPRO-DUCTIONFUNCTIONwhichsubstantiallyre-placedthepopularCOBB–DOUGLASPRODUCTIONFUNCTION.ReferencesArrow,K.J.,Chenery,H.B.,Minhas,B.S.andSolow,R.M.(1961)‘Capital-laboursubstitutionandeconomicefficiency’,ReviewofEconomicsandStatistics43: 22 5–50.Chenery,H.B.andClark,P.(1959)Inter-industryEconomics,NewYork:Wiley.cheque(G2)Awritteninstructionfortransferringabankdepositfromonepersontoanother.Inthenineteenthcentury,thechequegraduallyreplacedbanknotesandBILLSOFEXCHANGEasameansofsettlingclaims.Today,chequecardshavemadethechequeevenmoreacceptable.Theusageofthechequeformonetarytransactionsvariesfromcountrytocountry,beingespeciallypopularfornon-cashtransactionsinFrance.Seealso:debitcard;eftposchequecard(G2)Aplasticcardissuedbyabanktoanaccount-holdertoguaranteeachequeuptoaspecifiedamount.Seealso:creditcard;debitcard;smartcardChicago ... with more than 2, 000 employeesshould reconstitute their boards of direc-tors according to a ‘2x + y’ principle ofequal numbers of employee and share-holder representatives (2x) and co-opteddirectors...