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Gambling Debt: Iceland’s Rise and Fall in the Global Economy: Index

Gambling Debt: Iceland’s Rise and Fall in the Global Economy

Index

Index


academics: and Chamber of Commerce, 55–57; role of, 53–55

Actavis, xxiii

activists, 75–76

Aðils, Jón Jónsson, 7

Akureyri, elections in, 80

Albania, xxxi–xxxiii

Alcoa Foundation, 100

alliance, regulatory, xviii

allocation, of communal assets, 114–15

Alþingi, xx, xxxviii, 64; and Icelandic language proficiency, 189–90

American Anthropological Association, 231–32

anarchism, xix; Best Party and, 88, 89–91

Another Shore: Recent Icelandic Art, From, 100

anthropology, 233; as intellectually isolated, 229–30; postmodernism, 230–32; of small places, 227–28; socioeconomic context of, 228–29

Árnason, Ragnar, xvi, 127, 128

art: and culture, 99–100, 105(n6); and politics, 95–97; promotion of Iceland through, 100–102

artists, 104; exploitation of, 102–3

Asad, Talal, 230

Asian, immigrants, xxviii, 177. See also Filipino

Ásmundsson, Ásmundur, 102

Association of Icelandic Historians, 16, 19, 20, 21

Association of the Creative Industries, 103

Auðlindanefnd, 157

Austurvöllur, 64

aviation, 27

Bakkavör, 35

Baldursson, Friðrik Már, xxii, 56

Baltic countries, unemployment in, 179–80

bankers, xxxviii, 34, 39; behavior of, 40–43, 45

banking system, xvii, xviii, xxii, xxiv, xxxvii–xxxviii, xxxix, 9, 28, 33–34, 43, 44, 45(n1), 46(n14), 74, 139, 223, 224; failure of, 47–48; and fisheries, 157–58; and fishing quotas, 156–57; government responsibilities and, 74–75; Iceland Chamber of Commerce on, 55–57; investment and traditional, 37–38; loans, 41–42; organizational culture, 49–50; and political sector, 51–52, 70; privatization and expansion of, 29–31, 38–39; and rural sector, 140, 142; social discourse on, 48–49

Bank of Iceland (Íslandsbanki), 37

Bank of Industry (Iðnaðarbankinn), 37

bankruptcy laws, 145

Baugur, xxxv, xlii(n8)

Baumol, 31; on entrepreneurship, 25, 26

Benediktsson, Einar Örn, 86

Berkshire Hathaway, 35

Berlin Wall, fall of, 231

Best Party, xix, 84, 220; as anarcho-surrealist, 88, 89–91; as governing body, 85–87; platform of, 82–83; as social movement, 80–82

Betri Reykjavík (Better Reykjavík), 89

Better Reykjavík. See Betri Reykjavík

Bismarck, Otton von, 222

Björgólfsson, Björgólfur Thor, 17

Blöndal, Sigurður Björn, 83

boat owners associations, xxii, 126

Breton, André, 90

Brevis Commentarius de Islandia (Jónsson, Arngrímur), 7

British Columbia, fisheries in, 115, 117, 118

Brown, Gordon, xxxix

Buchanan, James M., xxi

Buffett, Warren, 35, 45(n8)

business, and art, 99–100

Business Vikings, xiv, xv, xviii, xxii, xxiii, 3, 17, 39, 219; as berserkers, xxiv, xxv; identity of, 12–13; as nationalistic, 4, 5, 9–10, 20

Canada, ITQs in, 110, 115, 117, 118

capitalism, 44, 224

car ownership, and economic crash, 193–94

Center for Public Education, 163

Central Bank of Iceland, xix, 38, 43, 64; economic crash, 44–45; on fishing quotas, 156–57, 158

charities, xxviii, 182, 213; material aid, 202–3, 204–5; media coverage of, 205–6, 210–12; need for, 208–10; seasonal attention to, 207–8; and worthy poor, 206–7

Chicago School, xiii, xxix

Christianity, 18

Christianity at Glacier (Laxness), xxxvii

citizenship, language fluency and, 189

citizens’ meetings, 64

civil society, 26

Cleese, John, and Kaupthing Bank, xxxvii–xxxviii, xxxix

cod stock, management of, 125–26, 134(n4)

collective goods, 27. See also communal assets

colonialism, 6, 230

Common European Framework for the Reference of Languages, 190

communal assets, xl–xli; fisheries as, 113–14, 153, 159; property rights and, 129–30, 135(n17)

communities: and fisheries, 113–14, 116, 121–22; resilience of, 137–38; schools in, 163, 165, 166–74; and virtual fisheries, 122–24, 130–31

construction sector, 180, 219; unemployment in, 178–79

corporate social responsibility (CSR), 99

corruption, xvi, 44, 51; political, xxvii, 70–72

cottage industries, 27

Council of Europe, 190

creative industries, 96–97; and Chamber of Commerce, 99–100; labor exploitation in, 102–3; sectors of, 103–4

creativity, 94, 95–96, 101

crews, fishing, 115, 116

crime, and immigrants, 183

CSR. See corporate social responsibility

cultural workers, 104

culture, 5, 95; art and, 99–100, 105(n6); as creative process, 131–32

Danish Central Bank, 55

Danske Bank, xxii, 11, 12

debt, xvii, xxxv, 139

deCODE genetics, xviii

Deleuze, Gilles, 123

democracy, direct, xxvii

demonstrations, antigovernment, 64, 79–80

Denmark, 6–7, 16, 122; and Icelandic economy, 11–12; ITQs in, 113–14, 115, 116, 118–19

Directorate of Labour, 180

Divided We Stand: Why Inequality Keeps Rising (OECD), 204

Djúpavig, 123

Dr. Spock, 83, 88

Eastern Europe, 232; unemployment in, 179–80

Eastern Europeans, immigrants, xxviii, 177–78, 183. See also Poles

economic crises/crash, 4–5, 21–22, 23, 31–32, 79, 201–2, 220, 232–33; charities and, 208–12; deprivation and, 66–67; fisheries and, 128–29, 133; Grundarfjörður, 140–42; and Icelandic language schools, 192–95; and ITQ system, 156–57; and migrants, 175–76, 178–80; politics and, 44–45, 73–75; and protests, 64–65, 67–68; schools and, 163, 164–65, 166–70

economic deprivation, relative, 66–69

economic expansion/miracle, 4, 17, 19–20, 178, 221, 224–25; banking system and, 29–31, 37–38; and ITQ system, 156–57; nationalism of, 9, 10–12, 13; neoliberal, 218–19

economics: fisheries quotas and, 44, 111, 113–18, 232; inequality, 10, 201

economy, xiv, xxvi, 17, 32, 103, 204, 231; and communal assets, xl–xli, 113–18; global, xxi, 5; Grundarfjörður’s, 139–49; public understanding of, 58–59; twentieth-century development, 26–29; virtual, xx–xxi, 123–24

education, 219; economic crisis and, 165, 169–71

EEA. See European Economic Area

EES. See European Economic Space

EFTA, 28

Eggertsson, Dagur B., 80

Einarsson, Oddur, Qualiscunque descriptio Islandiae, 7

Einarsson, Sigurður, xxxviii

Eitt er landið (Jónsson), 8

elections, 84; Best Party and, 80–83

employment, 114. See also unemployment

enforcement, of fisheries quotas, 112–13

entrepreneurs, entrepreneurship, 23, 27; role of, 24–26; Viking spirit of, 9–10, 17, 93, 94

Erhard, Ludwig, 222

ethnicity, art and, 101

EU. See European Union

Europe, 8; ITQs in, 118–19

European Common Market, xxxviii

European Economic Area (EEA), 4, 29, 37, 44; immigration and, 176–77

European Economic Space (EES), 4

Europeans, as immigrants, 179

European Union (EU), xxxviii, 176; fishing industry and, 151–52

exclusion zone, fish stock in, 130

Exista, risk-taking by, 34–36

Eyjafjallajökull, eruption of, xxxix, 98

Eyri Invest, xxiii

Fargfabriken Norr, 102

farming sector, 28–29, 140, 143; schools, 166–67, 168

Faroe Islands, ITQs in, 110, 112, 117

feminist scholarship, on nationalism, 5–6

Fichte, Johann Gottlieb, 101

Filipino, immigrants, 176, 177, 178, 181, 184

financial bubble. See economic expansion/miracle

financial crisis. See economic crisis

“Financial Crisis or Economic Opportunity: The Real Story about Iceland,” 56

financial sector, xvii, xx, xxiii–xxiv, 33, 39; academic reports on, 55–57; liberalization of, 43–44; media reporting on, 52–53; politicians and, 50–51; risk taking, 34–36

Financial Supervisory Authority, 40

financiers: medieval imagery of, xxiii–xxiv; political power of, xxxvi–xxxvii

financing, innovation, 24–25, 27

fisheries, fishing industry, xv, xviii, xxii, 26, 134(nn9, 11), 137–38, 151, 177, 218; and communities, 121–24; and economic development, 27, 28–29; in Grundarfjörður, 139–42, 144–45, 146; human rights, 157–59; management of, 119–20, 124–25; and privatization of, xvi, xxii; protests, 152–53; quotas, xvi, 109–19, 129–30, 24–35(n13), 135(nn16, 18, 20), 153–57; virtualization of, 126–28, 130–33

Fisheries Management Act (FMA), 129–30, 152; and fishing rights, 154–55

fish processing, 131, 141; technological changes, 28, 29, 31, 32(n3)

fish stocks, xvi, 133(n1), 134(nn4, 5); as common property, 129–30, 153, 154, 158, 159; virtual, 122–24, 126–28, 130–31

Fjölskylduhjálp Íslands, 211

Flateyri, 131

FL Group, 10

FMA. See Fisheries Management Act

Foreign Chartered Vessels, 116

foreigners. See immigrants

Foucault, Michel, 48, 55

framing, and public mobilization, 69–72

Framtíðarhópur Viðskiptaráðs Ísland, 55–56, 99–100

free trade treaties, 28

Friedman, Milton, xxi, 222

Future Group of the Iceland Chamber of Commerce, 55–56, 99–100

Gay Pride festival (Reykjavík), 88

Geertz, Clifford, The Interpretation of Cultures, 229

gender, nationalism and, 5–6, 8–9, 10, 12

Germany, neoliberalism in, 222

Gimli (Manitoba), charitable donations from, 210

Gissurarson, Hannes Hólmsteinn, xxxiii, xl; “Miracle on Iceland,” xxi

Glitnir Bank, xxiii, 74, 140

globalization, 5, 44, 112

Gnarr, Jón, 80, 81, 82, 83, 84–85; fictional biographies of, 87; as mayor, 86, 88–90

Gnarrism, 88

Gramsci, Antonio, 11

Great Britain. See United Kingdom

Great Weaver from Kashmír, The (Laxness), xxxv–xxxvi

Greece, migration to, 175

Grímsson, Gunnar, 89

Grímsson, Ólafur Ragnar, 9–10, 21; on History Congress, 16–17; on nationalistic history, 18, 20

Grönfeldt, Svafa, xxii, 20, 21, 97

Grundarfjörður, 138; economic crash, 142–44; economy, 139–42; fishing industry in, 144–45; resilience of, 147–49; unemployment, 145–46

Guðmundsson, Ágúst, 35

Guðmundsson, Björgólfur, 3

Guðmundsson, Einar Már, xx, xxii

Guðmundsson, Lýður, 35

Gylfason, Þorvaldur, xxxvi

Haarde, Geir H., xix, 45, 56, 74, 79, 209

Hálfdanarson, Guðmundur, 16

Hafnarfjörður, 80

Hafstein, Hannes, 18, 19

Hall, Steve, 232

HAM, 88

Harvey, David, 201–2

Hayek, Friedrich von, xxi, 222

Herbertsson, Tryggvi Thor, xxii, 55, 56

Herder, Johann Gottfried, 100

herring stock, 123, 144

history, 4, 6–9, 15, 22; revision of, 16–18

History Congress in Iceland, 16–17

Ho, Karen, xxi

holding companies, 35; and banks, 41–42

Hornafjörður, school in, 165

households, xvii; as economic base, 26–27

Hoxa, Enver, xxxii

HRC. See United Nations Human Rights Committee

human rights: access to resources, 159–60; and fisheries policy, 157–59; and ITQ system, 152–55

Iceland Chamber of Commerce, xxii, 10, 97; on banking sector, 55–57

Icelandic Academy of the Arts, 55

Icelandic Association of Local Authorities, 165

Icelandic Bank of Commerce (Verzlundarbanki Íslands), 37

Icelandic Fisheries Agency, 153

Icelandic government, resignation of, xix, 79–80. See also Alþingi; various political parties

Icelandic Health Sector Database, xviii

Icelandic language, xxviii; and immigrants, 179, 180–81, 188–91, 195–96; schools for, 187–88, 191–95, 198–99

Icelandic National Broadcasting Service, 52

Icelandic Parliament. See Alþingi

Icelandic Red Cross, 208

Icelandic Stock Exchange, xvii, xviii, 29, 30, 45(n5), 67

Iceland’s Family Help (Fjölskylduhjálp Íslands), 211

IceSave accounts, xviii, xxxv–xxxvi; British funds in, xlii(n7)

identity, 17, 95, 188; of Business Vikings, 9–10, 219; national, 5–6, 7, 12, 20–21

Iðnaðarbankinn, 37

image, image making: Iceland’s, 20–21, 97–99; nature and, 100–101

IMF. See International Monetary Fund

immigrants, xxviii, 9, 177; charities and, 211–12; Icelandic language schools, 187, 191–95, 198–99; Icelandic language fluency, 180–81, 188–90, 195–97; remittances sent by, 181–82; in rural sector, 141, 143, 146; unemployment, 175–76, 178–80; views toward, 182–84

Ímynd Íslands (Image of Iceland), 97, 99

Independence Party, xx, xxvii, 17, 43, 51, 71, 218

Independent People (Laxness), xxiv

Indíáninn (Gnarr), 87

individualism, xiv, xxiv, 11, 13; methodological, xxviii, 48

Individual Transferrable Quotas (ITQs), xvi, xvii, xxii, xxvi, 109–10, 126, 130, 218; alternatives to, 119–20; claims about, 111–13; and economic boom and bust, 155–57; and human rights, 152–55; problems with, 113–18; support for, 118–19

industrial sector, 28–29

inequality, economic, 10, 201, 204

innovation, 24–25, 27, 94, 95–96; in banking system, 37–38

Inspired by Iceland (video), 98

intellectuals, role of, 54–57

interest rates, xvii, 37

International Covenant of Civil and Political Rights, 155

International Monetary Fund (IMF), xix, 158

Interpretation of Cultures, The (Geertz), 229

investment banking, 37–39, 45(n3), 46(n13)

Investor AB, 35

Ireland, migration to, 175

Ísland 2015 (Framtíðarhópur Viðskiptaráðs Ísland), 55–56

Íslandsaga (Jónsson, Jónas), 7–8

Íslandsbanki, 37

Íslenskt pjóðerni (Aðils, Jon Jónsson), 7

ITQs. See Individual Transferrable Quotas

Jóhannesson, Jón Ásgeir, 3, 13, 17

Jón forseti (trawler), sinking of, 202

Jónsson, Arngrímur, Brevis Commentarius de Islandia, 7

Jónsson, Jónas (Jónas from Hrifla), Íslandsaga, 7–8

Jónsson, Sigurður, 35

Jónsson, Stefán, 8, 13

Jütte, Robert, 206

Kauphöll Íslands. See Icelandic Stock Exchange

Kaupthing Bank, xxiii, xxxvii–xxxviii, xxxix, xlii(n10), 39, 43; and Exista, 35, 36

Keynesian economics, Keynesianism, 44, 230

Kirzner, I. M., 25, 31

Kópavogur, elections in, 80

Kristjánsson, Halldór J., 99

labor, 115; in art, 102–3

labor market: EEA, 176–77; migrants and, 141, 177–78

Laxdæla saga, xxxix

Landsbankiin, xviii, xxiii, 74; IceSave accounts, xxxv, xxxvi

Landssamband íslenskra útvegsmanna (LÍU), 126, 134(n10)

languages, in European Union, 190

Latour, Bruno, 131

Law 81, 189, 190, 199

Laxness, Halldór: works by, xxiv, xxv, xxxiv, xxxv–xxxvi, xxxvii

leadership, school, 164–65, 172–73

leasing, in fisheries, 115, 117

Left-Green Party, xx, xxvi, 50, 158

LennonOno Grant for Peace, 88

Lindberg, Carter, 206

Lippmann, Walter, 222

LÍU. See Landssamband íslenskra útvegsmanna

L-List party, 80

loans, xvii, xix, 139, 140, 143; fishing industry, 135(n20), 145; to holding companies, 41–42

lobby exhibitions, 100–102

Lutheran Church, charities, 208, 209

Lýsing Íslands (Thoroddsen), 8

Mæðrastyrksnefnd Reykjavíkur (Mothers’ Support Committee of Reykjavík), 202–4, 213; clientele of, 206–7; donations to, 210–11; economic crisis and, 208–10; media and, 205–6, 211–12; seasonal attention to, 207–8

Magnússon, Sigurður Gylfi, 20

maleness, masculinity, of Icelandic identity, 5–6, 8–9, 10, 12

Manic Millennium years, 11, 12, 33, 36, 39

Marcus, George, 232

Marine Research Institute (MRI), 124, 126, 134(n4)

marketing, 100; Iceland’s image, 98–99

Matthíason, Pálmi, xxxiv

media, 76, 98; and charities, 203, 205, 210–12; and economic expansion, 10–11; on financial sector, xxiii–xxiv, 52–53

MESC. See Ministry of Education, Science, and Culture

migrants, migration, work-related, 175–78. See also immigrants

Ministry of Education, Science, and Culture (MESC), 190, 198–99

Ministry of Social Affairs, 195

Ministry of the Interior, Icelandic language curriculum, 189–90

“Miracle on Iceland” (Gissurarson), xxi

Mises, Ludwig von, 222

Mishkin, Frederic (Frederick S.), xxii, 55–57

mobilization: as political opportunity, 73–75; public, 64, 65–73, 75–76

monitoring, of fisheries, 112–13, 117

morality, and banking crash, 48

mortgages, fishing rights as, 156

Mothers’ Support Committee of Reykjavík. See Mæðrastyrksnefnd Reykjavíkur

Moussaieff, Dorrit, 209

MRI. See Marine Research Institute

music, nature and, 101

National Centre for Cultural Heritage, 18

National Gallery of Iceland, 100

nationalism, 16, 18, 43, 44, 183; economic expansion and, 9–11, 20; as gendered, 5–6; nature and, 100–101; and neoliberalism, 12–13; Viking, xxiii, xxiv, 4

National Meeting, on social media, xxvii–xxviii

nation branding, 94, 98–99; nature and, 100–101

nature, as master narrative, 100–101, 105(n2)

Negri, Antonio, 201

neoclassical economists, xxv, xxviii

neoliberalism, xiii–xiv, xvi, xx, xxiv, xxv–xxvi, xxxiii–xxxiv, xxxvi, xl, 4, 70, 71, 93–94, 158, 217–19, 222–23, 230, 231; art and, 95–96, 102–3; as banality of evil, xxviii–xxix; as con, 221–25; and fishing industry, 127–28; and nationalism, 12–13; promoting, xxi–xxii

Netherlands, ITQs in, 110, 118

New Zealand, fisheries in, 111, 112, 114, 116–17

Next Best Party, 80

Nordic countries, immigrants from, 177

Nordic Miracle, 96

Nordic Partners, 11–12

Nordic Third World Country? Icelandic Art in Times of Crisis, The (exhibition), 102

Northern Lights: Nordic Cities of Opportunity, 89

Norway, 6, 15, 16

Oddsson, Davíð, xxi, xxxviii, 17, 18, 19, 20, 48, 86

Organisation for Economic Co-operation and Development (OECD), 112, 165, 171; Divided We Stand, 204

organizational culture, of banks, 49–50

Orkuveita Reykjavíkur, 85–86

Ortner, Sherry, 230

Östersund (Sweden), 102

ownership, concentration of, 115

People’s Bank of Iceland (Alþýðubanki Íslands), 37

Polayni, Karl, 123

Poles: as fisheries workers, 141, 143, 146; as migrants, 176–79, 181–83

political parties, 43, 218; and financial system, 50–51; financiers and, xxxvi–xxxvii; neoliberal, xxvi, xxvii; as social movements, 80–82. See also various parties by name

politics, politicians, xviii–xx, 17, 76; anarchist, 88, 89–90; art and, 95–97, 100; corruption, xxvii, 70–72; and economic crash, 44–45; election campaigns, 80–81; and financial sector, 50–52; and neoliberalism, xxvi–xxvii; and protests, 73–75

poor, worthy vs. unworthy, 206–7

Þorsteinsson, Þorvaldur, 99–100

Portes, Richard, xxii; on banking system, 56–57

postmodernism, xx, 229–32

Pots and Pans Revolution, xix, 84

poverty, xiv, 138, 204; and material aid charities, 203, 205–6

privatization, xiii, xxi, xl; of banking system, 29–31, 38–39, 43, 51; of fisheries, xvi, 113–14, 153, 159

Progressive Party, xxvii, 51, 218

Promote Iceland (Íslandsstofa), 98, 101–3

property, xxvi; common vs. individual, 129–30, 132, 135(n17); fish stock, 153, 154, 159

Proppé, Óttarr, 83, 88

protests, 63, 152; and economic crises, 64–65; participation in, 67–75; public, xix, 65–66

Proust, Marcel, 123

public: image of, 97–98; mobilization of, 67–76; protests, xix, 63, 64, 65–66; role of, 57–59

Public Image Committee, 97–98

public interest, 49, 50, 54

public sphere, 57–58

punk movement, and politics, 83, 90

Pussy Riot, 88

Qualiscunque descriptio Islandiae (Einarsson, Oddur), 7

Quota Kings, 156

quotas: fishing, xvi, 109–19, 125–26, 129–31, 134–35(nn13, 16, 18, 19), 139, 154–58; in Grundarfjörður, 144, 145

Rass, 83

recession, 176; rural community, 167–68

reciprocity, in Icelandic economy, 26–27

Reconciliation Committee (Sáttanefnd), 157

regulations: banking, xvii, 50; fisheries, xviii

remittances, 181–82

rent-seeking, 25–26

resilience, of communities, 137–38, 147–49

Resource Committee (Auðlindanefnd), 157

Reykjavík, 64, 138, 143, 145, 149; Best Party in, 81–86, 88–91; public protests in, 65–66

Reykjavík Academy, 16, 19

Reykjavík University, xxii, 20, 21, 55

Reynisson, Gísli, 11–12

risk taking: financial sector, 33, 34–36, 156; fisheries, 116–17

rock music, and politics, 83

rural sector, xxviii, 138, 153; economy, 139–49; schools in, 166–74

Rüstow, Alexander, 222

safety, in fisheries, 116–17

Saga Centers, 17

sagas, xxiii, xxiv, xxxix, 17

Said, Edward, 230

Sampo Group, 35

satire, Best Party use of, 82–83

Savings Bank of Keflavík, 36

savings banks, 35, 36, 41

Schön, Christian, 101

school districts, xxviii

schools: and economic crisis, 163–69; Icelandic language, 187–89, 191–99; post-crisis changes in, 169–74

Schumpeter, J. A., 25, 31, 32(n2)

science, and fish stock, 124–25

seafood trades, 28

Séð og heyrt (tabloid), 39

service community, schools in in, 166–70

Shearer, Tony, 43

SIC. See Special Investigation Commission

Sigurðardóttir, Jóhanna, 80, 205

Sigurðsson, Björgvin G., 10

Sigurðsson, Hreiðar Már, xxxviii, 3

Sigurðsson, Jón, 16, 18

Sigurgeirsdótter, Silla, 57

Singer & Friedlander, 43

Situationalists, 90

Sjóræninginn (The Pirate) (Gnarr), 87

Skírnir (journal), 8

Smárason, Hannes, 10

social contract, dislocation of, xvii–xviii

Social Democrats, xx, xxvi, 158

social media, xxvii–xxviii, 84

social movements: antigovernment, 63–64, 70–71; Best Party as, 80–82

social welfare, 204, 222

socioeconomic order, and economic crises, 201–2

Soviet Union, break up of, 231

Spain, migration to, 175

Special Investigation Commission (SIC), xxxviii, 21, 47, 95; on financial system, 51–52

standard of living, economic expectations, 67, 68

stock exchange, London, 30

stock market. See Iceland Stock Exchange

students, Icelandic language, 191–95

surrealism, and Best Party, 88, 90

sustainability, of communities, 137

Sveinn Sveinsson (fishing vessel), 152

Sweden, 35, 102

tabloids, and economic expansion, 10, 39

TAC. See total allowable catch

teachers, 170; Icelandic language, 191–95

telecommunication, 98

Thai migrants, 177

Thoroddsen, Þorvaldur, Lýsing Íslands, 8

total allowable catch (TAC), 109, 139, 154, 158

tourism, 17, 146

unemployment, xxvi; Grundarfjörður, 141, 145–46; and immigrants, xxviii, 175–76, 178–80, 184

unions, 37; and immigrants, 180, 181

United Kingdom, and Icelandic banks, xviii, xxxix–xl, xlii

United Nations Human Development Index, 152

United Nations Human Rights Committee (HRC), 160; on fisheries, 152, 154–55, 157–58

United States, xiv, 18, 110, 207; 2008 financial crisis, xvii, xviii; banking system, 38, 46(n14); neoliberalism, xxix, 218

universities, role of, 53–54

University of Iceland, xxiii, 16, 166

urban sector, xxviii, 138

Vatneyri case, 153

Venture Vikings. See Business Vikings

Verzlundarbanki Íslands, 37

Viking spirit, xxiii–xxiv, xxv, 17, 219; of entrepreneurs, 9–10; neoliberalism, 93, 94

virtualism, virtualization, xx–xxi; and fishing industry, 122–28, 130–33, 218

volcanic eruptions, xxxix, 98

Wade, Robert, 57

Washington Consensus, 232

wealth, xiii, xiv, xvi, xvii

West Fjords, fishing industry in, 122–24, 130, 153

WGE. See Working Group on Ethics

What Is Kaupthinking (video), 39

women’s organizations, 202

Working Group on Ethics (WGE), 21, 49, 52, 58; on academic experts, 53–54; inquiry by, 47–48; on political sector, 50–51

work practices, 48, 49; artists’, 102–3

World Light (Laxness), xxxiv

World War II, 27

Zizek, Slavoj, 123

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