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Truth, Errors, and Lies: Politics and Economics in a Volatile World resources

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430 3. A Brief History of the World and What We Can Learn from It Maddison. Data for the quartile groups based on Maddison, The World Econ- omy: Historical Statistics (Paris: OECD, 2003). See also the estimates in 1990 prices made by the International Monetary Fund, World Economic Outlook (Washington, DC, 2000). 17 . This is the title of the lovely book by Lapierre, which served as the basis for the later, less-than-lovely fi lm adaptation. A major character in the book is a Catholic priest from Poland, Stephan Kovalski, but his place is taken in the fi lm by an American nurse, and not because of some possible association with Mother Teresa, but rather for commercial reasons. Dominique Lapierre, The City of Joy (New York: Warner Books, 1985); the 1995 fi lm is directed by Roland Joffe. 18 . So it has been at least since the publication in 1776 of Adam Smith’s An Inquiry into the Nature and Causes of the Wealth of Nations . 19 . See David S. Landes, The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor (New York: W. W. Norton, 1998). 4. Globalization—and Then What? 1 . As pointed out by Vincent Cable, Globalization and Global Governance (London: Royal Institute of International Affairs, 1999). 2 . David W. Pearce, ed., The MIT Dictionary of Modern Economics (Cam- bridge, MA: MIT Press, 1992). 3 . V. I. Lenin, Imperialism, The Highest Stage of Capitalism , www.marxists.org. 4 . Kwame Nkrumah, Neo-Colonialism: The Last Stage of Imperialism (Lon- don: Thomas Nelson & Sons, 1965). 5 . It should be “goods and services,” not “merchandise and services.” Mer- chandise is the product of human labor intended for exchange (sale) and can be either a good (material) or a service. Therefore, “merchandise and services” is a tautology, because it literally means “goods and services and services.” 6 . Karl Marx and Friedrich Engels, Manifest der Kommunistischen Partei (London, 1848); the “Communist Manifesto” was fi rst published in German. www.marxists.org 7 . See Federico Mayor et al., The World Ahead: Our Future in the Making (London: Zed, 2001), p. 136. 8 . Thomas L. Friedman, The World Is Flat: A Brief History of the Twenty-fi rst Century (New York: Farrar, Straus, and Giroux, 2005). 9 . For the functioning of the global fi nancial market, its impact on the real economy, and the benefi nance, see Finan- ts and risks of the globalization of fi cial Globalization: The Impact on Trade, Policy, Labor, and Capital Flows (Wash- ington, DC: International Monetary Fund, 2007). 10 . Christopher Andrews and Vasili Mitrokhin provide a fascinating ac- count of this historical moment in the second volume of their inside account

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