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6. The Withering of Neoliberalism and Its Tattered Legacy 433
3 . On the methodology used to construct the Human Development Index,
as well as the full fi gures and their components for individual countries, see
World Development Indicators 07 (Washington, DC: The World Bank, 2007)
and Development and the Next Generation: World Development Report (Wash-
ington, DC: The World Bank, 2007).
4 . See World Health Organization, The World Health Report 2007. A Safer
Future: Global Public Health Security in the 21st Century (Geneva: WHO Press,
2007), http://www.who.int/whr/2007/en/index.html.
5 . Armartya Sen, Development as Freedom (New York: Alfred A. Knopf,
2000).
6 . Freedom House provides methodological explanations and detailed data
at its website, www.freedomhouse.org.
7 . Similarly, the Heritage Foundation features detailed information at
www.heritage.org.
8 . Bjørn Lomborg, The Skeptical Environmentalist: Measuring the Real State
of the World (Cambridge: Cambridge University Press, 2001).
9 .Ecosystems and Human Well-being: Current State and Trends (Chicago:
Island Press, 2005), www.millenniumassessment.org.
10 . www.cia.gov.
11 . Offi 2008 were 46.2 billion euros, cial reserve assets at the end of January
equal to $68.6 or 167.8 billion Polish zloty.
12 . Parikshit K. Basu, “Financial Globalisation and National Economic
Sustainability,” Global Economic Quarterly , 3, no. 2 (2002): 145–62; Dipak Das-
gupta, Marc Uzan, and Dominic Wilson, eds., Capital Flows Without Crisis?
Reconciling Capital Mobility and Economic Stability (London: Routledge, 2001).
6. The Withering of Neoliberalism and Its Tattered Legacy
1 . Among those proclaiming this view is the 2004 Nobel Prize winner Ed-
ward C. Prescott, in his “Nobel Lecture: The Transformation of Macroeco-
nomic Policy and Research,” Journal of Political Economy , 114, no. 2 (2006):
203–35.
2 . U.K. Chancellor of the Exchequer Ian MacLeod (Conservative) intro-
duced the concept into the political and economic idiom as early as 1965, but it
rose to prominence later, in the 1970s, when the analysis of the stagfl ation
process served as the basis for Gottfried Haberler’s economic theory. See Eco-
nomic Growth and Stability: An Analysis of Economic Change and Policies (Los
Angeles: Nash Publishing, 1974), and The Problem of Stagfl ation: Refl ection on
the Microfoundation of Macroeconomic Theory and Policy (Washington, DC:
American Enterprise Institute for Public Policy Research, 1985).
3 . János Kornai, Economics of Shortage (Amsterdam: North-Holland, 1980).
