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Truth, Errors, and Lies: Politics and Economics in a Volatile World
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(c) 2025 Columbia University Press. All Rights reserved.
Page 7
Table of Contents
Page 9
The Navigator
Page 13
1. The World, Words, and Meaning: Where Truth, Errors, and Lies in Economics and Politics Come from and What to Do to Make Truth Come First
Page 38
2. How Things Happen: Economic Processes—What Science, Policy, and Happenstance Have to Do with Them and Who Set It Up This Way
Page 52
3. A Brief History of the World and What We Can Learn from It: Why Some Countries Are Wealthy and Others Poor and Whether It Must Always Be So
Page 90
4. Globalization—and Then What? Where Globalization Originated and How to Come Out Ahead in the Era of Worldwide Interdependence
Page 139
5. The World As It Is: How People Are Coping in Various Corners of a Changing World
Page 216
6. The Withering of Neoliberalism and Its Tattered Legacy: Why a Harmful Concept Rose to Temporary Ascendancy in Half the World and What to Do About It
Page 268
7. What Development Is and What It Depends On: Where Socioeconomic Development Comes from and How It Can Make Us Happy
Page 305
8. Stagnation and Development—Institutions, Policy, and Culture: On the Rules of the Economic Game, Deleterious and Progressive Policies, and the Signifi cance of Culture in Development
Page 331
9. The Coincidence Theory of Development and the New Pragmatism: What Output Growth and Economic Development Depend On and How to Make Them Better
Page 350
10. The Uncertain Future: What Awaits Us in the Near and Distant Future and What Say We Have in It
Page 433
A Letter
Page 437
Notes
Page 453
Index
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The Navigator (4)
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1. The World, Words, and Meaning: Where Truth, Errors, and Lies in Economics and Politics Come from and What to Do to Make Truth Come First (25)
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2. How Things Happen: Economic Processes—What Science, Policy, and Happenstance Have to Do with Them and Who Set It Up This Way (14)
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3. A Brief History of the World and What We Can Learn from It: Why Some Countries Are Wealthy and Others Poor and Whether It Must Always Be So (38)
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4. Globalization—and Then What? Where Globalization Originated and How to Come Out Ahead in the Era of Worldwide Interdependence (49)
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5. The World As It Is:How People Are Coping in Various Corners of a Changing World (77)
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6. The Withering of Neoliberalism and Its Tattered Legacy: Why a Harmful Concept Rose to Temporary Ascendancy in Half the World and What to Do About It (52)
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7. What Development Is and What It Depends On:Where Socioeconomic Development Comes from and How It Can Make Us Happy (37)
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8. Stagnation and Development—Institutions, Policy, and Culture: On the Rules of the Economic Game, Deleterious and Progressive Policies, and the Significance of Culture in Development (26)
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9. The Coincidence Theory of Development and the New Pragmatism: What Output Growth and Economic Development Depend On and How to Make Them Better (19)
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10. The Uncertain Future: What Awaits Us in the Near and Distant Future and What Say We Have in It (83)
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A Letter (4)
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Notes (16)
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Index (20)
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444 Index Colombia, 36, 89, 90, 136, 137, 174, 189 Cuba, 166, 168, 171, 210, 348; HDI of, 163, 164, colonialism, 12, 35, 80, 99, 118, 408; in Africa, 165 149, 308; and development, 63, 64, 381; end culture: Arab, 56, 57, 316; and clash of of, 31, 110, 128; and globalization, 101; in civilizations, 57–58, 338, 347, 349, 419; and Latin America, 44, 89; Spanish, 111, 126, coincidence theory, 322, 325, 332; Cold-War, 351; U.S., 89, 304; vs. democracy, 304 253–54; and consumption, 311, 348; and Columbus, Christopher, 43 democracy, 304; and development, 57, Commonwealth of Independent States (CIS), 65–66, 67, 163, 265, 279, 286, 290, 309, 232, 275, 354, 429n12, 438n6 310–18, 335, 347–50; Eastern, 227, 230, 233, communism, 92, 103, 230, 308, 403; end of, 272; and economic models, 208, 317, 321; 347; and motivation, 315; and social market and environment, 369, 416; ethnic, 312; economies, 253; and world empire, 111–12 exchanges of, 63; in the future, 334, 343; and Communist Manifesto (Marx and Engels), 44, globalization, 89, 90, 91, 93, 101–2, 313, 91–92 347–50, 352, 353; and GNH, 269, 270, 413; comparison, 39; and coincidence theory, 322, and institutions, 296, 297, 311, 313, 316; and 325; by decile ratios, 136–38; of incomes, Internet, 398; and ISI, 271; and knowledge, 60–61, 129–31; methodologies for, 139–44; 386, 388, 403; and leisure time, 397; local, of natural disasters, 132–33; over time, 409; and motivation, 314–16; and 60–61 neoliberalism, 209; and NGOs, 356, 357; in Confucius, 50 Poland, 218, 301, 312; and population, 372, Congo, Democratic Republic of, 130, 171, 377; and regional groups, 355; and 193, 270, 372; cell phones in, 398; and resources, 362, 364; and social market globalization, 105; new species in, 181; economies, 253; and standardization, 125; stagnation in, 64, 132 and the state, 247, 248; and technology, The Constant Gardener (Le Carré), 161 392, 393; U.S., 378; and values, 317, 347–50. Constantinescu, Emil, 334 See also multiculturalism consumption: in coincidence theory, 330, 331; currencies: in Africa, 117, 118, 201, 413, 431n19; and culture, 311, 348; and development, 257, in Caribbean, 117, 431n20; Chinese, 34, 258–61, 263, 264, 265; of energy resources, 118, 119, 189, 413; and coincidence theory, 360, 361, 363; and environment, 108, 369; 333; common, 117–24, 352, 413; and debt, and geography, 103; and HDI, 158; and 184, 196, 198–99; devaluation of, 119, 199, intellectual property rights, 297; and 214; dollar, 34, 49, 91, 118–22, 123, 197–99, interdependence, 93; and labor productivity, 201, 220, 226, 351, 413; early, 49, 54; euro, 331–32; and leisure time, 225, 397, 415; in 32, 117–19, 120, 201, 226, 413, 431n19, North America, 277, 369; in Poland, 331; of 432n21; and fi nancial markets, 95; and public services, 113–15, 399; relative levels of, globalization, 89, 91, 96–97, 351; and gold 70; and resource barrier, 277–78; in U.S., standard, 117; in Polish reforms, 215; and 102, 202, 225; vs. income, 129, 221 regional groupings, 354; relative values of, Copernicus, 395, 410 34; and role of the state, 326; Russian, 34, corporations, multinational, 81, 194, 360, 388; 118, 119; speculation in, 123, 200–201. See and globalization, 104, 105, 110, 123, 125; also exchange rates and NGOs, 356; and the state, 245; vs. Cyprus, 33, 162, 266 national politics, 279 Czech Republic, 11, 132, 136, 138, 185, 328; HDI corruption, 88, 91, 171, 296, 356; in Russia, of, 162, 165 237–38; and the state, 244–45; by U.S., 349 Costa Rica, 36, 168, 314, 406 Darfur, 280, 357, 400 Crace, Jim, 28 Darius I (king of Persia), 50 crime, 145, 240; and Internet, 402–3; Darwin, Charles, 36–37, 177, 395 organized, 98, 104, 125, 296, 327; in Russia, debt, 182–203; and exchange rates, 196, 198–99; 237–38 and foreign exchange reserves, 183–85; crises, 208, 301, 346; in energy resources, 396; global, 190–91; and income distribution, fi nancial, 95, 98, 117, 119, 188, 193, 200, 258; in Latin America, 192, 193, 208, 209; 201–2; future, 128, 341; and Internet, and neoliberalism, 210; of Poland, 192, 193, 402–3; in U.S., 201–2 199–200; relief of, 193; of Russia, 188, 192, Croatia, 32, 168, 314, 439n13 193, 199, 237; U.S., 191–93, 220–21
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(c) 2025 Columbia University Press. All Rights reserved.
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