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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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452 Index Lin, Justin Yifu, 241, 436n29 market forces, 72, 73, 104, 112–13, 292 Lipton, David, 237 markets: in China, 229, 230, 232, 234; and Lisbon Agenda (E.U.), 32, 38 development, 72, 73, 290, 292, 344; and literacy: and democracy, 307; and development, ends vs. means, 324; equilibrium of, 87, 158, 163, 266; in future, 418; improvements 88; free, 32–33, 208, 224, 240, 290; and in, 53–54; inequalities in, 141; and globalization, 82, 83, 110, 353; and income interdependence, 93; and Internet, 402; distribution, 136, 223; and institutions, and knowledge-based economies, 388, 299; integration of, 86, 89; invisible hand 390; and socialism, 162–63; of women, 187. of, 73, 109, 224, 248; and liberalization, 85, See also education 215; and neoliberalism, 16, 104, 208, 224; Lithuania, 64, 201, 373, 438n6 in postsocialist countries, 128, 212, 215, 218, Live Earth, 280 220, 240, 309; and privatization, 323; and living standards: and aging populations, 376; reforms, 11, 12; and spontaneity, 330; and in coincidence theory, 331; comparisons of, the state, 73, 242–48, 249, 357; vs. 60; in developed countries, 106, 152–57; democratic government, 112–13; vs. and development, 262, 263, 264, 266; planned economy, 128, 205–6. See also dollar-a-day, 141, 145–52; and energy fi nancial markets resources, 362; future, 344, 418; and HDI, Marshall Islands, 348 157–58; inequalities in, 141–57, 383; and Marx, Karl, 44, 91–92, 386 labor productivity, 265; past vs. present, Marxism, 382 69–71, 408; in social market economies, mathematics, 24, 25, 57, 321–22 254; and universal currency, 122; vs. capital, Mauritania, 193, 328 257–61; vs. income, 129–30 Mauritius, 177 Lorenz curve, 133–34 Mayas, 44, 178, 290 L’Ouverture, Toussaint, 94 Mazowiecki, Tadeusz, 213–14 Lucas, Robert E., 288 McCarthy, Cormac, 28 Lula da Silva, Luiz Inácio, 182, 384–85 Médecins sans Frontières, 356 Luxembourg, 31, 61, 130, 171, 195, 270, 273, 316 media: bias of, 3, 17–18; and corruption, 244; and culture, 312, 409; and economics, Maastricht, Treaty of, 189, 432n21 9–10, 16; on energy resources, 360, 363; Macao, 188 on environment, 174, 179; on fi nance, 185, Macedonia, 33, 64, 345 190; and freedom rankings, 172–73; and MacLeod, Ian, 433n2 intelligence services, 21–22, 426n18; Madagascar, 64, 193, 223 and interdependence, 96–97; and Maddison, Angus, 59, 428n7 Lendenbaums, 155; lies of, 21, 174; and Mahathir, Mohammad, 315 neoliberalism, 122, 210, 252; in Poland, 215, Malawi, 60, 64, 159, 193 217; and policy, 308; and politics, 13, 15–18, Malaysia, 130, 196, 228; development in, 166, 303; and pro-growth lobby, 336; and 277, 314, 315, 316; and globalization, 102; science, 340, 394; and the state, 245; and pragmatism in, 325 terrorism, 404; and war, 407; Western, Mali, 85, 118, 149, 168, 193, 231; birth rate in, 21–22, 226 372, 436n22; fi lm industry in, 248–49; Medvedev, Dmitri, 188 HDI in, 159, 163; vs. Poland, 60–61 Mercosur (Mercado Común del Sur), 89, 354, Malta, 162, 191, 429n12 439n7 Malthus, Thomas, 276 Mesopotamia, 47–48, 76 management, 269, 388, 399, 435n14; and Mexico, 44, 65, 94, 192, 241, 380; democracy coincidence theory, 322, 325, 332; and in, 168, 173; migration from, 30; and U.S., development, 62, 132, 265, 286; and direct 32, 226 foreign investment, 186; and future Mickiewicz, Adam, 44 technology, 396–97; of institutions, 296, Middle Ages, 56, 62, 63, 68, 80, 297, 307 300, 350 middle class, 6, 85, 145, 263, 272; expansion of, Mandelson, Peter, 240 92; in the future, 415, 418; past vs. present, Man of Marble (fi lm), 27 69–70 manufacturing, 55, 103, 108, 131 Middle East: development in, 65, 166, 289, 315; Mao Zedong, 60, 61, 111–12, 228, 232 and E.U., 33–34; and exchange rates, 201;
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(c) 2025 Columbia University Press. All Rights reserved.
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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.
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