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Truth, Errors, and LiesPolitics and Economics in a Volatile World$
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Grzegorz Kolodko

Print publication date: 2012

Print ISBN-13: 9780231150699

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231150699.001.0001

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How Things Happen

How Things Happen

Economic Processes—What Science, Policy, and Happenstance Have to Do with Them and Who Set It Up This Way

(p.26) Chapter Two How Things Happen
Truth, Errors, and Lies

Grzegorz W. Kolodko

, William R. Brand
Columbia University Press

This chapter illustrates how numerous economic processes and phenomena were never predicted, but only recognized in retrospect. Attempts to extend trends from the past into the future can sometimes be accurate, but are usually wrong. Future studies will take an interdisciplinary approach that anticipates completely new phenomena indicated through the recognition of trends in scientific-technological progress and cultural and social evolution. In the real process of development, however, change occurs in one certain way rather than another, since these processes are conditioned by a complicated structure of events that are not only economical and financial in nature, but also political and cultural. To understand what is happening in the global economy, it is necessary to look at three dimensions: the geographical, the historical, and the interdisciplinary. Adding comparative studies to these three dimensions for analysis can lead to perceptions of various aspects of phenomena that, in a different case, might be overlooked.

Keywords:   future studies, social evolution, cultural evolution, global economy, geographical dimension, historical dimension, interdisciplinary dimension, comparative studies

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