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Tim Harford discusses The World of Truth in his article. What is The World of Truth? Explain how this World differs from the world discussed

Tim Harford discusses "The World of Truth" in his article. What is "The World of Truth?" Explain how this "World" differs from the world discussed in the North articles

http://home.cerge-ei.cz/hromadkova/Files/AAU/Perfect%20markets%20and%20externalities.pdf (page 61-78)

https://edisciplinas.usp.br/pluginfile.php/1695541/mod_resource/content/1/North%20%281991%29.pdf

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