Reviving the Invisible Hand: The Case for Classical Liberalism in the Twenty-first Century

Cover

Reviving the Invisible Hand is an uncompromising call for a global return to a classical liberal economic order, free of interference from governments and international organizations. Arguing for a revival of the invisible hand of free international trade and global capital, eminent economist Deepak Lal vigorously defends the view that statist attempts to ameliorate the impact of markets threaten global economic progress and stability. And in an unusual move, he not only defends globalization economically, but also answers the cultural and moral objections of antiglobalizers.


Taking a broad cross-cultural and interdisciplinary approach, Lal argues that there are two groups opposed to globalization: cultural nationalists who oppose not capitalism but Westernization, and new dirigistes who oppose not Westernization but capitalism. In response, Lal contends that capitalism doesn't have to lead to Westernization, as the examples of Japan, China, and India show, and that new dirigiste complaints have more to do with the demoralization of their societies than with the capitalist instruments of prosperity.


Lal bases his case on a historical account of the rise of capitalism and globalization in the first two liberal international economic orders: the nineteenth-century British, and the post-World War II American.


Arguing that the new dirigisme is the thin edge of a wedge that could return the world to excessive economic intervention by states and international organizations, Lal does not shrink from controversial stands such as advocating the abolishment of these organizations and defending the existence of child labor in the Third World.

 

Was andere dazu sagen - Rezension schreiben

Es wurden keine Rezensionen gefunden.

Inhalt

V
17
VI
20
VII
22
VIII
32
IX
36
X
40
XI
48
XII
52
XXXI
139
XXXII
150
XXXIII
151
XXXIV
154
XXXV
157
XXXVI
160
XXXVII
165
XXXVIII
180

XIII
53
XIV
56
XV
59
XVI
62
XVII
65
XVIII
68
XIX
71
XX
80
XXI
85
XXII
86
XXIII
91
XXIV
95
XXV
97
XXVI
105
XXVII
122
XXVIII
127
XXIX
128
XXX
135
XXXIX
182
XL
183
XLI
185
XLII
187
XLIII
189
XLIV
192
XLV
195
XLVI
203
XLVII
205
XLVIII
211
XLIX
214
L
227
LI
231
LII
237
LIII
279
LIV
307
Urheberrecht

Andere Ausgaben - Alle anzeigen

Häufige Begriffe und Wortgruppen

Über den Autor (2006)

Deepak Lal is James S. Coleman Professor of International Development Studies at the University of California, Los Angeles, professor emeritus of political economy at University College London, and former Research Administrator at the World Bank. He has advised many governments and international agencies and is the author of numerous books on economic development and public policy, including In Praise of Empires (Palgrave Macmillan), The Poverty of Development Economics, and Unintended Consequences. In 2007, he received the International Freedom Award for Economy from the Società Liberia.

Bibliografische Informationen