Reviving the Invisible Hand: The Case for Classical Liberalism in the Twenty-first CenturyReviving 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. |
From inside the book
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... 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 ...
... Global Disorder 205 Introduction 205 The Rise of the NGOS 205 Sustainable Development 211 The Greens and Ecological Imperialism 214 Toward World Disorder 227 Chapter 9 Conclusions 231 Notes 237 Bibliography 279 Index 307 Preface In the ...
... — most notably China and India — liberalized their economies and joined the bandwagon of global- ization . But , the dirigiste impulse does not die . It has now transmuted itself into a new dirigisme , which as in the past ix I.
... global order required for an international liberal economic order would emerge as a spon- taneous byproduct of limited government and unilateral free trade promoted at home . The two books are thus complementary . In Praise of Empires ...
... global capitalism is written from the classical liberal viewpoint . It provides a more robust case for economic liberalism , based on evidence and argument , than many recent defenders of globalization seem willing to make , as they re ...
Contents
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 |
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Reviving the Invisible Hand: The Case for Classical Liberalism in the Twenty ... Deepak Lal No preview available - 2008 |