Lal Reviving the Invisible Hand

The Case for Classical Liberalism in the Twenty-first Century
Course Book
ISBN: 978-1-4008-3744-1
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 336 Seiten

No detailed description available for "Reviving the Invisible Hand".

Autoren/Hrsg.

Lal, Deepak

Fachgebiete

• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein Politische Globalisierung
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets

Inhaltsverzeichnis

PREFACE ix

Introduction: The Origins of "Capitalism" 1

Globalization 9

Chapter 1: Liberal International Economic Orders 17

Mercantilism 20

The Nineteenth-Century LIEO 22

Pax Britannica and Economic Development 32

The End of the First LIEO 36

Recreating a New LIEO 40

Chapter 2: From Laissez Faire to the Dirigiste Dogma 48

Classical Liberalism and Laissez Faire 48

Poverty and Industrialization in Nineteenth-Century Britain 52

"Manna from Heaven" Distributivism 53

Competition and Monopoly 56

The Rise of "Embedded Liberalism" in the United States 59

Chapter 3: The Changing Fortunes of Free Trade 62

The Rise, Fall, and Rise of Free Trade 62

U.S. Economic Policy 65

The New Protectionism 68

The Rise of Preferential Trading Arrangements 71

Another Globalization Backlash? 80

Adjustment Assistance? 85

Whither the WTO? 86

APPENDIX: FREE TRADE AND LAISSEZ FAIRE IN THEORY 91

Chapter 4: Money and Finance 95

International Monetary Regimes 97

International Capital Flows 105

The Global Financial Infrastructure 122

Chapter 5: Poverty and Inequality 127

Poverty Head Counts 128

Income Gaps 135

Foreign Aid 139

Chapter 6: Morality and Capitalism 150

Introduction 150

Analytical Framework 151

Changing Material and Cosmological Beliefs 154

Communalism versus Individualism 157

From Victorian Virtues to Modern Values 160

Modernization and Westernization 165

Conclusions 180

Chapter 7: "Capitalism with a Human Face" 182

Introduction 182

Justice and Freedom 183

Rights 185

Social Paternalism and Dirigisme 187

Moral Paternalism and the New Victorians 189

Capitalism and Happiness 192

The Corporation under Attack 195

Conclusions 203

Chapter 8: The Greens and 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

Über Autor(innen)

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.