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

Deepak Lal

ISBN 10: 0691125910 / ISBN 13: 9780691125916

Published by Princeton University Press, 2006

About this Item

Reviving the Invisible Hand: The Case for Classical Liberalism in the Twenty-first Century This book is in very good condition and will be shipped within 24 hours of ordering. The cover may have some limited signs of wear but the pages are clean, intact and the spine remains undamaged. This book has clearly been well maintained and looked after thus far. Money back guarantee if you are not satisfied. See all our books here, order more than 1 book and get discounted shipping. .

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Bibliographic Details

• Title: Reviving the Invisible Hand: The Case for Classical Liberalism in the Twenty-first Century
• Publisher: Princeton University Press
• Publication Date: 2006
• Language: English
• ISBN 10: 0691125910
• ISBN 13: 9780691125916
• Binding: Hardcover
• Condition: Very Good

About this title

Synopsis

"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.

About the Author

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 Societa Liberia.