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Reviving the invisible hand: the case for classical liberalism in the twenty-first century

Author: Lal, Deepak Publisher: Princeton University Press, 2006.Language: EnglishDescription: 320 p. : Graphs ; 24 cm.ISBN: 0691125910Type of document: BookBibliography/Index: Includes bibliographical references and index
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Item type Current location Collection Call number Status Date due Barcode Item holds
Book Europe Campus
Main Collection
Print HB95 .L35 2006
(Browse shelf)
Available 001222037
Total holds: 0

Includes bibliographical references and index


Reviving the Invisible Hand The Case for Classical Liberalism in the Twenty-First Century Contents 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 Dirigist 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 CONTENTS 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

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