Against Dirigisme: The Case for Unshackling Economic Markets

adjustment American argued argument basic needs British capital classical liberalism comparative advantage competition concerned costs demand developing countries Development Economics dirigiste distortions distribution domestic Economic Growth economic welfare economists effects efficiency egalitarian elites ethical European exports externalities finance fiscal foreign trade free trade GATT global greenhouse effect groups Hayek hence human rights important income increase Indian industrial Institute interest international economic international trade intervention laissez-faire LDCs liberal liberal international liberty London market economy market failure ment mercantilist minimum labor standards modern monetary moral nation-states noted Nozick OECD outcomes Oxford ozone particular pecuniary externalities Political Economy politicians poor principles problems production promoting protection protectionism protectionist recent relative result social society subsidies tariff theory third world Trade Policy trading blocs United Kingdom University various welfare economics West Western World Bank world economy