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

"What would Adam Smith and David Hume have had to say about globalization, human rights, outsourcing and free trade, capital controls, the WTO, the IMF and the World Bank, Islamic fundamentalism, the rise of China and India, the environment, the welfare state, U.S. foreign policy, and every other major issue if they were alive today? The closest you can ever come to finding out is to read this brilliant and provocative book by the last, but by no means the least, of the classical liberals, Deepak Lal."--Ronald E. Findlay, Columbia University"This splendidly and subtly argued defense of the classical liberal position makes a highly valuable contribution to the globalization debate."--Harold James, Princeton University, author of "The End of Globalization""Deepak Lal's "Reviving the Invisible Hand" is a brilliant account of modern economic theory and policy written from a rigorous classical liberal perspective. Lal shows a thorough knowledge of classical liberal theory and an enviable ability to apply it to any economy. Furthermore, he demonstrates that the greatest threat to world economic progress and stability comes not from old-fashioned socialism, but from the recent, fashionable modifications of the classical liberal model. It is remarkable that a technical economist should display such competence and originality in areas seemingly far removed from the diagrams and equations of orthodoxy. And his style is rigorous, well-paced, and just a little cheeky."--Norman Barry, University of Buckingham, England, author of "Classical Liberalism in the Age of Post-Communism"Lal, Deepak is the author of 'Reviving the Invisible Hand The Case for Classical Liberalism in the Twenty-first Century', published 2006 under ISBN 9780691125916 and ISBN 0691125910.