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...

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...

Liberal international economic orders -- From laissez faire to the dirigiste dogma -- The changing fortunes of free trade -- Money and finance -- Poverty and inequality -- Morality and capitalism -- "Capitalism with a human face" -- The greens and global disorder

This paper notes that there is a need to get to a fourth stage in the evolution of the relationship of free trade to laissez faire going beyond the three stages identified in Max Cordon's magisterial book. In the first stage free trade was a special case of the argument for laissez faire. In the...