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The Constitution of Liberty in the Open Economy
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The Constitution of Liberty in the Open Economy

Book Details

Format Paperback / Softback
ISBN-10 0415646928
ISBN-13 9780415646925
Publisher Taylor & Francis Ltd
Imprint Routledge
Country of Manufacture GB
Country of Publication GB
Publication Date Nov 15th, 2012
Print length 304 Pages
Weight 466 grams
Dimensions 23.10 x 15.70 x 1.70 cms
Product Classification: International trade
Ksh 8,800.00
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This book, a well-argued treatise on the benefits of neo-classical free trade, develops the principles of a liberal foreign trade theory and provides a new conceptual basis for discussing the argument between free-trade and protectionism.
In these heady days of ever increasing globalization it has become vital to question whether governments should be allowed to protect domestic enterprises from foreign competitors.
This book represents a first attempt to provide a new conceptual basis for discussing the cases in which free trade should be the option of choice in trade policy and those in which protectionism should be used. Lüder Gerken expands the economic tool of ordo-liberalism, founded by Walter Eucken and developed by Friedrich von Hayek, to make it applicable to foreign trade.
With impressive clarity and ingenuity, Gerken powerfully argues a scientific case for free trade as a best practice solution to the demands of globalization

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