The Limits of International Cooperation

  • Deepak Lal


When Milton Friedman delivered the first Wincott Lecture in 1970 on The Counter Revolution in Monetary Theory,1 he could hardly have imagined how quickly the ideas of economic liberalism would be accepted and, however imperfectly, begin to be adopted in the conduct of the internal affairs of most countries. So much so that my former colleague, David Henderson, viewing the world from the vantage point of the OECD, has called the second part of this decade an ‘emergent new Age of Reform’.2


Exchange Rate Greenhouse Effect Ozone Layer Macroeconomic Policy Exchange Rate Policy 
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Copyright information

© The Wincott Foundation 1996

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  • Deepak Lal

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