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Laissez Faire ne se Laisse Plus Faire

  • G. Adler-Karlsson
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Part of the Studien über Wirtschafts- und Systemvergleiche book series (STUDIEN)

Abstract

Only one hundred years ago the doctrine of laissez faire — of free trade within and between nations with an absolute minimum of government interference — was an almost unchallenged dogma, as it still is today among many conservative or liberal thinkers. Theoretically it has been backed up by the Hayek — Friedman school for the domestic economy and by the Ricardo — Harry Johnson school in the international economy.

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Notes

  1. 1).
    For one set of estimates, see J.W. Hare, The U.S. and World Development. Agenda for Action 1975. Overseas Development Council and Praeger Publishers, New York 1975, p. 214.Google Scholar
  2. 2).
    United Nations, Multinational Corporations in World Development. New York 1973, pp. 52 ff.Google Scholar
  3. 3).
    United Nations, Multinational Corporations in World Development. op. cit.Google Scholar
  4. 4).
    H. Singer, “International Policy and its Effect on Employment”. R. Jolly et al. editors, Third World Employment. Problems and Strategy. Penguin 1973, p. 419.Google Scholar
  5. 5).
    Irma Adelman and Cynthia Taft Morris, “An Anatomy of Income Distribution Patterns in Developing Countries.” Development Digest, October 1971. Here quoted from: B. Fritsch, Wachstumsbegrenzung als Machtinstrument. Deutsche Verlag-Anstalt Stuttgart, 1974, p. 141. For more detailed figures for 43 nations, see also Irma Adelman and Cynthia Taft Morris, Economic Growth and Social Equity in Developing Countries. Stanford University Press, Standford, California, 1973, p. 152.Google Scholar
  6. 6).
    See Business Week, April 21, 1975, p. 38 or International Herald Tribune, April 5, 1975.Google Scholar
  7. 7).
    Soviet magazine NedeIja, May 20, 1975.Google Scholar
  8. 8).
    For a description of the Yugoslav foreign trade system, see R. Bicanic, Economic Policy in Socialist Yugoslavia. Cambridge University Press, 1973 ch. 8. This author gives an open unemployment of 8 per cent for 1965 and “disguised unemployment in some sectors of up to 20 per cent of employed labour, on top of this 300.000 workers worked abroad”. Op. cit. p. 139.Google Scholar
  9. 9).
    For a journalist report on this theme, see H. Smith, “The Russians Mean Business”, The Atlantic, December 1974, p. 45.Google Scholar
  10. 10).
    M. Seeger, “Moscow”, The Atlantic, Vol. 233, No. 2, February 1974, p. 6.Google Scholar
  11. 11).
    For another journalistic report of these problems, see H. E. Meyer, “Buying Spree Won’t Last”, Fortune, January 1975, p. 135.Google Scholar

Copyright information

© Springer-Verlag Wien 1976

Authors and Affiliations

  • G. Adler-Karlsson

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