February 22, 2017

Anti-Liberalism 2000: The Rise of New Millennium by David Henderson, G. C. Harcourt, Geoffrey Owen

By David Henderson, G. C. Harcourt, Geoffrey Owen

Within the final twenty-five years, many nations have launched into programmes of monetary liberalisation. yet, David Henderson argues, it's a mistake to think that financial liberalism has triumphed: anti-liberal forces are robust and in a few respects have won floor. Henderson analyses those forces, new and outdated. as well as the continued carry of 'pre-economic ideas', new parts comprise anti-market NGOs, a much wider circle of perceived 'victims of injustice', the unfold of labour industry rules, and an 'alarmist consencus' approximately globalisation and environmental degradation. the mix of previous and new principles leads to 'new millennium collectivism', which supplies the most impetus in the back of the anti-liberalism of this present day. Geoffrey Harcourt, in a remark, consents with a few of Henderson's perspectives, yet disagrees rather at the desire for minimal criteria in labour markets. He contends additionally that Henderson is simply too demanding on NGOs and too inspired with the long term aggressive equilibrium version. David Henderson responds to the reviews and units out additional concerns that must be explored.

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Extra resources for Anti-Liberalism 2000: The Rise of New Millennium Collectivism

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A similar treatment of evidence can be found in other areas of presumed ‘marginalisation’ and injustice. Regulating the world Widening the circle of victims and assigning blame to the operation of ‘unfettered’ markets point the way to a range of interventionist measures and programmes. I have already touched on labour laws and regulations within countries. But there are also proposals for regulating the world as a whole. 26 new millennium collectivism Among these, I shall mention now only measures relating to terms and conditions of employment.

A 27 anti-liberalism 2000 recently-published volume in the Financial Times series on management, entitled Corporate Citizenship: successful strategies for responsible companies, has an approving foreword by Alice Tepper Marlin, President of the Council on Economic Priorities in the US. Here she sounds a note of alarm. 3 It seems not to have occurred to her, nor to those who think like her, that the adults who voluntarily seek employment with foreignconnected firms, on terms that they are aware of, do so in the hope and expectation of becoming less impoverished.

Such proposals have been attacked, I think with good reason, by liberal economists. However – and I think this is not as yet widely recognised – the risks here do not arise from official measures alone. Even without intergovernmental agreements, similar effects can result from decisions taken on their own account by multinational enterprises. These firms are now under strong pressure from public opinion generally, and NGOs in particular, to ensure that terms and conditions of employment, not only in their own operations but also in those of their partners and suppliers, are acceptable.

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