| A Political Economy of Lebanon, 1948-2002: The Limits of Laissez-Faire Contributor(s): Gaspard, Toufic (Author) |
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ISBN: 9004132597 ISBN-13: 9789004132597 Publisher: Brill OUR PRICE: $193.80 Product Type: Hardcover - Other Formats Published: December 2003 Annotation: This book is about the laissez-faire strategy for economic development, a strategy inspired by neoclassical/mainstream economics, advocated by the "Washington Consensus," and implemented by the Bretton Woods institutions. Mainstream economics has taken legitimacy from the historical failure of command economies. But this view has not been balanced by an examination of the performance of laissez-faire economies, the closest to the pure market model. Lebanon provides a unique test case in this regard. The book assesses Lebanon's development during 1948-2002, including its industrial and financial performance. The dynamics of the laissez-faire system is separately studied from a Post-Keynesian perspective, highlighting institutional behavior. It is found that laissez-faire is not a sufficient condition for economic development, and can even be counterproductive. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economic Conditions - Architecture | Interior Design - General - Social Science | Islamic Studies |
| Dewey: 330.956 |
| LCCN: 2003060373 |
| Series: Social, Economic and Political Studies of the Middle East an |
| Physical Information: 1.05" H x 6.56" W x 9.7" (1.58 lbs) 292 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This book is about the laissez-faire strategy for economic development, a strategy inspired by neoclassical/mainstream economics, advocated by the "Washington Consensus", and implemented by the Bretton Woods institutions. Mainstream economics has taken legitimacy from the historical failure of command economies. But this view has not been balanced by an examination of the performance of laissez-faire economies, the closest to the pure market model. Lebanon provides a unique test case in this regard. The book assesses Lebanon's development during 1948-2002, including its industrial and financial performance. The dynamics of the laissez-faire system is separately studied from a Post-Keynesian perspective, highlighting institutional behavior. It is found that laissez-faire is not a sufficient condition for economic development, and can even be counterproductive. |