by Deepak Lal
Reviving the Invisible Hand
by Deepak Lal
Reviving the Invisible Hand is an uncompromising call for a global return to a classical liberal economic order, free of interference from governments and international organizations. Arguing for a revival of the invisible hand of free international trade and global capital, eminent economist Deepak Lal vigorously defends the view that statist attempts to ameliorate the impact of markets threaten global economic progress and stability. And in an unusual move, he not only defends globalization economically, but also answers the cultural and moral objections of antiglobalizers.
Taking a broad cross-cultural and interdisciplinary approach, Lal argues that there are two groups opposed to globalization: cultural nationalists who oppose not capitalism but Westernization, and “new dirigistes” who oppose not Westernization but capitalism. In response, Lal contends that capitalism doesn’t have to lead to Westernization, as the examples of Japan, China, and India show, and that “new dirigiste” complaints have more to do with the demoralization of their societies than with the capitalist instruments of prosperity.
Lal bases his case on a historical account of the rise of capitalism and globalization in the first two liberal international economic orders: the nineteenth-century British, and the post-World War II American.
Arguing that the “new dirigisme” is the thin edge of a wedge that could return the world to excessive economic intervention by states and international organizations, Lal does not shrink from controversial stands such as advocating the abolishment of these organizations and defending the existence of child labor in the Third World.
India’s Ancient Past
by R.S. Sharma
by Pranay Lal
Poverty and Progress
by Deepak Lal
by Deepak Lal
In this book, based on the 1995 Ohlin Lectures, Deepak Lal provides an accessible, interdisciplinary account of the role of culture in shaping economic performance. Topics addressed include a possible future “clash of civilizations,” the role of Asian values in the East Asian economic miracle, the cultural versus economic causes of social decay in the West, and whether modernization leads to Westernization. Lal makes an important distinction between material and cosmological beliefs, showing how both were initially shaped by factor endowments and how they have evolved in response to changing historical pressures in different civilizations. Lal’s first major theme is the interaction of factor endowments, culture, and politics in explaining modern intensive growth in the West. The other major theme is the role of individualism–an inadvertent legacy of the medieval Catholic Church–in promoting this growth, and the strange metamorphoses this has caused in both the West’s cosmological beliefs and the interaction between “the West and the rest.” Lal takes account of the relevant literature in history, anthropology, social psychology, evolutionary biology, neurology, and sociology, and the economic history of the regions and cultures that form Eurasia. An appendix shows how the stories Lal tells can be described by four formal economic models.
Empire of knowledge
by Vinay Lal
INDIAN ECONOMY EBOOK
by Dr Ramesh Singh
Indian Economy (for UPSC Examination) 9e is mainly aimed at students who are preparing for the UPSC Prelim and Main examinations. Its content is aligned to suit the specific needs of aspirants who are appearing for various competitive examinations like the civil services examinations, as also for those who have opted for economics as one of their optional subjects.
The main objective here is to provide all the possible economic concepts–technical terms, economic policies and developments in India and changes in those policies in successive Indian governments—in one book. The systematic definition and explanation of many economic terms will be of use to the students who have opted for economics in their preparation of various competitive examinations.
The Ebook of Indian Economy is designed to be a useful resource for the UPSC and State PSC aspirants. Made into a multicolor Epub version of the print book, this ebook can be accessed anywhere anytime in the student’s mobile phone, tab or other portable devices whether Android or Windows. Every Chapter is designed based on its own theme and presents itself distinctly. Its easily navigable TOC and reference footnotes make it handy and more efficient for readers. This ebook is the perfect solution available to you 24*7 in your pockets