14) With an unsettling suddenness, liberalist thinking "dethroned" the ruling development paradigm and replaced it by the so-called "first-best policies"--namely, minimal government, laissez faire and export fetishism based on the static principle of comparative advantage--in the belief that it would also produce first-best (Pareto-optimal) results.
At the same time as the Liberalist Paradigm gained currency in the academia and led to a general decline of interest in development economics and policy, an important event was the evolution of ideas that challenge the neo-classical position on laissez faire and the undesirability of government intervention on any grounds.
While realists presume that other states are competing for military and economic power and have the offensive capabilities and (210) perhaps desire to attack others within an anarchical international system, liberalists retort that confrontations occur because realists presume that there is an interminable, selfish struggle for power.
If traditional philosophical orientations are applied, neoconservatives might be predisposed to presume that Iraq was lying about not possessing WMDs because Hussein wanted to attack Americans and change the "status quo," while liberalists might presume that Iraqi promises could be trusted and that U.
To a degree, liberalists
admitted that the situation of crisis necessitated certain emergency measures that could not be avoided.
On the one hand, liberalist
political philosophers such as Rawls (1971) make a strong case for prioritizing individual rights over conceptions of the moral good.
case for unregulated labour markets and the freedom of contract is qualified in the presence of market failure.
are concerned that children from one-parent families will be made to feel that their version of home-life is "second-best".
The absurdity of a society in which both Thought Police and liberalists
flourish was brought home with great clarity this week.
The findings of this study provide important insight into the implications which the new liberalist
paradigm may have for the developing countries, especially in terms of internal balance effects of external sector liberalization.
The sacrifices are borne by the poor and the middle classes while the rich manage to corner a substantial proportion of reduced wealth, and the governments are sitting idly by under the intoxicating liberalist
message, that these inequalities are based on merit and the unemployment rates will be corrected by free markets.
Indeed, social responsibility was not intelligible on the agenda of the corporate sector that largely evolved in 18th and 19th century, the centuries widely identified with the first liberalist
era responsible for ferociously ruthless form of capitalism which ultimately invited the Communist Manifesto.