Economic Liberalism, Economic Goals, and Economic Policy: Towards Utopia, Brave New World, or Hell on Earth?

Lougheed, Alan (1999) Economic Liberalism, Economic Goals, and Economic Policy: Towards Utopia, Brave New World, or Hell on Earth?. Discussion Paper No. 257, Department of Economics, The University of Queensland.

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Author Lougheed, Alan
Title Economic Liberalism, Economic Goals, and Economic Policy: Towards Utopia, Brave New World, or Hell on Earth?
School, Department or Centre Department of Economics
Institution The University of Queensland
Report Number Discussion Paper No. 257
Publication date 1999-06-01
Subject 340102 Macroeconomic Theory
340100 Economic Theory
Abstract/Summary For more than a decade, the world has been subjected to the economic philosophy of liberalism and the huge benefits assumed to be derived from economic freedom - both within an economy and without. The great economic goal for companies if the maximisation of profits through free competition, floating exchange rates, free trade and the free movement of capital. The new buzz word is globalisation. Yet there is a growing body of economists who find the new philosophy is not without its faults and who offer arguments that are completely ignored by free market economists.
Keyword free market
free trade
economic liberalisation
economic liberalism
globalisation
competition
economic rationalism

Document type: Department Technical Report
Collection: Discussion Papers (School of Economics)
 
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