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The interest of this book is that the aims of the IAE conference of 1958 can now be assessed in light of the development of the last 30 years. The book itself also looks at how the IAE has attempted to promote the development of economics internationally as an intellectual discipline.
Sir Austin Robinson had a career unique among economists. A close associate of Keynes, he began as a seaplane pilot in the First World War and spent two years in the 1920s tutoring a Maharajah in India. He was at the centre of economic policy-making during and after World War 2, and in postwar years was professor, editor, promoter of economic debate and economic adviser in many countries.
The worldwide spread of neoliberalism has transformed economies, polities, and societies everywhere. In conventional accounts, American and Western European economists, such as Milton Friedman and Friedrich von Hayek, sold neoliberalism by popularizing their free-market ideas and radical criticisms of the state. Rather than focusing on the agency of a few prominent, conservative economists, Markets in the Name of Socialism reveals a dialogue among many economists on both sides of the Iron Curtain about democracy, socialism, and markets. These discussions led to the transformations of 1989 and, unintentionally, the rise of neoliberalism. This book takes a truly transnational look at economists' professional outlook over 100 years across the capitalist West and the socialist East. Clearly translating complicated economic ideas and neoliberal theories, it presents a significant reinterpretation of Cold War history, the fall of communism, and the rise of today's dominant economic ideology.
Covers trade policy and other open economy issues embracing international trade and the environment, international finance, and trade and development. It also considers related areas such as economies in transition and development economics.