Conceptions of the International Economic and Legal Order

The debate between the Austrian School of Economics and the cooperative movement. The assumption of

“…Razeen Sally (1998) shows that a libertarian concept of international policy seeks unsubsidized and unmanaged free trade in decentralized political institutions. Jan Tumlir (1985) was also a strong opponent of international government intervention. Hazlitt (1984) says that, as problems of balance of payments usually result from domestic disorder, a super-governmental organization designed to give out foreign aid to balance trade tends to subsidize bad economic policies.…”