{"product_id":"a-political-economy-of-lebanon-1948-2002-9789004132597","title":"A Political Economy of Lebanon, 1948-2002","description":"This book is about the laissez-faire strategy for economic development, a strategy inspired by neoclassical\/mainstream economics, advocated by the “Washington Consensus”, and implemented by the Bretton Woods institutions.\u003cbr\u003e\u003cbr\u003eMainstream economics has taken legitimacy from the historical failure of command economies. But this view has not been balanced by an examination of the performance of laissez-faire economies, the closest to the pure market model. Lebanon provides a unique test case in this regard.\u003cbr\u003e\u003cbr\u003eThe book assesses Lebanon’s development during 1948-2002, including its industrial and financial performance. The dynamics of the laissez-faire system is separately studied from a Post-Keynesian perspective, highlighting institutional behavior. It is found that laissez-faire is not a sufficient condition for economic development, and can even be counterproductive.","brand":"Toufic Gaspard","offers":[{"title":"Default Title","offer_id":48309066727675,"sku":"9789004132597","price":214.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0779\/3917\/9771\/files\/CoreSourceHub_2e7a0cf8-6112-4560-823b-e5a3a9bafff9.jpg?v=1774764647","url":"https:\/\/indiepubs.com\/products\/a-political-economy-of-lebanon-1948-2002-9789004132597","provider":"IndiePubs","version":"1.0","type":"link"}