... system logic. Experiments with protectionism and import substitution had been progressively abandoned by those states that had pursued them in the past. Moreover, the empirical record on the alleviation of human suffering in the late twentieth century, notwithstanding remaining human hardship, was according to Harvard economist Richard Cooper, 'unambiguously positive'. Things may be worse in Africa he argued, but due ... national economy. The general function of the state was to govern the economy so as to promote the wealth and welfare of the community. Liberals, from Adam Smith on, fo...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate