... focused on the market mechanism as the surest and most efficient means of ensuring the liberty, security and prosperity of both individuals and the community; mercantilist approaches (pace List and Hamilton) tended to emphasise the need for regulation and manipulation of economic activity in order to satisfy the social needs of the community. Such thinkers were not blind to the fact that ... that prevailed in the major international institutions and in the foreign policy establishments of the major western powers had little patience for what it saw as the negative dimensions of so-calle...

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