Bretton Woods system

Discuss about neo liberalism , followed by opinionsof hayek and friedman onliberal state and discuss about hirsh view on thestate

For nearly three decades, the new post-1945 internationalmonetary and trading system wasdominated by the Fordist and Keynesian traditions. Moderate intervention in the domestic economies was believed by Keynesians to result inhigher levels of employment and greaterlevels of welfare and wealth than without governmentintervention(Cerny, 1997: 258). Clearly,these circumstances enabled the Keynesian state topursue relatively self-contained national […]

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