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Globalization and Peace: A Hayekian Perspective

 Author: Adrián Osvaldo Ravier  Date Published: 2009  File Size: 160.1 KB  Download

In his Studies in Philosophy, Politics and Economics (1967, p. 168), Nobel Prize laureate Friedrich A. von Hayek explains that “from the first establishment of [trade] which served reciprocal but not common purposes, a process has been going on for millennia which, by making rules of conduct independent of the particular purposes of those concerned, made it possible to extend these rules to ever wider circles of undetermined persons and eventually might make possible a universal peaceful order of the world.”

Today, we can denominate this the process of globalization, understanding as such the process that arises spontaneously in the market and acts by developing a progressive international division of labour, eliminating restrictions on individual liberties, reducing transportation and communication costs, and increasingly integrating the individuals that compose the “great society.”

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