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The book comprehensively deals with international trade theory, foreign trade policy, exchange rates and open economy macroeconomics, providing a thorough insight into global economic relations.
Frederic Bastiat explores the fundamental principles of law and its impact on society. With incisive clarity, he unveils the true purpose of law as a defender of individual rights and a safeguard against injustice.
Galbraith acknowledges the success of the market economy, but at the same time, according to him, this system is characterized by instability, inefficiency and social inequality. This is why he advocates that state interventionism to correct these market
