A brief summary of the Liberal approach to international political economy.
Today, in classrooms across the country, Liberal economic theory is being taught to students eager (or not so eager) to soak it in like so much "mother's milk." The language of the Liberal approach has been infused into various elements of American life - everything from the educational marketplace, to U.S. foreign policy (by way of economic sanctions, or loans). With so many minds focused on, and operating according to the same principles, one must stop to wonder whether those adherents of Liberal doctrines really understand the history behind and application of their own theory. In today…
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