In a body of work that extends from the 1970s through the present, Lal has sought to affirm what he calls the “liberal international economic order” or LIEO (a phrase presumably coined to contrast with the NIEO neologism), most notably in a well-received book, The Poverty of Development Economics.

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1774