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The Political Economy of Mercantilism (Paperback)
Loot Price: R1,378
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The Political Economy of Mercantilism (Paperback)
Series: Routledge Explorations in Economic History
Expected to ship within 12 - 17 working days
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Since the days of Adam Smith, Mercantilism has been a hotly debated
issue. Condemned at the end of the 18th century as a "false" system
of economic thinking and political practice, it has returned
paradoxically to the forefront in regard to issues such as the
creation of economic growth in developing countries. This concept
is often used in order to depict economic thinking and economic
policy in early modern Europe; its meaning and content has been
highly debated for over two hundred years. Following on from his
1994 volume Mercantilism - The Shaping of an Economic Language,
this new book from Lars Magnusson presents a more synthetic
interpretation of Mercantilism not only as a theoretical system,
but also as a system of political economy. This book incorporates
samples of material from the 1994 publication alongside new
material, ordered in a new set of chapters and up-date discussions
on mercantilism up to the present day. Tracing the development of a
particular political economy of Mercantilism in a period of nascent
state making in Western and Continental Europe from the 16th to the
18th century, the book describes how European rulers regarded
foreign trade and industrialisation as a means to achieve power and
influence amidst international competition over trades and markets.
Returning to debates concerning whether Mercantilism was a system
of power or of wealth, Magnusson argues that it is in fact was
both, and that contemporaries almost without exception saw these
goals as interconnected. He also emphasises that Mercantilism was
an all-European issue in a time of trade wars and the struggle for
international power and recognition. In examining these issues,
this book offers an unrivalled modern synthesis of Mercantilist
ideas and practices.
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