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Author: Mark Blaug Publisher: ISBN: Category : Business & Economics Languages : en Pages : 424
Book Description
This volume presents critical writings on the work of the later mercantilists. Sir Josiah Child was elected a governor of the East India Company in 1681. His reputation as an economist rests on his book 'A New Discourse of Trade' published in 1693. His work stimulated a wide range of discussion of such topics as interest rates, population, wage policy, poor relief and colonization. Despite many liberal elements in his thinking, he was a typical Mercantilist in his preference for administrative solutions to economic problems. John Locke, best known for his work on political philosophy, made a major contribution to the debate on the rate of interest in his essay 'Some Considerations of the Consequences of the Lowering of Interest and Raising the Value of Money' (1692). The central theme of that pamphlet was that the rate of interest, being the price for the hire of money, is determined by the demand for and supply of money, which Parliament is powerless to affect. Locke's other major contribution to economic thought was the so called labour theory of private property contained in the 'Two Treaties on Government' (1690), a classic in the history of political philosophy.
Author: Mark Blaug Publisher: ISBN: Category : Business & Economics Languages : en Pages : 424
Book Description
This volume presents critical writings on the work of the later mercantilists. Sir Josiah Child was elected a governor of the East India Company in 1681. His reputation as an economist rests on his book 'A New Discourse of Trade' published in 1693. His work stimulated a wide range of discussion of such topics as interest rates, population, wage policy, poor relief and colonization. Despite many liberal elements in his thinking, he was a typical Mercantilist in his preference for administrative solutions to economic problems. John Locke, best known for his work on political philosophy, made a major contribution to the debate on the rate of interest in his essay 'Some Considerations of the Consequences of the Lowering of Interest and Raising the Value of Money' (1692). The central theme of that pamphlet was that the rate of interest, being the price for the hire of money, is determined by the demand for and supply of money, which Parliament is powerless to affect. Locke's other major contribution to economic thought was the so called labour theory of private property contained in the 'Two Treaties on Government' (1690), a classic in the history of political philosophy.
Author: Lars Magnusson Publisher: Routledge ISBN: 1317439805 Category : Business & Economics Languages : en Pages : 261
Book Description
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.
Author: Eli F. Heckscher Publisher: Routledge ISBN: 1136157387 Category : Business & Economics Languages : en Pages : 731
Book Description
Eli Heckscher's Mercantilism is a classic work in the history of economic thought, economic history and international economics. A pioneer in both economic history and trade theory, Heckscher brought a unique breadth to this study. Covering all of the major European countries, the book explores the content and significance of mercantilist ideas over nearly two centuries. Acknowledging the difficulties involved in defining mercantilism, Heckscher nonetheless succeeded in identifying a set of its key characteristics. Now available for the first time in many years, Mercantilism remains singularly relevant to a world preoccupied with maintaining its trading order. Hecksher's full text, notes and supporting material are supplemented by a new introduction by Lars Magnusson which discusses the origin, content and impact of the book.
Author: J. W. Horrocks Publisher: Routledge ISBN: 1315386046 Category : Business & Economics Languages : en Pages : 145
Book Description
The purpose of this volume, first published in 1925, is to provide the historical account of the regime whereby the State, in different countries, has sought to control economic life in the interests of political and national strength and independence. This study explores the history of the Mercantile System, or Mercantilism, in different nations. It also examines the methods adopted by the State for the promotion and regulation of agriculture, industry and commerce. This title will be of interest to students of economics.
Author: Lars Magnusson Publisher: Routledge ISBN: 1134907729 Category : Business & Economics Languages : en Pages : 414
Book Description
Ever since the Physiocrats and Adam Smith, mercantilism or 'the mercantile system' have been described as the opposite of classical political economy. This view is very much brought into question by the current book. It argues that the sharp distinction between mercantilism and 19th century laissez-faire economics has obscured the meaning, content
Author: Mark Blaug Publisher: Edward Elgar Publishing ISBN: Category : Biography & Autobiography Languages : en Pages : 328
Book Description
The Mercantilist School never presented a common front but is associated with a common outlook: the idea of specie or bullion as the essence of wealth and the notion that a positive balance of trade is an index of national welfare. It is also associated with an emphasis on population growth and low wages, a concern with full employment and the far reaching denial of foreign trade as a source of net gain to the world as a whole; that is, international trade was regarded as a zero-sum gain and particular nations were thought to benefit from international trade only at the expense of others. The underlying idea that a permanent balance of trade surplus should be beneficial to a nation has been a source of discussion right down to the present day.
Author: Philip J. Stern Publisher: Oxford University Press ISBN: 0199988544 Category : History Languages : en Pages : 415
Book Description
Rethinking Mercantilism brings together a group of young early modern British and European historians to investigate what use the concept "mercantilism" might still hold for both scholars and teachers of the period. While scholars often find the term unsatisfactory, mercantilism has stubbornly survived both in our classrooms and in the general scholarly discourse. These essays propose that it is largely impossible to rethink "mercantilism," given its unique status as a non-entity, by looking for "mercantilism" itself. Economics as a discipline had not emerged by the seventeenth century, yet economic considerations were part of most intellectual pursuits, whether scientific, political, cultural, or social. Thus, the search for "mercantilism" is best undertaken through an investigation of how economic considerations were embedded in debates throughout the early modern intellectual landscape. With this in mind, this book seeks to rethink "mercantilism" inductively rather than deductively. Such an approach not only frees the debate from the strictures and assumptions of historiography reaching back to the Scottish Enlightenment, but also avoids viewing the period through the lens of modern economics. Exploring the period in its own terms makes it possible to revisit fruitfully and more holistically some of the traditional component parts of "mercantilism" such as the relationship between wealth and money, the modern state and commerce, economic and political thought, and power and prosperity only now informed and inflected by the questions raised in new approaches and trends to the intellectual, political, social, and cultural histories that populated the early modern world. The goal of this volume is not to abandon mercantilism as a concept but to rethink its intellectual and political content. First, rather than an ideology driven primarily by self-evident and narrow economic self-interest, "mercantilism" was inseparable from the rich transformations emerging out of the rapidly changing early modern intellectual landscape; as such, the study of mercantilism no longer appears solely as a subject of the history of economic thought, but part and parcel of early modern intellectual history more generally. Second, the book argues that the common vision of a "mercantile system" premised upon a coherent, strong, and expansive nation-state is unsustainable. The cornerstone of "mercantilism" has long been the assumption of a strong and coherent state apparatus with the authority to manage and manipulate the sphere of commerce for its own ends. This volume explores the implications on our understanding of early modern economic thought of the recent recognition among historians that the early modern state was rather weak, decentralized, and amorphous. Moreover, the fact that recent research has continually re-emphasized the role of a variety of political communities (not just the state, but also church, corporations, and communities of pirates and smugglers) in shaping public life recommends questioning which polities mercantilism sought to serve, and vice versa, at any given time. These and other questions will primarily be pursued in the English context, with occasional comparisons to the continental experience.
Author: Lars Magnusson Publisher: Psychology Press ISBN: 9780415116008 Category : Business & Economics Languages : en Pages : 364
Book Description
Twenty-nine collected essays represent a critical history of Shakespeare's play as text and as theater, beginning with Samuel Johnson in 1765, and ending with a review of the Royal Shakespeare Company production in 1991. The criticism centers on three aspects of the play: the love/friendship debate.
Author: Mark Blaug
Author: Mark Blaug
Author: Lars Magnusson
Author: Donald Cuthbert Coleman
Author: Eli F. Heckscher
Author: J. W. Horrocks
Author: Lars Magnusson
Author: Mark Blaug
Author: Philip J. Stern
Author: Lars Magnusson
Author: Bruno Suviranta