The Money Series
Mercantilism Through the Ages
Friday, November 15, 2013
Mercantilism is a strange being with an awkward past. The concept ironically owes a far greater debt to its foremost critic, Adam Smith, than to any of its supposed advocates. And, while most recent scholarship agrees that the Wealth of Nations painted a deceptively coherent portrait of 17th-century political economy and the commercial regulations these ideas supposedly engendered, Smith’s interpretation of a “mercantile system” has survived, informing the way we conceive both of early modern history as well as the nature of modern economy and politics.
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