Book description
Mercantilism is the classic book on this subject and has been out of print for more than 25 years
Hecksher is the co-founder of the Hecksher-Ohlin trade model, and hence one of the biggest names in 20th Century economics
With all the disputes about world trade and protectionism, the subject…
Why read it?
1 author picked Mercantilism as one of their favorite books. Why do they recommend it?
Mercantilism is the classical historical discussion of the early expression of economic nationalism when it was a form of protectionism.
It is essential background reading for anyone interested in economic history. I recommend it among other things because without this background one cannot appreciate the position of Adam Smith in the Wealth of Nations, usually identified with the criticism of mercantilism, which he nevertheless defends when it advances British national interest.
From Liah's list on the relationship between capitalism and nationalism.
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