This paper examines the impact of protectionist policies on exports within global value chains (GVCs), using the COVID-19 pandemic as a natural experiment. Leveraging UK customs data (2017–2020) and a shift-share identification strategy, we estimate an elasticity of exports with respect to...

Karl Marx, a pioneer of anti-imperialism (or anti-mercantilism), was exiled in the 1850s in London. A decade later, he wrote nearly 500 editorials for The New York Herald Tribune. Although a handful of these editorials offer important clues for understanding Marx’s thinking on imperialism,...

This paper examines the impact of protectionist policies on exports within global value chains (GVCs), using the COVID-19 pandemic as a natural experiment. Leveraging UK customs data (2017–2020) and a shift-share identification strategy, we estimate an elasticity of exports with respect to...

This article examines the underlying motives behind the United States' trade and technological conflict with China since 2018. While the measures undertaken-ranging from tariffs and export controls to investment screening and industrial policy-are often interpreted through the lens of economic...

Economic development is the result of various factors operating in space and time. For some time now, economics has been looking more closely at the role played by institutions as a driving and propelling force behind economic development. More recently, the action carried out by intermediate...

The project of a national register of wool was the fever dream of mercantilism in Great Britain during the eighteenth century. For more than half a century, major parts of the English woolen traders and clothiers thereby attempted to lend administrative teeth to the ban on the exportation of...

The project of a national register of wool was the fever dream of mercantilism in Great Britain during the eighteenth century. For more than half a century, major parts of the English woolen traders and clothiers thereby attempted to lend administrative teeth to the ban on the exportation of...

Economic development is the result of various factors operating in space and time. For some time now, economics has been looking more closely at the role played by institutions as a driving and propelling force behind economic development. More recently, the action carried out by intermediate...

Policy approaches to the enforcement and licensing of standard-essential patents in wireless communications markets reflect the competing interests of entities that specialize in the innovation or implementation segments of the technology supply chain. This same principle can anticipate the...

Adam Smith sees religion both as having a useful and a dangerous role. People create gods to explain what they do not understand and appease their desire of justice when human justice is perceived to fail. These are socially useful functions of religion. But when religion is used as a political...

1. Introduction -- 2. Gerónimo de Uztáriz, his Life and his Work -- 3. Uztáriz and the Bourbon Public Administration -- 4. The ‘Théorica’ in its International Context -- 5. Uztáriz and his sources: between Political Arithmetic, Colbertism and Arbitrism -- 6. Currency, Tariffs and the...

Chapter 1: Introduction -- Chapter 2: Theorising Empire State-building -- Chapter 3: Commissions, Committees, and Councils of Trade, 1622-1696 -- Chapter 4: The Board of Trade and Empire State-building in Eighteenth-century Britain, 1696-1815 -- Chapter 5: The Board of Trade, Regulation, and...

Economics students today learn about mercantilism through Smith's prism, as a series of logical and policy errors that Smith clarified and settled for good. But far from settled doctrine, mercantilism encapsulated a variety of pragmatic practices that survived Smith's critique, often to good...

"In this comprehensive and topical book David Reisman analyses the contribution of the mercantilist authors to economic and political thought. International conflict, the balance of trade, state intervention, globalisation and patriotism remain as relevant in the present day as they were in the...

Abstract The pandemic shock of COVID-19 had the indirect but powerful consequence of highlighting the limits of economic globalisation. National security not only is a military matter but also includes, more than ever, the sectors of health, education, industrial risks or the protection and...

Der Ausschuss für die Geschichte der Wirtschaftswissenschaften hatte sich bereits 1981 mit dem Kameralismus und Merkantilismus beschäftigt. In den folgenden 37 Jahren ist die theoriegeschichtliche Forschung in diesem Feld vorangeschritten und so war es an der Zeit, sich erneut dieser Thematik...

President Trump’s actions on trade have not quite matched his rhetoric, but the worst may be to come. Though the political opposition to his protectionism is formidable, so are his conviction and determination and he possesses a wide array of instruments to pursue his goals. The trade doctrine...

Chapter 1. Introduction -- Chapter 2. The Economy of Ancient Greece and the Beginning of Economic Thought -- Chapter 3. The Economy in the Middle Ages -- Chapter 4. Reflections of the Economy in Scholastic Thought -- Chapter 5. The Age of Mercantilism -- Chapter 6. Physiocracy -- Chapter 7. The...

This paper develops and characterizes an index of trade policy restrictiveness defined as the uniform tariff equivalent which maintains the same volume of trade as a given set of tariffs, quota, and domestic taxes and subsidies. We relate this volume-equivalent index to the Trade Restrictiveness...

"Money and fiscal policy precipitated many of the most significant political conflicts between England and the American colonies in the seventeenth century. Competition over silver currency in particular provoked a transatlantic crisis in the 1670s and 1680s, ameliorated only with the onset of a...

President Trump's actions on trade have not quite matched his rhetoric, but the worst may be to come. Though the political opposition to his protectionism is formidable, so are his conviction and determination and he possesses a wide array of instruments to pursue his goals. The trade doctrine...