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Monday, December 19, 2016

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The State System and Mercantilist Policies: Part I of Mercantilism and the Rise of the West 

 Mercantilism – Rejected by both the Left and the Right: Part II of Mercantilism and the Rise of the West
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“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.”

John Maynard Keynes

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