US Mercantilism Is Not Good For The Trade DeficitRupert Hargreaves
Mercantilism is a relatively out of date economic theory which was popular in the 16th to 18th centuries. Mercantilism is a form of economic nationalism, and theorists believed that the amount of wealth in the world is static and trade is a zero-sum game, where one country’s gain is another country’s loss.
Mercantilists also believed that trade surpluses are a sign of strength while deficits are a sign of weakness and manufacturing output as well as jobs have a special importance in the economy, making them . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible