On the record
Mercantilism, by the time of Locke, is not the simple error that wealth consists in bullion but the insistence that the balance of trade must be preserved.
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Harold J. Laski
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gutenberg.orgHarold J. Laski: “Mercantilism, by the time of Locke, is not the simple error that wealth consists in bullion but the insistence that the…”
Editor's note · Context
Laski explains that by Locke's time, mercantilism evolved beyond simple misconceptions about wealth, focusing on trade balance.
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More from Harold J. Laski
I can see no justice in such a denial of freedom.
Its eldest child is charity, and without it there can be no honesty of opinion.
Where mistakes are made, where there is corruption, or dishonesty, or abuse, it can be brought home forthwith to its authors.
It is an attempt to give each man as similar a chance as possible to utilize what powers he may possess.
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