Mercantilism

Feb 26, 2013

The Bank of the United States and Mr. Hamilton’s Surprise!

Filed Under: Bank of the United States, Delegation of Powers, Implied Powers, Mercantilism, Sovereignty

As noted in the first post, Albert Gallatin initially aspired to being a private, rather than a political, entrepreneur. To that end the firm of Albert Gallatin and Co. tried to attract renters or buyers to land in Pennsylvania. …

Feb 17, 2013

Alexander Hamilton and the Politics of Impatience (From Balancing Trade to a Balanced History): Part III

Blog Post
by Hans Eicholz / 0 Comments

Filed Under: Balance of Trade, Continentalist Essays, Mercantilism, Sir James Steuart, Sketch of the Finances of the United States, Spontaneous Order, Unintended Consequences of Exchange, Wealth of Nations

Adam Smith’s Wealth of Nations was published the same year as the Declaration of Independence, and Hamilton was right to perceive a growing appreciation of its basic message among his countrymen. Smith wrote to dispel the errors of mercantilism. Hamilton …