PO232 Lecture Notes - Lecture 5: Comparative Advantage, Friedrich List, Economic Nationalism
Document Summary
Market organization is more important than social organization. !1: also involves sweeping away mercantilism (style of political economy that the monarchs were committed to developing) It"s a change that had huge implications for the economy the emergence of what. Helleiner called economic nationalism : the second biggest approach/ideology to political economy. The liberals didn"t want other countries to use tools of economic policy to challenge the british: liberals see consumers and producers, not citizens or members of nations, imposition of free trade. From the point of view form colonies, that want to do things differently, they don"t have that option and can"t choose their policies because they"re dominated by another nation imposing policies on them. Not all protection of industry (is caused by) or comes from economic nationalism: there are other reasons for an industry to be protected. Nationalism helps mobilize populations for different kinds of economic projects.
