Mercantilism

Mercantilism

Author: BBC Radio 4 April 13, 2023 Duration: 57:33

Melvyn Bragg and guests discuss how, between the 16th and 18th centuries, Europe was dominated by an economic way of thinking called mercantilism. The key idea was that exports should be as high as possible and imports minimised.

For more than 300 years, almost every ruler and political thinker was a mercantilist. Eventually, economists including Adam Smith, in his ground-breaking work of 1776 The Wealth of Nations, declared that mercantilism was a flawed concept and it became discredited. However, a mercantilist economic approach can still be found in modern times and today’s politicians sometimes still use rhetoric related to mercantilism.

With

D’Maris Coffman Professor in Economics and Finance of the Built Environment at University College London Craig Muldrew Professor of Social and Economic History at the University of Cambridge and a Member of Queens’ College

and

Helen Paul, Lecturer in Economics and Economic History at the University of Southampton.

Producer Luke Mulhall


Melvyn Bragg and a panel of academic experts gather each week to explore the vast landscape of human thought on In Our Time: Philosophy. This long-running BBC Radio 4 series, a cornerstone of the network's intellectual offerings, approaches profound ideas not as dusty relics but as living conversations that have shaped our world. Each episode focuses on a single philosopher, a pivotal movement, or a foundational concept, building from the basic principles to the deeper complexities. You'll hear informed discussion and spirited debate that clarifies without oversimplifying, making centuries of thought accessible and relevant. The scope is deliberately broad, tracing connections from ancient inquiries into ethics and existence to the modern puzzles of logic and language. Rather than offering quick answers, this podcast provides the context and clarity needed to genuinely engage with questions about knowledge, self, and society. It’s an invitation to sit in on a nuanced, thoughtful dialogue that assumes curiosity rather than prior expertise, reminding us that these enduring debates are, in every sense, still very much in our time.
Author: Language: English Episodes: 100

In Our Time: Philosophy
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