HKS Affiliated Authors
Ford Foundation Professor of International Political Economy
Excerpt
Excerpt
The New Mercantilist Challenge. Dani Rodrik. January 9, 2013. Opinion. "The history of economics is largely a struggle between two opposing schools of thought, “liberalism” and “mercantilism.” Economic liberalism, with its emphasis on private entrepreneurship and free markets, is today’s dominant doctrine. But its intellectual victory has blinded us to the great appeal – and frequent success – of mercantilist practices. In fact, mercantilism remains alive and well, and its continuing conflict with liberalism is likely to be a major force shaping the future of the global economy..." Link verified June 19, 2014