- 24 Feb 2010 03:52
#13329475
Both ideologies breed fans of monetary manipulation, and Keynesian ideas have been used to support mercantilist arguments.
Wandering the information superhighway, he came upon the last refuge of civilization, PoFo, the only forum on the internet ...
Keynesian ideas have been used to support mercantilist arguments.
Not in any way aside from the most broadest possible context in which capitalism itself has its roots in mercantilism.
The Immortal Goon wrote:Not in any way aside from the most broadest possible context in which capitalism itself has its roots in mercantilism.
Not in any way aside from the most broadest possible context in which capitalism itself has its roots in mercantilism.
/thread.
http://internationalrelationstheory.goo ... tilism.htm
The Great Depression influenced American government to return to neo-mercantilism imposing high protectionist tariffs and suspending private ownership of gold. Finally, during the New Deal, the currency was devalued based on the government’s new neo-mercantilist leaning. Today, mercantilism has seen a resurgence in economic theories that focus on the trade surplus and deficit as determinants of monetary value, but mercantilism as a whole is rejected by many economists. However, elements of mercantilism are still accepted by some economists including Ravi Batra, Pat Choate, Eammon Fingleton, and Michael Lind.
Keep in mind Keynes' General Theory wasn't published till '36, well after the New Deal was in full swing. FDR was far more influenced by Eccles than Keynes.
http://newdeal.feri.org/misc/keynes2.htm
With these adaptations or enlargements of your existing policies, I should expect a successful outcome with great confidence. How much that would mean, not only to the material prosperity of the United States and the whole World, but in comfort to men's minds through a restsration of their faith in the wisdom and the power of Government!
I remember reading somewhere that Keynes studied the New Deal and the similar method that was used by Japan and various other countries.
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