On this day, 250 years ago, Scottish economist and philosopher Adam Smith laid the first groundwork for classical economics with his magnum opus, The Wealth of Nations, which challenged the prevailing European attitude favoring mercantilism. A full copy can be read on Wikisource (https://en.wikisource.org/wiki/The_Wealth_of_Nations).

#year1776 #AdamSmith #classicalEconomics #freeMarkets #liberalism #mercantilism #TheWealthOfNations

The Wealth of Nations - Wikisource, the free online library

How many more Americans would live below the poverty line if the US government were to ban all imports of consumer goods?
#protectionism #importsubstitution #mercantilism #autarky #tradebarriers #tradewars #poverty #povertyline #americans #affordabilitycrisis #inflation #tradepolicy #usa #donaldtrump #tariffs #consumergoods #economics #imports

5 Trump #Saudi grifts revealed

Scale & scope of presidential #mercantilism is breathtaking

#Trump family & business partners collected $320 million in fees from new #cryptocurrency, brokered overseas real estate deals worth billions of dollars & are opening exclusive club in Washington called Executive Branch charging $500,000 apiece to join, all in the past few months alone

https://thedemlabs.org/2025/11/23/trump-saudi-grifts/

#corruption #DictatorTrump #tyrant #DementiaDon #violence #mafia #traitor #ComradeKrasnov

5 Trump Saudi grifts revealed

Follow the money behind Trump's Saudi grift

The Democracy Labs
"‘Mercantilism’ is the name given by late nineteenth century historians to the politico-economic system of the absolute state from approximately the sixteenth to the eighteenth centuries. Mercantilism has been called by various historians or observers a ‘system of Power or State-building’ (Eli Heckscher), a system of systematic state privilege, particularly in restricting imports or subsidizing exports (Adam Smith), or a faulty set of economic theories, including protectionism and the alleged necessity for piling up bullion in a country. In fact, mercantilism was all of these things; it was a comprehensive system of statebuilding, state privilege, and what might be called ‘state monopoly capitalism’.", - Murray N.Rothbard.
#rothbard #aphet #statism #history #economics #mercantilism #capitalism

#FX - #Mercantilism – CA-Surplus Obsession

Real Devaluation versus Fair Competition

Why the #krone is weak despite #Norway’s wealth

https://acemaxxanalytics.substack.com/p/real-devaluation-versus-fair-competition

The Thirteen Colonies were a cluster of British colonies located along the Atlantic seaboard of North America. #History #ThirteenColonies #AmericanRevolution #Mercantilism #MiddleColonies #SouthernColonies #UnitedStates #HistoryFact https://whe.to/ci/1-22360-en/
Thirteen Colonies

The Thirteen Colonies were a cluster of British colonies located along the Atlantic seaboard of North America. Founded for a variety of reasons – economic, political, and religious – the colonies emerged...

World History Encyclopedia

On 23 July, the US president issued an Executive Order 'Promoting the Export of the American AI Technology Stack'. It provides for US federal financing tools, such as 'direct loans and loan guarantees', 'equity investments' and 'co-financing' to promote the export of American AI technologies and standards.

@EUCommission: thank you for your attention to this matter under the Foreign Subsidies Regulation (#fsr)

#mercantilism #broligarchy #exportsubsidies

A couple of people mentioned that the 'Capitalism ~ a Zero-Sum Game?' episode was a bit dense and difficult to take in, so I've relaxed the edit a little and added some clarifications. #Capitalism #Mercantilism #Socialism #Economics #Economy #Society #WallStreet #ZeroSum #NonZeroSum

Capitalism ~ a Zero-Sum Game?
Capitalism ~ a Zero-Sum Game?

Podcast Episode · Non-Zero-Sum James · 23/06/2025 · 9m

Apple Podcasts
Murray Rothbard: "Thomas Le Gendre (1638–1706), coiner of the phrase laissez-faire as applied to policies and the economy, was the most eminent of a long line of merchant-bankers traced back to the early sixteenth century. A multi-millionaire, Le Gendre owned vast interests in ..." https://mises.org/library/book/austrian-perspective-history-economic-thought
#rothbard #laissezfaire #capitalism #mercantilism #statism #economics #aphet
An Austrian Perspective on the History of Economic Thought | Mises Institute

This is one of Rothbard’s most important scholarly works. In the first volume (Economic Thought Before Adam Smith), Rothbard traces the history of economics

Mises Institute