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The Classical School, with Callum Williams and Linda Yueh
Intelligence Squared
Economic Foundations: Colbert to Hume
This chapter explores the influence of Jean Baptiste Colbert and the principles of mercantilism during Louis XIV's reign, contrasting them with modern economic perspectives. It highlights the significant contributions of early economists like Sir William Petty and critiques from Adam Smith and David Hume regarding trade dynamics and mercantilism's flaws. The dialogue also examines the impact of these ideas on contemporary economic thought, emphasizing the complexity of trade benefits and their implications.
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