Chapter 9: Economic Ideas (Part 1: The Oldies)
The Industrial Revolutions
00:00
Shifts in Economic Thought: From Mercantilism to Physiocracy
This chapter examines the transition from mercantilism to new economic philosophies in the 18th century, focusing on the ideologies of physiocrats who prioritized agricultural labor over trade. It discusses the role of influential thinkers and their critiques of prevailing theories, highlighting the changing views on wealth and value. Additionally, the chapter contextualizes these theories within the economic realities of Europe during this transformative period.
Transcript
Play full episode
