Wednesday, August 24
Mapping the Mercantilist World Economy
"This semester I get to teach Economic Geography, a Sophomore-level course in our International Studies program. I use World Systems and World History perspectives, both of which favor a global scale of analysis (the course textbook is Knox, Agnew & McCarthy’s The Geography of the World Economy). This week I presented on Mercantilism, which designates both the dominant political-economic doctrine of the 17th and 18th centuries (as hegemonic a doctrine in its day as Neoliberalism is today) and a set of trade practices institutionalized by European maritime powers. Our current globalized capitalist world economy was built on Mercantilist foundations, put in place in the first phase of global European expansion, the second phase being that of the formal European empires of the industrial age. In the case of the 'New World' in the Americas, Europe’s Mercantilists were creating entirely new trade networks and hinterlands. ..."
Eric Ross, academic