Mercantilism

04/13/23 • 57 min

3 Listeners

Melvyn Bragg and guests discuss how, between the 16th and 18th centuries, Europe was dominated by an economic way of thinking called mercantilism. The key idea was that exports should be as high as possible and imports minimised.

For more than 300 years, almost every ruler and political thinker was a mercantilist. Eventually, economists including Adam Smith, in his ground-breaking work of 1776 The Wealth of Nations, declared that mercantilism was a flawed concept and it became discredited. However, a mercantilist economic approach can still be found in modern times and today’s politicians sometimes still use rhetoric related to mercantilism.

With

D’Maris Coffman Professor in Economics and Finance of the Built Environment at University College London Craig Muldrew Professor of Social and Economic History at the University of Cambridge and a Member of Queens’ College

and

Helen Paul, Lecturer in Economics and Economic History at the University of Southampton.

Producer Luke Mulhall

With

and

Helen Paul, Lecturer in Economics and Economic History at the University of Southampton.

Producer Luke Mulhall

Previous Episode

The Ramayana

Melvyn Bragg and guests discuss the Ramayana, the ancient Hindu epic which is regarded as one of the greatest works of world literature. Its importance in Indian culture has been compared to that of the Iliad and Odyssey in the West, and it’s still seen as a sacred text by Hindus today.

Written in Sanskrit, it tells the story of the legendary prince and princess Rama and Sita, and the many challenges, misfortunes and choices that they face. About 24,000 verses long, the Ramayana is also one of the longest ancient epics. It’s a text that’s been hugely influential and it continues to be popular in India and elsewhere in Asia. With

Jessica Frazier Lecturer in the Study of Religion at the University of Oxford and a Fellow of the Oxford Centre for Hindu Studies

Chakravarthi Ram-Prasad Distinguished Professor of Comparative Religion and Philosophy at Lancaster University

and

Naomi Appleton Senior Lecturer in Asian Religions at the University of Edinburgh

The image above shows Rama, Sita, Hanuman, Lakshmana and devotees, from the Shree Jalaram Prarthana Mandal, Leicester.

Producer Luke Mulhall

Next Episode

Solon the Lawgiver

Melvyn Bragg and guests discuss Solon, who was elected archon or chief magistrate of Athens in 594 BC: some see him as the father of Athenian democracy.

In the first years of the 6th century BC, the city state of Athens was in crisis. The lower orders of society were ravaged by debt, to the point where some were being forced into slavery. An oppressive law code mandated the death penalty for everything from murder to petty theft. There was a real danger that the city could fall into either tyranny or civil war.

Solon instituted a programme of reforms that transformed Athens’ political and legal systems, its society and economy, so that later generations referred to him as Solon the Lawgiver.

With

Melissa Lane Class of 1943 Professor of Politics at Princeton University

Hans van Wees Grote Professor of Ancient History at University College London

and William Allan Professor of Greek and McConnell Laing Tutorial Fellow in Greek and Latin Languages and Literature at University College, University of Oxford

Producer Luke Mulhall