Briefly explain why the ideas of Smith and Hume were so devastating to Mercantilist thinking and policy.

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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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Question Posted: Dec 02, 2015 04:19 AM

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Briefly explain why the ideas of Smith and Hume were so devastating to Mercantilist thinking and policy.

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Humes pricespecieflow mechanism suggested that a country could not sustain a positive balance of tr...View the full answer

International Economics

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