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I am the future

May 18, 2012 by

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Book Review: An Austrian Perspective on The History of Economic Thought, Part II

May 18, 2012 by

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Note: This is Part II of a four-part book review. Mercantilism Mercantilism enabled the ruling castes (the king and nobility) of nation-states to build up individual power and wealth with high government expenditures, military conquest, the granting of monopoly guilds and cartels, the establishment of export subsidies and tariffs on imports, and high taxes. Mercantilism […]