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Wency's avatar

I was taught in school that mercantilism is a completely busted philosophy, but is that really true? I suppose my sense is that it works out fine if you're Britain engaged in war with France. Control the trade lanes, dictate the terms of trade, embargo key resources from your enemies, seize all their colonies, use the surplus specie you generate to subsidize your allies on the Continent so they can do most of the dying for you. Maybe that doesn't count as mercantilism.

It probably makes the most sense when you're trying to figure out how to generate taxes from your colonies all over the world and the trade generated by them. Especially in a pre-industrial world with less state capacity.

The problem is the Continental system was bad. It didn't solve any problems. It didn't enrich the central government. It annoyed all the allies that were made to comply with it. And Napoleon, for whatever reason, couldn't ever figure it out.

Roberts also references lebensraum, another philosophy I was taught was, economically speaking, a crazy idea for idiots, but Tooze argues in his book that it made some economic sense, even if its implications were evil. German farm productivity (in contrast with its industrial productivity) was awful, the farms were backward and inefficiently small. Spread those farmers out while at the same time modernizing the farms, and productivity will improve. And self-sufficiency in food was essential if you didn't want to live at your enemies' mercy.

Autarky is bad if you want to be the richest country that was ever rich, but if you imagine war with your key trading partners as inevitable, then you need to think about how your country will function if trade with them breaks down.

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Anthony Ruggier's avatar

I am excited to hear that he is doing one on the Marshals. I have read two books on the Marshals, AG Macdonnel's Napoleon and His Marshals, and RF Delderfield's Napoleon's Marshals. They were both short books, not a ton of detail, but very well written and they actually are a very good introduction to the period in its entire sweep.

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