A Short History of Socialist Economic Thought - download pdf or read online

By Gerd Hardack, Dieter Karras, Ben Fine

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W. Unger speaks of the English having a "comparative advantage in dangerous trades"-and not only in 49 the Far East-because they used "strong and well­ armed merchanunen" (1978, 110). In the Mediter­ ranean, privateering was so much the mute to profit that it was in the early seventeenth century a "vast partly large-scale and organized on business-like lines by rich merchants" Davis (1961, 127). As of 1618, corsair Heets were stronger than those of all the Mediterranean powers combined. 73 As Glamann notes: "This divisibility of pepper in conjunction with its durability.

143 See Glamann (1974, 457). "cted and subsidized industry. Shipbuilding is an excellent example. Construction of shipbuilding facilities were one form of subsidy. The regulations of the shipcarpent ers' guilds in­ cluded a number of other forms" (R. W. Unger, 1978, 114). Nonetheless these interests had to be peased. In 1681, at a moment of economic culty, a compromise was reached between the merchants of Amsterdam and the agriculturat ducers of Zeeland. The former obtained the tion of expOt'l (and reexport) duties, but the latter obtained an augmentation of import duties.

Dutch comparative advantage was thinner in this domain (Barbour, 1954, 230-231), Indeed, R. W. Unger speaks of the English having a "comparative advantage in dangerous trades"-and not only in 49 the Far East-because they used "strong and well­ armed merchanunen" (1978, 110). In the Mediter­ ranean, privateering was so much the mute to profit that it was in the early seventeenth century a "vast partly large-scale and organized on business-like lines by rich merchants" Davis (1961, 127). As of 1618, corsair Heets were stronger than those of all the Mediterranean powers combined.

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A Short History of Socialist Economic Thought by Gerd Hardack, Dieter Karras, Ben Fine


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