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Mercantilism and Imperialism in the Rise and Decline of the Dutch and British Economies 1585-1815
Authors:Patrick O'Brien
Institution:(1) Department of Economic History, London School of Economics, Houghton St, London, WC 2A 2AE
Abstract:This essay locates the rise and relative decline of the economy of the Netherlands over the period l585-l8l5 in geopolitics. It has used the rise of Britain, l688-1815 as a point of reference and for bilateral comparison, in order to validate a hypothesis that lsquothe degree of avoidable declinersquo had less to do with inefficiencies in the economic sphere, but flowed essentially from political failures to countervail blatant and violent challenges from the new nation's mercantilist rivals – particularly France but also Britain. I concluded that a similar pattern of political complacency, cultural inertia and liberal myopia marked the response of imperial Britain to the threat from Germany after its reunification in l870.
Keywords:taxation  public debt  power mercantilism  imperialism  colorization
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