Marx failed to grasp that there are laws of human action that apply universally. His understanding of economics was far inferior to that of Nassau Senior, whom he derided as the quintessential “bourgeois” economist.
Marx failed to grasp that there are laws of human action that apply universally. His understanding of economics was far inferior to that of Nassau Senior, whom he derided as the quintessential “bourgeois” economist.
The American Revolution struck a heavy blow to mercantilism. Unfortunately, many mercantilist policies persisted under new
President Trump is levying high tariffs without consent of Congress, despite the fact that the US
