Learn about Say's Law of Markets, how production drives economic demand, implications for growth and policy, and its ...

Under U.S. President Donald Trump, the world has taken a sharp turn back toward the 17th century doctrine of mercantilism — the notion that trade is a zero-sum game in which countries should be ...

As I write this, I have no idea what the final structure of President Trump’s tariff policy will be. So far, it has been on-again, off-again. But some of the rhetoric of Mr. Trump and members of his ...

The COVID-19 pandemic is accelerating changes underway since the global financial crisis (GFC) in 2008. It is ushering in a new era of deglobalisation and protectionism — a new mercantilist world ...

The general public, politicians, the media, and even some economists have bought into a false mercantilist doctrine that: a) exports are good for the economy and b) imports are bad for the economy, ...

Even before America and China’s tit-for-tat trade war verged upon a coronavirus-infected Cold War, Beijing routinely accused Washington of keeping China down. Since the end of the original Cold War, ...

But even as it attempts to transition to a consumer- rather than export-led economy, it still plays the game of mercantilism peerlessly well. Since 2018, the trade balance has trebled, unimpeded by US ...