- Downloads:
- The Trade of Nations_2.pdf
Originaly published in 1947, Heilperin’s The Trade of Nations represented — in the words of the original Preface — “an attempt to re-examine the problems of international trade, finance, and money, with special reference to the tasks of peace-making and to the particular responsibilities of the United States.”
The Trade of Nations is a guide to international trade and finance; an exposure of the fallacies of economic nationalism; and a vigorous defense of economic liberalism.
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Michael Heilperin was born in 1909 in Warsaw, Poland. He was a friend and colleague of Ludwig von Mises’s in Geneva, and his specialization was the international monetary system. He applied the Austrian theory of the business cycle along with his knowledge of the balance of payments to warn against the rise of monetary nationalism. See his literature archive.
The collectivistic and neomercantilistic writers of today seek prosperity along a road that necessarily takes us further and further away from peace.
The rulers of that period had far-reaching powers over the activities of their subjects, while individual liberties were largely submerged.
Obviously the word [mercantilism] can only be used within strict limitations, but, alien as the conception of a national economy still was to the governments of the late fourteenth and early fifteenth centuries, it is plain from their conduct that they desired to protect the industry and commerce of their subjects against foreign competition, and even, here and there, to introduce new forms of activity into their countries.
Alfred a Knopf, New York, 1952
