Melvyn Bragg and guests discuss how, between the 16th and 18th centuries, Europe was dominated by an economic way of thinking called mercantilism. The key idea was that exports should be as high as possible and imports minimised. For more than 300 years, almost every ruler and political thinker was a mercantilist. Eventually, economists including Adam Smith, in his ground-breaking work of 1776 The Wealth of Nations, declared that mercantilism was a flawed concept and it became discredited. However, a mercantilist economic approach can still be found in modern times and today’s politicians sometimes still use rhetoric related to mercantilism. WithD’Maris Coffman
Professor in Economics and Finance of the Built Environment at University College London
 
Craig Muldrew
Professor of Social and Economic History at the University of Cambridge and a Member of Queens’ Collegeand Helen Paul, Lecturer in Economics and Economic History at the University of Southampton.Producer Luke Mulhall

Melvyn Bragg and guests discuss how, between the 16th and 18th centuries, Europe was dominated by an economic way of thinking called mercantilism. The key idea was that exports should be as high as possible and imports minimised. For more than 300 years, almost every ruler and political thinker was a mercantilist. Eventually, economists including Adam Smith, in his ground-breaking work of 1776 The Wealth of Nations, declared that mercantilism was a flawed concept and it became discredited. However, a mercantilist economic approach can still be found in modern times and today’s politicians sometimes still use rhetoric related to mercantilism. With D’Maris Coffman Professor in Economics and Finance of the Built Environment at University College London Craig Muldrew Professor of Social and Economic History at the University of Cambridge and a Member of Queens’ College and Helen Paul, Lecturer in Economics and Economic History at the University of Southampton. Producer Luke Mulhall

Mercantilism

Spanning history, religion, culture, science and philosophy, In Our Time from BBC Radio 4 is essential listening for the intellectually curious. In each episode, host Misha Glenny and expert guests explore the characters, events and discoveries that have shaped our world. 
 
History fans can learn about pivotal wars and societal upheavals, such as the rise and fall of Napoleon, the Sack of Rome in 1527, and the political intrigue of the Russian Revolution. Those fascinated by the lives of kings and queens can journey to Versailles to meet Marie Antoinette and Louis XIV the Sun King, or to Ancient Egypt to meet Cleopatra and Nerfertiti. Or perhaps you’re looking to explore the history of religion, from Buddhism’s early teachings to the Protestant Reformation.
 
If you’re interested in the stories behind iconic works of art, music and literature, dive in to discussions on the artistic genius of Michelangelo's Sistine Chapel and Van Gogh’s famous Sunflowers. From Gothic architecture to the works of Shakespeare, each episode of In Our Time offers new insight into humanity’s cultural achievements.
 
Those looking to enrich their scientific knowledge can hear episodes on black holes, the Periodic Table, and classical theories of gravity, motion, evolution and relativity. Learn how the discovery of penicillin revolutionised medicine, and how the death of stars can lead to the formation of new planets. 
 
Lovers of philosophy will find episodes on the big issues that define existence, from free will and ethics, to liberty and justice. In what ways did celebrated philosophers such as Mary Wollstonecraft and Karl Marx push forward radical new ideas? How has the concept of karma evolved from the ancient Sanskrit texts of Hinduism to today? What was Plato’s concept of an ideal republic, and how did he explore this through the legend of the lost city of Atlantis?
 
In Our Time celebrates the pursuit of knowledge and the enduring power of ideas.

History

Spanning history, religion, culture, science and philosophy, In Our Time from BBC Radio 4 is essential listening for the intellectually curious. In each episode, host Misha Glenny and expert guests explore the characters, events and discoveries that have shaped our world. History fans can learn about pivotal wars and societal upheavals, such as the rise and fall of Napoleon, the Sack of Rome in 1527, and the political intrigue of the Russian Revolution. Those fascinated by the lives of kings and queens can journey to Versailles to meet Marie Antoinette and Louis XIV the Sun King, or to Ancient Egypt to meet Cleopatra and Nerfertiti. Or perhaps you’re looking to explore the history of religion, from Buddhism’s early teachings to the Protestant Reformation. If you’re interested in the stories behind iconic works of art, music and literature, dive in to discussions on the artistic genius of Michelangelo's Sistine Chapel and Van Gogh’s famous Sunflowers. From Gothic architecture to the works of Shakespeare, each episode of In Our Time offers new insight into humanity’s cultural achievements. Those looking to enrich their scientific knowledge can hear episodes on black holes, the Periodic Table, and classical theories of gravity, motion, evolution and relativity. Learn how the discovery of penicillin revolutionised medicine, and how the death of stars can lead to the formation of new planets. Lovers of philosophy will find episodes on the big issues that define existence, from free will and ethics, to liberty and justice. In what ways did celebrated philosophers such as Mary Wollstonecraft and Karl Marx push forward radical new ideas? How has the concept of karma evolved from the ancient Sanskrit texts of Hinduism to today? What was Plato’s concept of an ideal republic, and how did he explore this through the legend of the lost city of Atlantis? In Our Time celebrates the pursuit of knowledge and the enduring power of ideas.

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