Brief Quotations from the Writings of Alexander Hamilton and Friedrich

question 21

Essay

Brief quotations from the writings of Alexander Hamilton and Friedrich List are given in this chapter. Based on these short bits of writing, compare the ideas of these two political economists with those of two contemporary political economists. What do they have in common that makes them all mercantilists or neomercantilists? How do they differ in the policies that they suggest nations take?

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Definitions:

Decision-Making

The cognitive process of selecting a course of action from among multiple alternatives, typically aiming to achieve a specific goal or outcome.

Contingency Thinking

A reasoning approach that involves considering multiple potential actions or outcomes in decision-making, recognizing that different conditions require different solutions.

Outside The Box Thinking

A creative thinking process that involves looking beyond conventional solutions and considering novel or unconventional approaches to solving problems.

Reciprocal Thinking

The consideration of mutual perspectives, understanding that thoughts, feelings, and actions can be influenced by and can influence others'.