State–merchant relations and economic thought: the Dutch Republic and England, 1580–1720

Abstract

AbstractThe commercially and financially dynamic early modern Dutch Republic experienced a broad expansion of the public sphere and print industry. One topic was largely absent from this boom: trade, commerce and finance. This absence is particularly notable given that the Dutch Republic was widely considered to be the most accomplished site of expertise in those matters. Instead, a discourse attempting to understand the causes and consequences of market processes emerged in England. A comparison between the two emerging nations suggests that the tight integration between the commercial and political worlds in the Netherlands discouraged the development of a public discourse on economic matters. High levels of merchant representation in the offices of state depressed the need for the type of public debate that stimulated advances in the English context. The results suggest that there is an important relational component to the formation and development of economic thought.