----------------- HES POSTING ----------------- I think it is simplistic to separate List, Rae, and Hamilton from the mercantilists, as Prof. Hay suggests. The English mercantilists of the 17th C. had very similar ideas--and were I think quite unlike their continental colleagues. Moreover, those English mercantilists turned out to be right as well--if you take UK economic performance after 1700 as the benchmark. Fred Carstenson ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]