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High Levels Of Unemployment In The Mercantilist Era

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  • Letiche, John M.

Abstract

This article draws attention to the high levels of unemployment in the mercantilist era, a parallel to conditions in the less developed countries at the present time. Understandably, distinguished economists of the twentieth century, writing before the publication of Keynes’ General Theory, tended to underestimate this problem. Actual causes of the high levels of unemployment are examined, including the fluctuating impacts of merchant entrepreneurs, agricultural revolutions, political unrest, and warfare, as well as nutritional deficiencies, which contributed directly to unemployment.

Suggested Citation

  • Letiche, John M., 2014. "High Levels Of Unemployment In The Mercantilist Era," Journal of the History of Economic Thought, Cambridge University Press, vol. 36(2), pages 237-251, June.
    • Handle: RePEc:cup:jhisec:v:36:y:2014:i:02:p:237-251_00
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    Cited by:

    1. Mustafa Orhan Özer, 2022. "The Relationship between Economic Growth and Unemployment Rate: Fractional Frequency Fourier ARDL Bounds Test Approach," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 72(72-1), pages 269-292, June.

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