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Devaluing to Prosperity. Misaligned Currencies and Their Growth Consequences

机译:贬值繁荣。货币错位及其增长后果

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The economics profession is not sure of much these days but they are sure Adam Smith was right and the Mercantilists were wrong. Yet the theme of this excellent book is that the Mercantilists may have been right about the most important question facing the economics profession both then and now. The question, of course, is what is the best strategy for a government to follow if it wants to increase the wealth of the nation? Smith's answer was, for the most part, to get out of the way. The Mercantilists offered a bewildering, contradictory, and probably useless list of government interventions. Hence Mercantilist remains a pejorative label.
机译:如今,经济学界对此不太确定,但他们确信亚当·史密斯(Adam Smith)是正确的,而重商主义者是错误的。然而,这本优秀著作的主题是,重商主义者可能对当时和现在经济学界面临的最重要问题是正确的。当然,问题是,如果政府想要增加国家的财富,那么遵循的最佳策略是什么?史密斯的答案在大多数情况下是摆脱困境。重商主义者提供了一个令人困惑,矛盾,甚至毫无用处的政府干预清单。因此重商主义者仍然是贬义的标签。

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