Volume 16, Number 2 · February 11, 1971
The Multinational Corporation and the Nation-State
By Robert L. Heilbroner
Of all the problems we call 'economic,' few have so baffled the expert and the nonexpert alike as those that involve the relations between nation-states. Indeed, one might even go so far as to say that economics, as a 'science,' got its start from efforts to explain how gold and goods traveled from nation to nation, working their various effects on the countries they left and those they entered. In particular, that ill-associated group of seventeenth- and early eighteenth-century pamphleteers we call the mercantilists deserve their place in the history of economic thought if only because they annoyed people like Hume and Adam Smith (among others) sufficiently to get economic inquiry started along its present lines.
Feature, 7100 words
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