institutions created.” This transition from particularist to national economies, societies, and political structures, according to Schmoller, was of epochal importance. “The seventeenth and eighteenth centuries,” he maintained, were together “the birth hour of modern states and modern national economies” and were therefore “necessarily characterized by a selfish national commercial policy of a harsh and rude kind.” Though some states, such as Britain, “could begin to think and act in the spirit of free…
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