Eli Heckscher and the idea of Mercantilism

Abstract

It is more than a quarter of a century since the late Professor Eli Heckscher's Mercantilism first appeared, in Swedish (1931), and nearly as long since it became available in German (1932) and in English (1935). The recent publication of a revised English edition 1 E. F. Heckscher, Mercantilism (Revised Edition, Ed. E. F. Soderlund, London, 1955). All page references given in the present article are to this edition. I would like to thank Professor Soderlund, as well as my colleagues Mr. J. Potter and Professor F. J. Fisher for advice and assistance in connection with this article, although no responsibility attaches to them for the opinions expressed therein. offers an opportunity for a re-appraisal both of the work and of the concept with which it is concerned. The latter has loomed large in the writing of economic history and in the study of economic thought. What is its value? What did it become in Heckscher's hands?

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