Title page from Josiah Tucker: A Selection from His Economic and Political Writings

Josiah Tucker: A Selection from His Economic and Political Writings

This edition (originally published by Columbia University Press in 1931) contains seven of Tucker’s writings, two of which are of special economic interest: “The Elements of Commerce and Theory of Taxes” and “Instructions for Travelers.” In the former selection, Tucker denounces monopoly in all its forms, yet he occupies an intermediate position between the rigid exclusiveness of mercantilism and the freedom of trade of Adam Smith. While he departs from Smith in some ways, it is often said that Tucker’s work anticipates the classic doctrines of the Wealth of Nations, which was written twenty years later.

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Other writings in the volume include a remarkable tract on war, which illustrates progressive, pacifistic thought; and a treatise on civil government, written to refute the contract theory of the state. Tucker disposed of the fallacy that one nation could thrive only at the expense of another and condemned going to war for the sake of trade advantages. The original introduction, by Columbia history professor Robert Livingston Schuyler, places Tucker’s writings in their historical and biographical setting and emphasizes what seems most significant in his thought as an economist, a pacifist, an anti-imperialist, and a political theorist.

Throughout the writings in this book, Tucker reveals with striking clearness the process of internal disintegration of the mercantilist doctrine during the eighteenth century, even before Hume and Smith had provided an acceptable substitute.

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