Friedrich List

Friedrich List was a German economist and journalist who lived from 1789 to 1846. He is known for his theories on economic nationalism and his advocacy for government intervention in the economy.

Economic nationalism refers to policies and practices that prioritize the interests of a country's domestic economy over international trade. It involves promoting and protecting domestic industries and markets, often through government intervention or regulation.

Friedrich List believed in the importance of economic development and saw economic nationalism as a means to achieve this. He advocated for government intervention in the economy, including protective tariffs and subsidies, to protect and promote domestic industries and foster economic growth. List also emphasized the role of infrastructure development, such as railways and canals, in facilitating economic progress.

Friedrich List was critical of the classical liberal idea of unfettered free trade. He believed that while free trade could benefit established and advanced economies, it could harm developing economies. List argued that developing nations needed protection and support for their industries in order to compete and catch up with more advanced nations.

Friedrich List's ideas have had a significant impact on economic thinking and policy-making. His advocacy for economic nationalism and government intervention in the economy provided a theoretical foundation for later policies of protectionism and industrialization. List's ideas have influenced subsequent economic thinkers and have shaped debates on economic development and trade policies.