Shifting Capital - Hardback Book - Mercantilism and the Economics of the Act of Union of 1707 - by Aida Ramos - 9783319964027 - Springer International Publishing AG

Dimensions: 21.7cm x 15.6cm x 1.1cm - When the Act of Union was passed in 1707, Scottish parliament was dissolved and the nation's capital became London. While the general public balked at the perceived unfairness of the treaty, the majority of Scottish ministers seemed satisfied with its terms. This book offers an explanation of how that outcome came about. By examining the influence of a particular strain of mercantilist thought, Ramos demonstrates how the negotiations preceding the passage of the Act of Union were shaped by ideas of value, wealth, trade and power, and, accordingly, how the model of positive balance was used to justify the necessity of the Act.