Economic Models Clash by Amelia Scott

"Economic Models Clash" explores the diverse economic philosophies of revolutionary France, the British trade empire, and the early United States, revealing how their distinct approaches to currency, trade regulation, and fiscal policy influenced global power dynamics in the late 18th and early 19th centuries. France, embracing interventionist ideals, experimented with price controls, while Britain strategically used mercantilism and free trade to build its global trade network. The United States, navigating its identity, sought a balance between agrarianism and commercial ambition, leading to debates that shaped its economic policies.

The book examines how these competing models fueled prosperity and conflict, analyzing the impact of events like the Napoleonic Wars on each nation’s economy. For example, Britain's sophisticated trade regulations allowed it to dominate global commerce, while France's revolutionary fervor led to drastic economic interventions. It progresses by first outlining the theoretical underpinnings of each model then investigating specific instances of economic conflict and cooperation, and concludes by drawing parallels to contemporary global economic challenges.

Using a comparative historical approach and a wealth of primary sources like merchants' ledgers and legislative records, the book connects economics with political science, international relations, and sociology, demonstrating how economic systems are linked to political ideologies and geopolitical struggles. By understanding these historical economic models, readers gain crucial insight into the origins of modern economic theory and practice, illuminating ongoing debates about globalization and the role of government.