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Max Planck Encyclopedia of Public International Law [MPEPIL]


Philipp Reinhold

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 21 May 2022

Tariffs — Unilateral acts

Published under the auspices of the Max Planck Institute for Comparative Public Law and International Law under the direction of Professor Anne Peters (2021–) and Professor Rüdiger Wolfrum (2004–2020). 

1 The term ‘mercantilism’ is widely used, though its concrete meaning is far from clear. It is assumed that the term goes back to Adam Smith (1723–1790) who criticized in his famous book ‘The Wealth of Nations’ a certain type of commercial policy described by him as the ‘mercantile system’. However, it is argued that the representatives of this commercial policy did not follow a specific dogmatic conception and therefore the term mercantilism does not represent a system at all (Blaich [1973] 1 ff). The most common definition was given by the Swedish historian Eli...
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