Abstract
This paper analyzes how free trade and mercantilism had confronted to each other in the Ottoman Empire and how free trade in the Ottoman Empire had yielded to mercantilism. It particularly, analyzes the case of Aleppo a trading city in the Ottoman Empire. Aleppo evidences that how its liberal and free market oriented trading system had failed and why the protectionist trading system espoused by the some of the major European countries had been triumphant over the free trade regime of Aleppo. The concluding message of this paper is that free trade can succeed only when it is coupled with the institutions of democracy and market based rules. This paper is basically a review of the book by BRUCE MASTERS, THE ORIGINS OF WESTERN ECONOMIC DOMINANCE IN THE MIDDLE EAST: MERCANTILISM AND THE ISLAMIC ECONOMY IN ALEPPO, 1600-1750, (New York, New York University Press, 1988) pp. xvii, 240.
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