The aim of this essay is to survey the logic behind the Tory ministerial decision to bring a quick end to the hostilities with France in the early 1710s by looking at a tri-weekly journal called The Mercator (1713–14). Founded by Henry St. John, Viscount Bolingbroke, then Secretary of State, and his economic advisor Charles Davenant, with a view to justifying their grandiose plan to liberalise the Anglo-French trade relationship as part of a new European order initiated by the (...) Peace of Utrecht, this periodical shows us how the so-called neo-Roman synthesis of libertas and imperium was exploited by the Tory administration not only to defend its isolationist outlook, but more interestingly, to reprove the pro-Dutch policy of the previous Whig government. ☆ I am grateful to both the Acton Institute for the Study of Liberty and Religion and the Institute of the Humane Studies for their generous financial assistances in preparing this paper. (shrink)

The balance-of-power idea became a crucial concept in the discourse of international affairs by the mid-seventeenth century. Nonetheless, the concept of balance of power was not even explicitly referenced in the Peace of Westphalia (1648). Instead, the legal principles of status quo ante and uti possidetis reigned supreme. Even though the balance-of-power principle was not mentioned in the Peace of Westphalia, it was often referenced during the negotiations and its implicit presence or practical balance of power was evident (...) in the treaties trying to reach stability in the inter-state system. Several alliances, concluded mostly against France and Louis XIV in the second half of the seventeenth century, implied the balance of power and, more specifically, the balance of sea power. The paper argues that the balancing process became less theoretical and more pragmatic as evidenced by interactive alliance treaties that established reciprocal responsibilities and numerical equilibrium. By the Peace of Utrecht (1713), the balance of power or the balance of Europe became a leading principle and it was referenced repeatedly in the treaties in different languages. The paper traces the balance-of-power idea from the diplomatic background to the diplomatic foreground as the idea moved from natural law to positive law. (shrink)