Mercantilism
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 An imaginary seaport with a transposed Villa Medici, painted by Claude Lorrain around 1637, at the height of mercantilism |
Mercantilism is the economic doctrine that government control of foreign trade is of paramount importance for ensuring the prosperity and military security of the state. In particular, it demands a positive balance of trade. Mercantilism dominated Western European economic policy and discourse from the 16th to late-18th centuries. Mercantilism was a cause of frequent European wars in that time and motivated colonial expansion. Mercantilist theory varied in sophistication from one writer to another and evolved over time. Favors for powerful interests were often defended with mercantilist reasoning.
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| Thomas Mun's Englands Treasure by Forraign Trade Thomas Mun's Englands Treasure by Forraign Trade www.ecn.bris.ac.uk/het/mun/treasure.txt - Web |
| Book IV of The Wealth of Nations, Adam Smith's att... Book IV of The Wealth of Nations, Adam Smith's attack on the Mercantile System www.econlib.org/library/Smith/smWN.html - Web |
| Mercantilism Mercantilism www.polyarchy.org/references/mercantilism.html - Web |
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