Ever since the Physiocrats and Adam Smith, mercantilism or 'the mercantile system' have been described as the opposite of classical political economy. This view is very much brought into question by the current book. It argues that the sharp distinction between mercantilism and 19th century laissez-faire economics has obscured the meaning, content and contribution of the former. This book presents a full-scale account of the development of mercantilism as a trend of economic thought during the 17th and 18th centuries. Instead of accepting existing interpretations, it begins with the most...
Ever since the Physiocrats and Adam Smith, mercantilism or 'the mercantile system' have been described as the opposite of classical political economy....
The British mercantilist writers of the 17th and 18th centuries had great influence on modern economics. Their writings, especially on trade and on money, have had an impact both through their ideas and by shaping the language in which subsequent economic debate took place. This text demonstrates that the mercantilists were more subtle and balanced economists than Smith and his followers alleged. Far from naively confusing wealth and money, the writers produced sophisticated accouts of the workings of the economic system which show a complex response to the political economy of the time. The...
The British mercantilist writers of the 17th and 18th centuries had great influence on modern economics. Their writings, especially on trade and on mo...
