"
The prejudices established by the commercial system have taught us to believe, that national wealth arises more immediately from exportation than from production.
"There is little content yet for this page, please feel free to submit some more.
Until then visit a related page at :
Mercantilism is economic nationalism for the purpose of building a wealthy and powerful state. Adam Smith coined the term “mercantile system” to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports. This system dominated Western European economic thought and policies from the sixteenth to the late eighteenth centuries. The goal of these policies was, supposedly, to achieve a “favorable” balance of trade that would bring gold and silver into the country and also to maintain domestic employment. Mercantilism The king and bureacracies:
|
 |
|