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An Appreciation of Mercantilism
1993Historians have noticed that some of the leading ideas of classical economics are to be found among the writings of the mercantilists. Free trade is the most often cited, not altogether appositely, since the classical economists had substantial reservations about it.
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2021
The notion of “mercantilism” or the “mercantile system” as a formal idea was identified by Adam Smith in his The Wealth of Nations. Smith had in mind a set of writers (the mercantilists) who were active in the 16th and 17th centuries, primarily but not exclusively in England.
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The notion of “mercantilism” or the “mercantile system” as a formal idea was identified by Adam Smith in his The Wealth of Nations. Smith had in mind a set of writers (the mercantilists) who were active in the 16th and 17th centuries, primarily but not exclusively in England.
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