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Freeing the market: by abandoning the regulations of mercantilism, England became an economic powerhouse. Both the industrialists and the great masses benefited.(History--Struggle For Freedom)
Mercantilism was the economic system that dominated Western Europe from around 1500 to the time of the Industrial Revolution. It was a system of state control and national economic rivalry, which sought to accumulate precious bullion for the state through a politically planned economy involving taxation of imports, promotion of favored exports, and exploitation of colonies. Regulation was the byword of the day.
Like contemporary Marxism, mercantilism held "that there is an irreconcilable conflict of interests among men and groups of men," wrote Ludwig von Mises in Theory and History. "The gain of one is invariably the damage of others; no man profits but by the ...
- Mercantilism
- Encyclopedia entry from: International Encyclopedia of the Social Sciences January 1, 2008 700+ words
Mercantilism The term mercantilism designates a system of economic...preferred to call it — was Adam Smith. According to him the core of...the mercantile system, or simply mercantilism, as state dirigism and protectionism...
- Mercantilism reconsidered.
- Newspaper article from: Daily News Egypt (Egypt) July 14, 2009 700+ words
...tradition that goes back to Adam Smith and continues a proud...most notably China). Adam Smith and his followers decisively...mercantilist teachings. Early mercantilism deserves a rethink too...networks and profits that mercantilism provided for Britain...
- Mercantilism revisited: the dismal science.
- Magazine article from: The New Leader Brockway, George P. October 7, 1985 700+ words
...makes some observations about mercantilism, and they have given me...attention in school knows that mercantilism was a bad idea. It bled...reserves." Any follower of Adam Smith or David Ricardo can see...includes some "Notes on Mercantilism..." He observes that...
- British mercantilism and crop controls in the tobacco colonies: a study of...
- Magazine article from: The Cato Journal Pecquet, Gary M. January 1, 2003 700+ words
...learned from the study of mercantilism and the colonial crop controls...well known since the time of Adam Smith. More recently, economists...1981) have analyzed British mercantilism as a rent-seeking society...they ignored the impact of mercantilism and the role of rent seeking...
- Sick Economies: Drama, Mercantilism, and Disease in Shakespeare's England.(Book...
- Magazine article from: Shakespeare Studies Rowe, Katherine January 1, 2005 700+ words
...English economic thought, mercantilism, which has remained offstage...economic practice. Approaching mercantilism as an ongoing debate about...intake and output. And like mercantilism, it is better understood...Roaring Girl as foreshadowing Adam Smith's idea of healthy consumption...
- From Mercantilism to The Wealth of Nations.(18th-century international trade)
- Magazine article from: World and I Marshall, Michael May 1, 1999 700+ words
...amp; I, March 1999, p. 18] to control and direct it, produced the system later labeled, most notably by Adam Smith, mercantilism. This was the practice of imperial rivalry between European powers over global trade, and it gave impetus...
- The Philadelphia Inquirer The Economy column: Is China strategy 'mercantilism'?
- Newspaper article from: Philadelphia Inquirer (Philadelphia, PA) April 21, 2006 700+ words
...practiced a more modern form of mercantilism -- but not necessarily a...long slump. It turned out mercantilism also meant protecting the...two centuries earlier by Adam Smith. The Scottish philosopher...Nations, was a critique of mercantilism as practiced by Europe...
- Goodbye, Free Trade; Hello, Mercantilism.(Next 2008; WORLD ECONOMICS)
- Magazine article from: Newsweek Samuelson, Robert J. January 7, 2008 700+ words
...the mid- 19th century, mercantilism aimed to do just that. It...financed armies and navies. But mercantilism fell into disfavor as a way...prosperity. Free trade, argued Adam Smith and David Ricardo, would...were lifted slowly. Now mercantilism is making a comeback, as...
Source: HighBeam Research, Freeing the market: by abandoning the regulations of mercantilism,...