THE BIRTH OF THE POLITICAL ECONOMY OR THE ECONOMY IN THE HEART OF POLITICS: MERCANTILISM

Jacques Fontanel, Jean-Paul Hebert and Ivan Samson

Defence and Peace Economics, 2008, vol. 19, issue 5, 331-338

Abstract: Mercantilism (16th-18th centuries) is a set of precepts concerning economic policy. It places the State at the heart of national economic development. Wealth is conceived as serving power. Mercantilists share a static conception of international economic relations, considering that one country can only enrich itself to the detriment of another. It is a true theory of economic war. However, the development of mercantilism shows a progressive transition of economic thought towards a lower consideration of political aspects.

Keywords: Mercantilism; Power of the Prince; War; International trade (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (26)

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DOI: 10.1080/10242690802354279

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