Reconsideration of Economic Views of a Classical Empire and a Nation‐State During the Mercantilist Ages

Mehmet Bulut

American Journal of Economics and Sociology, 2009, vol. 68, issue 3, 791-828

Abstract: While the main aim of the economic policies of European nation‐states was to use the power of the state to promote trade and economic growth and to build up national industries and manufacture, the Ottoman Empire continued to follow its provisionist, fiscalist, and traditional economic policies of land expansion in the early modern period. In Western Europe, this experience gave birth to a new class that gradually improved its trade ability and expanding industries and markets under a capitalist system. The Ottoman imperial policy was mostly concerned about the continuity of strong central authority and land expansion, which never meant improving the industry or trade concerns. Instead, the economic policies of the Ottomans were subsistence of the people, provisioning the major population centers, collection of taxes, and maintaining freedom of trade. The balance and stability in society explain the priority for the Ottomans in the economy. However, commercialization and profit explain the priority for the Dutch nation in the economy. This article elaborates the economic views of the Dutch Republic and the Ottoman Empire in the mercantilist ages.

Date: 2009
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https://doi.org/10.1111/j.1536-7150.2009.00642.x

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