Mercantilist Policies and the Pattern of World Trade, 1500–1750

Rudolph C. Blitz

The Journal of Economic History, 1967, vol. 27, issue 1, 39-55

Abstract: Much of the controversy over Mercantilist policies has focused on the relevance of political exigencies as against economic principles. Some economists have also attempted to evaluate Mercantilist policies in terms of the difference between various short-run and long-run adjustments. By contrast, the concern here has been with some purely economic but rather basic characteristics of the Mercantilist age. I have attempted to explain Mercantilist policies by the actual pattern of the specie flow, the characteristics of some of the commodity trade, the nature and limitation of foreign investment, and in terms of the existing monetary systems.

Date: 1967
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