Меркантилизм как теория длительного периода

Борисов Глеб Владимирович

Vestnik of the St. Petersburg University. Series 5. Economics Вестник Санкт-Петербургского университета. Серия 5. Экономика, 2007, issue 2, 68-78

Abstract: The paper deals with the examination of critical objections to mercantilism. Criticism of mercantilism on the basis of the theory of specie flows treated in accordance with the formulation proposed by R. Cantillon and D. Hume is analyzed in detail. It is shown that the theory of specie flows is based on the short run assumptions upon the stability of technology and unit costs of production from period to period. A number of aspects of the mercantilist theory and policy concerning the long run factors of the supply side that influence technology and unit costs is examined. Conclusions, stating that a) assumptions of the theory of specie flows and these of mercantilism are in conflict with each other and b) criticism of mercantilism based on the specie flows theory is incorrect, are made.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:scn:003571:14692751

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