Looking backward

David Reisman ()

Chapter 3 in Mercantilism, 2025, pp 26-31 from Edward Elgar Publishing

Abstract: The mercantilist world-view was conservative as well as progressive. It was rooted in traditions such as organicism and acceptance that it inherited from the Middle Ages when religion and ascribed status had been prominent. Lack of security and infrastructure had inhibited trade. The just or customary price was not compatible with supply and demand. Later international trade, banking, bills of exchange and the printing press developed. They opened the door to the mercantile revolution on the back of the voyages of discovery, the colonial system and new advances in physics and medicine. The Church of England broke away from Catholicism: it reinforced national feeling. The enclosure movement led to the landless poor and to the poor laws but also to the Diggers and radical dissent.

Keywords: Middle Ages; Tradition; Just price; Colonial trade; Science (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035347650
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