"system of natural liberty" against supporters of the mercantile system. Who are Smith's opponents?

Le « système de la liberté naturelle » face aux partisans du système mercantile. Qui sont les adversaires de Smith ?

Céline Bouillot and Daniel Diatkine
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Céline Bouillot: CERMEP - imagerie du vivant - Centre d'Etude et de Recherche Multimodal Et Pluridisciplinaire en imagerie du vivant - CHU ST-E - Centre Hospitalier Universitaire de Saint-Etienne [CHU Saint-Etienne] - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - CHUGA - Centre Hospitalier Universitaire [CHU Grenoble] - HCL - Hospices Civils de Lyon - INSERM - Institut National de la Santé et de la Recherche Médicale - CNRS - Centre National de la Recherche Scientifique - UGA [2016-2019] - Université Grenoble Alpes [2016-2019], PHARE - Philosophie, Histoire et Analyse des Représentations Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne
Daniel Diatkine: EPEE - Centre d'Etudes des Politiques Economiques - UEVE - Université d'Évry-Val-d'Essonne, PHARE - Philosophie, Histoire et Analyse des Représentations Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne

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Abstract: According to Smith (1776) mercantilist such as, Locke and Mun give a central role to precious metals as money, leading them to confuse wealth and money. However, Smith doesn't give the same attention to Locke and Mun: it seems that for Smith Mun is the true mercantilist opponent. This paper inquires why we encounter such differences of treatment between Locke and Mun. Our hypothesis is that Locke defends social stability between the landed men and the moneyed men. Thus he is in favour of equilibrium of interest and doesn't confuse the merchant's interest with the general interest.

Keywords: Locke; Mercantilism; Money; Mun; Smith (search for similar items in EconPapers)
Date: 2017
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Published in Cahiers d'Economie Politique = Papers in political economy, 2017, 2 (73), pp.91-119. ⟨10.3917/cep.073.0091⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02877951

DOI: 10.3917/cep.073.0091

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