Origin of mercantilism
Examples from the Web for mercantilism
Morici blames the return of stagflation on "Chinese mercantilism" as its government fixes oil prices at home at low levels.
"If you want to know why there are riots in Egypt, it's because of Chinese mercantilism," he says.
The Spanish trade regulations; mercantilism; the staple cities.
Linen in Ireland had been a perfect type of the State-created, spoon-fed industry characteristic of the period of mercantilism.The Open Secret of Ireland
T. M. Kettle
Merchants accustomed to the routine of mercantilism and to state protection are pushed aside.The Stages in the Social History of Capitalism
As long as selfishness is the rule, mercantilism, not economic laissez faire, will be king.Benjamin Franklin
Frank Luther Mott
Exclusion of foreign influences from Colonies; Spanish mercantilism.
- Also called: mercantile system economics a theory prevalent in Europe during the 17th and 18th centuries asserting that the wealth of a nation depends on its possession of precious metals and therefore that the government of a nation must maximize the foreign trade surplus, and foster national commercial interests, a merchant marine, the establishment of colonies, etc
- a rare word for commercialism (def. 1)
Word Origin and History for mercantilism
An economic doctrine that flourished in Europe from the sixteenth to the eighteenth centuries. Mercantilists held that a nation's wealth consisted primarily in the amount of gold and silver in its treasury. Accordingly, mercantilist governments imposed extensive restrictions on their economies to ensure a surplus of exports over imports. In the eighteenth century, mercantilism was challenged by the doctrine of laissez-faire. (See also Adam Smith.)