Economics Dictionary of ArgumentsHome
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| Mercantilism: Mercantilism is an economic policy that promotes government regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. It encourages the accumulation of gold and silver and relies on the export of goods to achieve a favorable balance of trade, which was thought to stimulate economic growth. See also Economic growth._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Donald J. Boudreaux on Mercantilism - Dictionary of Arguments
Boudreaux I 8 Mercantilism/ Boudreaux: The adherents of this dusty and debunked doctrine - the popularity of which peaked roughly from 1600 until the publication in 1776 of Smith’s monumental work An Inquiry Into the Nature and Causes of the Wealth of Nations(1) - assumed that the interest of the state is identical to that of society. Thus, any policy that strengthened the state was believed to strengthen society. [This kind of] aggregative thinking lumps together a great many individuals into large categories such as “the nation” or “the government” and then treats each of these categories as if it is a unitary thinking, choosing, and acting individual. >Aggregation, >Methodological individualism, >Actions. 1. Smith, Adam. (1776). An Inquiry Into the Nature and Causes of the Wealth of Nations._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Boudreaux I Donald J. Boudreaux Randall G. Holcombe The Essential James Buchanan Vancouver: The Fraser Institute 2021 Boudreaux II Donald J. Boudreaux The Essential Hayek Vancouver: Fraser Institute 2014 |
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