Liberal free traders emphasize consumption, while mercantilists
Admittedly Mun and the other mercantilists
held some naive arguments, due partly to the improper way of expressing themselves, partly to the fact that their economic categories were still elementary.
Unlike the mercantilists
who viewed money as wealth, Cantillon showed that an increase in the quantity of money had both seemingly beneficial effects as well as dangerous negative effects.
But there is no reason to think that mercantilists
won't turn their sights on European leadership, just as they have done on American supremacy.
By taking full responsibility for Asian security, we are subsidizing the very mercantilists
whose competitive inroads we're trying to reverse.
also manipulate government procurement practices to their advantage.
In contrary to mercantilists
who regarded valuable mines as the source of wealth and gave big importance to trade in ultimate goods export way, in physiocratic thought wealth is not composed of foreign trade but in the activity areas such as farming, fishing and mining, namely of goods produced with the help of nature (earth) (Olmezogullari, 2003, pp.
China's pursuit of a high-saving, large-trade-surplus economy in recent years embodies mercantilist
believed in an active economic role for the state -- to promote exports, discourage finished imports, and establish trade monopolies that would enrich business and the crown alike.
market in the face of the special treatment for China and other Asian mercantilists
In the vigorous contemporary debate over the prehistory of economics, most mainstream economic historians identify the birth of modern economics to be in Adam Smith, and, to a lesser extent, in his immediate predecessors the mercantilists
and the physiocrats.
derived much of their doctrine from their strong sense of nationalism.