Therefore, More presents an alternative to the mercantile system
and capitalism by destroying the concept of an economy which is based on money (Southall, 1973).
But in the mercantile system
, the interest of the consumer is almost constantly sacrificed to that of the producer; and it seems to consider production, and not consumption, as the ultimate end and object of all industry and commerce.
The onset of international commerce laid the groundwork for the mercantile system
by creating a new class of merchants who explored the philosophy of economics in an attempt to ensure their own well being.
Not so Crowley, for whom Smith's analysis is the touchstone not only for economic liberalism, but also for mercantilism--a concept which, Crowley informs us in his preface, is to be equated with Smith's discussion of the "mercantile system
" in book 4 of The Wealth of Nations.
To Barry's contemporaries, the image of the mercantile system
as natural and inevitable was reassuring.