Mercantilism

Mercantilism is the economic theory that a nation's prosperity depends upon its supply of capital and that the global volume of trade is unchangeable. The amount of capital, represented by bullion (amount of precious metal held by the state), is best increased through a balance of trade with large exports and low imports. Mercantilism suggests that the government should advance these goals by playing an active, protectionist role in the economy by encouraging exports and discouraging imports, especially through the use of tariffs. The economic policy based on these ideas is often called the mercantile system.

Notes

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• {{note|name}} Jürg Niehans. A History of Economic Theory pg. 6
• {{note|focus}} Harry Landreth and David C. Colander History of Economic Thought. pg. 44
• {{note|unity}} Robert B. Ekelund and Robert D. Tollison. Mercantilism as a Rent-Seeking Society. pg. 9
• {{note|comp}} Landreth and Colander. pg. 48
• {{note|landis}} David S. Landis The Unbound Prometheus. pg. 31
• {{note|feud}} Landreth and Colander. pg. 43
• {{note|double}} Charles Wilson. Mercantilism. pg. 10
• {{note|vice}} Robert B. Ekelund and Robert F. Hébert. A History of Economic Theory and Method. pg. 46
• {{note|cause}} Ekelund and Hébert. pg. 61
• {{note|jobs}} Niehans. pg. 19
• {{note|pur}} Landreth and Colander. pg. 53
• {{note|decrees}} Hermann Kellenbenz. The Rise of the European Economy. pg. 29
• {{note|Colbert}} E.N. Williams. The Ancien Regime in Europe. pg. 177-83
• {{note|comm}} E. Damsgaard Hansen. European Economic History. pg. 65
• {{note|monop}} Christopher Hill. The Century of Revolution. pg. 32
• {{note|fens}} Wilson pg. 15
• {{note|rich}} Ekelund and Hébert. pg. 43
• {{note|straw}} Niehans. pg. 19
• {{note|end}} Ekelund and Tollison
• {{note|Germany}} Wilson pg. 6
• {{note|word}} Wilson pg. 3
• {{note|neo}} Robert S. Walters and David H. Blake. The Politics of Global Economic Relations.
• {{note|nav}} Hansen pg. 64

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