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Mercantilism

Index Mercantilism

Mercantilism is a national economic policy designed to maximize the trade of a nation and, historically, to maximize the accumulation of gold and silver (as well as crops). [1]

149 relations: Absolute advantage, Absolute monarchy, Adam Smith, American Revolution, Anglo-Dutch Wars, Antonio Serra, Army, Austrian School, Balance of trade, Banknote, Black market, Bullion, Bullionism, Cameralism, Cato Institute, Charles Davenant, China, Christian IV of Denmark, Christina, Queen of Sweden, Classical economics, Colbertism, Colonialism, Colony, Common law, Company of One Hundred Associates, Comparative advantage, Consumption (economics), Continental Europe, Corn Laws, Current account, David Hume, David Ricardo, Divine right of kings, Double-entry bookkeeping system, Dudley North (economist), Dutch East India Company, Early modern period, Economic interventionism, Economic oppression, Economic policy, Economy of Japan, Edward Misselden, Elizabeth I of England, Elizabethan era, Empiricism, English Civil War, Feudalism, Fiat money, Finished good, Flanders, ..., Floating exchange rate, Foreign-exchange reserves, Formal fallacy, Franco-Dutch War, Frederick the Great, Free trade, French Revolution, Genoa, Gerard de Malynes, German language, Giovanni Botero, Group decision-making, Hard money (policy), Hegemony, Historical school of economics, Holy Roman Emperor, House of Stuart, Hudson's Bay Company, Imperialism, Import quota, Industrial policy, Infant industry, Infant industry argument, International relations, Jacob Kettler, Jacob Viner, James Steuart (economist), Jean Bodin, Jean-Baptiste Colbert, John Locke, John Maynard Keynes, Josiah Child, Labor theory of value, Laissez-faire, Letters patent, Liberty Fund, Long Parliament, Louis XIV of France, Market (economics), Microeconomics, Money supply, Monopoly, Murray Rothbard, Napoleon, Nation state, National interest, Navigation Acts, Neoclassical economics, Neomercantilism, Neorealism (international relations), New Amsterdam, New France, Newsweek, Niccolò Machiavelli, Non-tariff barriers to trade, Oliver Cromwell, Paul Samuelson, Peter the Great, Philip V of Spain, Philipp von Hörnigk, Physiocracy, Pisa, Power (social and political), Protectionism, Puritans, Realpolitik, Renaissance, Rent-seeking, Robert Ekelund, Robert J. Samuelson, Robert Peel, Robert Walpole, Russia, SAGE Publications, Scholasticism, Social class, Spain, Spanish Empire, Staple right, Statism, Stimulus (economics), Subsistence economy, Tariff, The Fens, The General Theory of Employment, Interest and Money, The Wealth of Nations, Thirty Years' War, Thomas Hobbes, Thomas Mun, Thomas Smith (diplomat), Tudor period, Two Treatises of Government, Venice, Victor de Riqueti, marquis de Mirabeau, Walter Rodney, Wiley-Blackwell, World Trade Organization, World War II, Zero-sum game. Expand index (99 more) »

Absolute advantage

In economics, the principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.

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Absolute monarchy

Absolute monarchy, is a form of monarchy in which one ruler has supreme authority and where that authority is not restricted by any written laws, legislature, or customs.

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Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

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American Revolution

The American Revolution was a colonial revolt that took place between 1765 and 1783.

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Anglo-Dutch Wars

The Anglo-Dutch wars (Engels–Nederlandse Oorlogen or Engelse Zeeoorlogen) were a series of conflicts fought, on one side, by the Dutch States (the Dutch Republic, later the Batavian Republic) and, on the other side, first by England and later by the Kingdom of Great Britain/the United Kingdom of Great Britain and Ireland.

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Antonio Serra

Antonio Serra was a late 16th-century Italian philosopher and economist in the Mercantilist tradition.

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Army

An army (from Latin arma "arms, weapons" via Old French armée, "armed" (feminine)) or land force is a fighting force that fights primarily on land.

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Austrian School

The Austrian School is a school of economic thought that is based on methodological individualism—the concept that social phenomena result from the motivations and actions of individuals.

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Balance of trade

The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain period.

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Banknote

A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable promissory note, made by a bank, payable to the bearer on demand.

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Black market

A black market, underground economy, or shadow economy is a clandestine market or transaction that has some aspect of illegality or is characterized by some form of noncompliant behavior with an institutional set of rules.

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Bullion

Bullion is gold, silver, or other precious metals in the form of bars or ingots.

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Bullionism

Bullionism is an economic theory that defines wealth by the amount of precious metals owned.

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Cameralism

Cameralism (German: Kameralismus) was a German science and technology of administration in the 18th and early 19th centuries.

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Cato Institute

The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries.

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Charles Davenant

Charles Davenant (1656–1714) was an English mercantilist economist, politician, and pamphleteer.

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China

China, officially the People's Republic of China (PRC), is a unitary one-party sovereign state in East Asia and the world's most populous country, with a population of around /1e9 round 3 billion.

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Christian IV of Denmark

Christian IV (Christian den Fjerde; 12 April 1577 – 28 February 1648), sometimes colloquially referred to as Christian Firtal in Denmark and Christian Kvart or Quart in Norway, was king of Denmark-Norway and Duke of Holstein and Schleswig from 1588 to 1648.

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Christina, Queen of Sweden

Christina (– 19 April 1689) reigned as Queen of Sweden from 1632 until her abdication in 1654.

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Classical economics

Classical economics or classical political economy (also known as liberal economics) is a school of thought in economics that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century.

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Colbertism

Colbertism is an economic and political doctrine of the 17th century, created by Jean-Baptiste Colbert, the French minister of finance under Louis XIV.

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Colonialism

Colonialism is the policy of a polity seeking to extend or retain its authority over other people or territories, generally with the aim of developing or exploiting them to the benefit of the colonizing country and of helping the colonies modernize in terms defined by the colonizers, especially in economics, religion and health.

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Colony

In history, a colony is a territory under the immediate complete political control of a state, distinct from the home territory of the sovereign.

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Common law

Common law (also known as judicial precedent or judge-made law, or case law) is that body of law derived from judicial decisions of courts and similar tribunals.

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Company of One Hundred Associates

The Company of One Hundred Associates (French: formally the Compagnie de la Nouvelle France, or colloquially the Compagnie des Cent-Associés or Compagnie du Canada or Company of New France) was a French trading and colonization company chartered in 1627 to capitalize on the North American fur trade and to expand French colonies there.

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Comparative advantage

The law or principle of comparative advantage holds that under free trade, an agent will produce more of and consume less of a good for which they have a comparative advantage.

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Consumption (economics)

Consumption is the process in which consumers (customers or buyers) purchase items on the market.

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Continental Europe

Continental or mainland Europe is the continuous continent of Europe excluding its surrounding islands.

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Corn Laws

The Corn Laws were tariffs and other trade restrictions on imported food and grain ("corn") enforced in Great Britain between 1815 and 1846.

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Current account

In economics, a country's current account is one of the two components of its balance of payments, the other being the capital account (also known as the financial account).

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David Hume

David Hume (born David Home; 7 May 1711 NS (26 April 1711 OS) – 25 August 1776) was a Scottish philosopher, historian, economist, and essayist, who is best known today for his highly influential system of philosophical empiricism, skepticism, and naturalism.

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David Ricardo

David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill.

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Divine right of kings

The divine right of kings, divine right, or God's mandate is a political and religious doctrine of royal and political legitimacy.

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Double-entry bookkeeping system

Double-entry bookkeeping, in accounting, is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account.

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Dudley North (economist)

Sir Dudley North (16 May 1641 in Westminster31 December 1691 in London) was an English merchant, politician and economist, a writer on free trade.

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Dutch East India Company

The United East India Company, sometimes known as the United East Indies Company (Vereenigde Oostindische Compagnie; or Verenigde Oost-Indische Compagnie in modern spelling; abbreviated to VOC), better known to the English-speaking world as the Dutch East India Company or sometimes as the Dutch East Indies Company, was a multinational corporation that was founded in 1602 from a government-backed consolidation of several rival Dutch trading companies.

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Early modern period

The early modern period of modern history follows the late Middle Ages of the post-classical era.

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Economic interventionism

Economic interventionism (sometimes state interventionism) is an economic policy perspective favoring government intervention in the market process to correct the market failures and promote the general welfare of the people.

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Economic oppression

Economic oppression may take several forms, including the practice of bonded labour in some parts of India; serfdom; forced labour; low wages; denial of equal opportunity; practicing employment discrimination; and economic discrimination based on sex, nationality, race, and religion.

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Economic policy

The economic policy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the economy.

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Economy of Japan

The economy of Japan is a highly developed and market-oriented economy.

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Edward Misselden

Edward Misselden (fl. 1608–1654) was an English merchant, and leading member of the writers in the Mercantilist group of economic thought.

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Elizabeth I of England

Elizabeth I (7 September 1533 – 24 March 1603) was Queen of England and Ireland from 17 November 1558 until her death on 24 March 1603.

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Elizabethan era

The Elizabethan era is the epoch in the Tudor period of the history of England during the reign of Queen Elizabeth I (1558–1603).

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Empiricism

In philosophy, empiricism is a theory that states that knowledge comes only or primarily from sensory experience.

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English Civil War

The English Civil War (1642–1651) was a series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") over, principally, the manner of England's governance.

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Feudalism

Feudalism was a combination of legal and military customs in medieval Europe that flourished between the 9th and 15th centuries.

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Fiat money

Fiat money is a currency without intrinsic value that has been established as money, often by government regulation.

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Finished good

Finished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.

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Flanders

Flanders (Vlaanderen, Flandre, Flandern) is the Dutch-speaking northern portion of Belgium, although there are several overlapping definitions, including ones related to culture, language, politics and history.

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Floating exchange rate

A floating exchange rate (also called a fluctuating or flexible exchange rate) is a type of exchange-rate regime in which a currency's value is allowed to fluctuate in response to foreign-exchange market mechanisms.

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Foreign-exchange reserves

Foreign-exchange reserves (also called forex reserves or FX reserves) is money or other assets held by a central bank or other monetary authority so that it can pay if need be its liabilities, such as the currency issued by the central bank, as well as the various bank reserves deposited with the central bank by the government and other financial institutions.

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Formal fallacy

In philosophy, a formal fallacy, deductive fallacy, logical fallacy or non sequitur (Latin for "it does not follow") is a pattern of reasoning rendered invalid by a flaw in its logical structure that can neatly be expressed in a standard logic system, for example propositional logic.

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Franco-Dutch War

The Franco-Dutch War (1672–78), often simply called the Dutch War (Guerre de Hollande; Hollandse Oorlog), was a war fought by France, Sweden, Münster, Cologne and England against the Dutch Republic, which was later joined by the Austrian Habsburg lands, Brandenburg-Prussia and Spain to form a Quadruple Alliance.

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Frederick the Great

Frederick II (Friedrich; 24 January 171217 August 1786) was King of Prussia from 1740 until 1786, the longest reign of any Hohenzollern king.

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Free trade

Free trade is a free market policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries.

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French Revolution

The French Revolution (Révolution française) was a period of far-reaching social and political upheaval in France and its colonies that lasted from 1789 until 1799.

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Genoa

Genoa (Genova,; Zêna; English, historically, and Genua) is the capital of the Italian region of Liguria and the sixth-largest city in Italy.

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Gerard de Malynes

Gerard de Malynes (fl. 1585–1641) was an independent merchant in foreign trade, an English commissioner in the Spanish Netherlands, a government advisor on trade matters, assay master of the mint, and commissioner of mint affairs.

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German language

German (Deutsch) is a West Germanic language that is mainly spoken in Central Europe.

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Giovanni Botero

Giovanni Botero (c. 1544 – 1617) was an Italian thinker, priest, poet, and diplomat, best known for his work Della ragion di Stato (The Reason of State).

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Group decision-making

Group decision-making (also known as collaborative decision-making) is a situation faced when individuals collectively make a choice from the alternatives before them.

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Hard money (policy)

Hard money policies (as opposed to fiat currency policies) support a specie standard, usually gold or silver, typically implemented with representative money.

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Hegemony

Hegemony (or) is the political, economic, or military predominance or control of one state over others.

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Historical school of economics

The historical school of economics was an approach to academic economics and to public administration that emerged in the 19th century in Germany, and held sway there until well into the 20th century.

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Holy Roman Emperor

The Holy Roman Emperor (historically Romanorum Imperator, "Emperor of the Romans") was the ruler of the Holy Roman Empire (800-1806 AD, from Charlemagne to Francis II).

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House of Stuart

The House of Stuart, originally Stewart, was a European royal house that originated in Scotland.

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Hudson's Bay Company

The Hudson's Bay Company (HBC; Compagnie de la Baie d'Hudson) is a Canadian retail business group.

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Imperialism

Imperialism is a policy that involves a nation extending its power by the acquisition of lands by purchase, diplomacy or military force.

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Import quota

An import quota is a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.

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Industrial policy

The industrial policy of a country, sometimes denoted IP, is its official strategic effort to encourage the development and growth of part or all of the manufacturing sector as well as other sectors of the economy.

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Infant industry

In economics, an infant industry is a new industry, which in its early stages experiences relative difficulty or is absolutely incapable in competing with established competitors abroad.

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Infant industry argument

The infant industry argument is an economic rationale for trade protectionism.

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International relations

International relations (IR) or international affairs (IA) — commonly also referred to as international studies (IS) or global studies (GS) — is the study of interconnectedness of politics, economics and law on a global level.

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Jacob Kettler

Jacob Kettler (Jakob von Kettler) (28 October 1610 – 1 January 1682) was a Baltic German Duke of the Duchy of Courland and Semigallia (1642–1682).

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Jacob Viner

Jacob Viner (May 3, 1892 – September 12, 1970) was a Canadian economist and is considered with Frank Knight and Henry Simons to be one of the "inspiring" mentors of the early Chicago School of Economics in the 1930s: he was one of the leading figures of the Chicago faculty.

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James Steuart (economist)

Sir James Steuart, 3rd Baronet of Goodtrees and eventually 7th Baronet of Coltness; late in life Sir James Steuart Denham, also called Sir James Denham Steuart (8 October 1707, Edinburgh – 26 November 1780, Coltness, Lanarkshire) was a prominent Scottish Jacobite and author of "probably the first systematic treatise written in English about economics" and the first book in English with 'political economy' in the title.

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Jean Bodin

Jean Bodin (1530–1596) was a French jurist and political philosopher, member of the Parlement of Paris and professor of law in Toulouse.

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Jean-Baptiste Colbert

Jean-Baptiste Colbert (29 August 1619 – 6 September 1683) was a French politician who served as the Minister of Finances of France from 1665 to 1683 under the rule of King Louis XIV.

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John Locke

John Locke (29 August 1632 – 28 October 1704) was an English philosopher and physician, widely regarded as one of the most influential of Enlightenment thinkers and commonly known as the "Father of Liberalism".

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John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

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Josiah Child

Sir Josiah Child, 1st Baronet,, (c.1630/31 – 22 June 1699) was an English merchant and politician.

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Labor theory of value

The labor theory of value (LTV) is a theory of value that argues that the economic value of a good or service is determined by the total amount of "socially necessary labor" required to produce it, rather than by the use or pleasure its owner gets from it (demand) and its scarcity value (supply).

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Laissez-faire

Laissez-faire (from) is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies.

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Letters patent

Letters patent (always in the plural) are a type of legal instrument in the form of a published written order issued by a monarch, president, or other head of state, generally granting an office, right, monopoly, title, or status to a person or corporation.

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Liberty Fund

Liberty Fund, Inc. is a nonprofit foundation headquartered in Indianapolis, Indiana which promulgates the libertarian views of its founder, Pierre F. Goodrich through publishing, conferences, and educational resources.

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Long Parliament

The Long Parliament was an English Parliament which lasted from 1640 until 1660.

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Louis XIV of France

Louis XIV (Louis Dieudonné; 5 September 16381 September 1715), known as Louis the Great (Louis le Grand) or the Sun King (Roi Soleil), was a monarch of the House of Bourbon who reigned as King of France from 1643 until his death in 1715.

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Market (economics)

A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.

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Microeconomics

Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

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Money supply

In economics, the money supply (or money stock) is the total value of monetary assets available in an economy at a specific time.

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Monopoly

A monopoly (from Greek μόνος mónos and πωλεῖν pōleîn) exists when a specific person or enterprise is the only supplier of a particular commodity.

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Murray Rothbard

Murray Newton Rothbard (March 2, 1926 – January 7, 1995) was an American heterodox economist of the Austrian School, a historian and a political theorist whose writings and personal influence played a seminal role in the development of modern right-libertarianism.

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Napoleon

Napoléon Bonaparte (15 August 1769 – 5 May 1821) was a French statesman and military leader who rose to prominence during the French Revolution and led several successful campaigns during the French Revolutionary Wars.

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Nation state

A nation state (or nation-state), in the most specific sense, is a country where a distinct cultural or ethnic group (a "nation" or "people") inhabits a territory and have formed a state (often a sovereign state) that they predominantly govern.

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National interest

The national interest, often referred to by the French expression raison d'État ("reason of State"), is a country's goals and ambitions, whether economic, military, cultural or otherwise.

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Navigation Acts

The Navigation Acts were a series of English laws that restricted colonial trade to England.

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Neoclassical economics

Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

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Neomercantilism

Neomercantilism is a policy regime that encourages exports, discourages imports, controls capital movement, and centralizes currency decisions in the hands of a central government.

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Neorealism (international relations)

Neorealism or structural realism is a theory of international relations that says power is the most important factor in international relations.

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New Amsterdam

New Amsterdam (Nieuw Amsterdam, or) was a 17th-century Dutch settlement established at the southern tip of Manhattan Island that served as the seat of the colonial government in New Netherland.

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New France

New France (Nouvelle-France) was the area colonized by France in North America during a period beginning with the exploration of the Gulf of Saint Lawrence by Jacques Cartier in 1534 and ending with the cession of New France to Great Britain and Spain in 1763.

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Newsweek

Newsweek is an American weekly magazine founded in 1933.

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Niccolò Machiavelli

Niccolò di Bernardo dei Machiavelli (3 May 1469 – 21 June 1527) was an Italian diplomat, politician, historian, philosopher, humanist, and writer of the Renaissance period.

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Non-tariff barriers to trade

Non-tariff barriers to trade (NTBs) or sometimes called "Non-Tariff Measures (NTMs)" are trade barriers that restrict imports or exports of goods or services through mechanisms other than the simple imposition of tariffs.

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Oliver Cromwell

Oliver Cromwell (25 April 15993 September 1658) was an English military and political leader.

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Paul Samuelson

Paul Anthony Samuelson (15 May 1915 – 13 December 2009) was an American economist and the first American to win the Nobel Memorial Prize in Economic Sciences.

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Peter the Great

Peter the Great (ˈpʲɵtr vʲɪˈlʲikʲɪj), Peter I (ˈpʲɵtr ˈpʲɛrvɨj) or Peter Alexeyevich (p; –)Dates indicated by the letters "O.S." are in the Julian calendar with the start of year adjusted to 1 January.

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Philip V of Spain

Philip V (Felipe V, Philippe, Filippo; 19 December 1683 – 9 July 1746) was King of Spain from 1 November 1700 to his abdication in favour of his son Louis on 15 January 1724, and from his reascendancy of the throne upon his son's death on 6 September 1724 to his own death on 9 July 1746.

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Philipp von Hörnigk

Philipp Wilhelm von Hörnigk (sometimes spelt Hornick or Horneck; 23 January 1640 – 23 October 1714) was a German civil servant one of the founders of Cameralism and a supporter of the economic theory of mercantilism.

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Physiocracy

Physiocracy (from the Greek for "government of nature") is an economic theory developed by a group of 18th century Enlightenment French economists who believed that the wealth of nations was derived solely from the value of "land agriculture" or "land development" and that agricultural products should be highly priced.

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Pisa

Pisa is a city in the Tuscany region of Central Italy straddling the Arno just before it empties into the Ligurian Sea.

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Power (social and political)

In social science and politics, power is the ability to influence or outright control the behaviour of people.

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Protectionism

Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations.

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Puritans

The Puritans were English Reformed Protestants in the 16th and 17th centuries who sought to "purify" the Church of England from its "Catholic" practices, maintaining that the Church of England was only partially reformed.

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Realpolitik

Realpolitik (from real; "realistic", "practical", or "actual"; and Politik; "politics") is politics or diplomacy based primarily on considerations of given circumstances and factors, rather than explicit ideological notions or moral and ethical premises.

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Renaissance

The Renaissance is a period in European history, covering the span between the 14th and 17th centuries.

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Rent-seeking

In public choice theory and in economics, rent-seeking involves seeking to increase one's share of existing wealth without creating new wealth.

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Robert Ekelund

Robert Burton Ekelund, Jr. (born 1940) is an American economist.

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Robert J. Samuelson

Robert Jacob Samuelson (born December 23, 1945) is a journalist for The Washington Post, where he has written about business and economic issues since 1977.

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Robert Peel

Sir Robert Peel, 2nd Baronet, (5 February 17882 July 1850) was a British statesman of the Conservative Party who served twice as Prime Minister of the United Kingdom (1834–35 and 1841–46) and twice as Home Secretary (1822–27 and 1828–30).

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Robert Walpole

Robert Walpole, 1st Earl of Orford, (26 August 1676 – 18 March 1745), known before 1742 as Sir Robert Walpole, was a British statesman who is generally regarded as the de facto first Prime Minister of Great Britain.

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Russia

Russia (rɐˈsʲijə), officially the Russian Federation (p), is a country in Eurasia. At, Russia is the largest country in the world by area, covering more than one-eighth of the Earth's inhabited land area, and the ninth most populous, with over 144 million people as of December 2017, excluding Crimea. About 77% of the population live in the western, European part of the country. Russia's capital Moscow is one of the largest cities in the world; other major cities include Saint Petersburg, Novosibirsk, Yekaterinburg and Nizhny Novgorod. Extending across the entirety of Northern Asia and much of Eastern Europe, Russia spans eleven time zones and incorporates a wide range of environments and landforms. From northwest to southeast, Russia shares land borders with Norway, Finland, Estonia, Latvia, Lithuania and Poland (both with Kaliningrad Oblast), Belarus, Ukraine, Georgia, Azerbaijan, Kazakhstan, China, Mongolia and North Korea. It shares maritime borders with Japan by the Sea of Okhotsk and the U.S. state of Alaska across the Bering Strait. The East Slavs emerged as a recognizable group in Europe between the 3rd and 8th centuries AD. Founded and ruled by a Varangian warrior elite and their descendants, the medieval state of Rus arose in the 9th century. In 988 it adopted Orthodox Christianity from the Byzantine Empire, beginning the synthesis of Byzantine and Slavic cultures that defined Russian culture for the next millennium. Rus' ultimately disintegrated into a number of smaller states; most of the Rus' lands were overrun by the Mongol invasion and became tributaries of the nomadic Golden Horde in the 13th century. The Grand Duchy of Moscow gradually reunified the surrounding Russian principalities, achieved independence from the Golden Horde. By the 18th century, the nation had greatly expanded through conquest, annexation, and exploration to become the Russian Empire, which was the third largest empire in history, stretching from Poland on the west to Alaska on the east. Following the Russian Revolution, the Russian Soviet Federative Socialist Republic became the largest and leading constituent of the Union of Soviet Socialist Republics, the world's first constitutionally socialist state. The Soviet Union played a decisive role in the Allied victory in World War II, and emerged as a recognized superpower and rival to the United States during the Cold War. The Soviet era saw some of the most significant technological achievements of the 20th century, including the world's first human-made satellite and the launching of the first humans in space. By the end of 1990, the Soviet Union had the world's second largest economy, largest standing military in the world and the largest stockpile of weapons of mass destruction. Following the dissolution of the Soviet Union in 1991, twelve independent republics emerged from the USSR: Russia, Ukraine, Belarus, Kazakhstan, Uzbekistan, Armenia, Azerbaijan, Georgia, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan and the Baltic states regained independence: Estonia, Latvia, Lithuania; the Russian SFSR reconstituted itself as the Russian Federation and is recognized as the continuing legal personality and a successor of the Soviet Union. It is governed as a federal semi-presidential republic. The Russian economy ranks as the twelfth largest by nominal GDP and sixth largest by purchasing power parity in 2015. Russia's extensive mineral and energy resources are the largest such reserves in the world, making it one of the leading producers of oil and natural gas globally. The country is one of the five recognized nuclear weapons states and possesses the largest stockpile of weapons of mass destruction. Russia is a great power as well as a regional power and has been characterised as a potential superpower. It is a permanent member of the United Nations Security Council and an active global partner of ASEAN, as well as a member of the G20, the Shanghai Cooperation Organisation (SCO), the Council of Europe, the Asia-Pacific Economic Cooperation (APEC), the Organization for Security and Co-operation in Europe (OSCE), and the World Trade Organization (WTO), as well as being the leading member of the Commonwealth of Independent States (CIS), the Collective Security Treaty Organization (CSTO) and one of the five members of the Eurasian Economic Union (EEU), along with Armenia, Belarus, Kazakhstan and Kyrgyzstan.

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SAGE Publications

SAGE Publishing is an independent publishing company founded in 1965 in New York by Sara Miller McCune and now based in California.

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Scholasticism

Scholasticism is a method of critical thought which dominated teaching by the academics ("scholastics", or "schoolmen") of medieval universities in Europe from about 1100 to 1700, and a program of employing that method in articulating and defending dogma in an increasingly pluralistic context.

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Social class

A social class is a set of subjectively defined concepts in the social sciences and political theory centered on models of social stratification in which people are grouped into a set of hierarchical social categories, the most common being the upper, middle and lower classes.

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Spain

Spain (España), officially the Kingdom of Spain (Reino de España), is a sovereign state mostly located on the Iberian Peninsula in Europe.

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Spanish Empire

The Spanish Empire (Imperio Español; Imperium Hispanicum), historically known as the Hispanic Monarchy (Monarquía Hispánica) and as the Catholic Monarchy (Monarquía Católica) was one of the largest empires in history.

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Staple right

The staple right, also translated stacking right or storage right, both from the Dutch stapelrecht, was a medieval right accorded to certain ports, the staple ports.

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Statism

In political science, statism is the belief that the state should control either economic or social policy, or both, to some degree.

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Stimulus (economics)

In economics, stimulus refers to attempts to use monetary or fiscal policy (or stabilization policy in general) to stimulate the economy.

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Subsistence economy

A subsistence economy is a non-monetary economy which relies on natural resources to provide for basic needs, through hunting, gathering, and subsistence agriculture.

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Tariff

A tariff is a tax on imports or exports between sovereign states.

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The Fens

The Fens, also known as the, are a coastal plain in eastern England.

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The General Theory of Employment, Interest and Money

The General Theory of Employment, Interest and Money of 1936 is the last and most important book by the English economist John Maynard Keynes.

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The Wealth of Nations

An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith.

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Thirty Years' War

The Thirty Years' War was a war fought primarily in Central Europe between 1618 and 1648.

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Thomas Hobbes

Thomas Hobbes (5 April 1588 – 4 December 1679), in some older texts Thomas Hobbes of Malmesbury, was an English philosopher who is considered one of the founders of modern political philosophy.

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Thomas Mun

Sir Thomas Mun (17 June 157121 July 1641) was an English writer on economics and is often referred to as the last of the early mercantilists.

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Thomas Smith (diplomat)

Sir Thomas Smith (23 December 1513 – 12 August 1577) was an English scholar, parliamentarian and diplomat.

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Tudor period

The Tudor period is the period between 1485 and 1603 in England and Wales and includes the Elizabethan period during the reign of Elizabeth I until 1603.

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Two Treatises of Government

Two Treatises of Government (or Two Treatises of Government: In the Former, The False Principles, and Foundation of Sir Robert Filmer, and His Followers, Are Detected and Overthrown. The Latter Is an Essay Concerning The True Original, Extent, and End of Civil Government) is a work of political philosophy published anonymously in 1689 by John Locke.

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Venice

Venice (Venezia,; Venesia) is a city in northeastern Italy and the capital of the Veneto region.

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Victor de Riqueti, marquis de Mirabeau

Victor de Riqueti, Marquis de Mirabeau (5 October 1715, Pertuis – 13 July 1789, Argenteuil) was a French economist of the Physiocratic school.

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Walter Rodney

Walter Anthony Rodney (23 March 1942 – 13 June 1980) was a prominent Guyanese historian, political activist and academic.

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Wiley-Blackwell

Wiley-Blackwell is the international scientific, technical, medical, and scholarly publishing business of John Wiley & Sons.

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World Trade Organization

The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade.

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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Zero-sum game

In game theory and economic theory, a zero-sum game is a mathematical representation of a situation in which each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants.

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Redirects here:

Benign mercantilism, Malevolent mercantilism, Mechantilism, Mercantalism, Mercantile System, Mercantile school, Mercantile system, Mercantilist, Mercantilists, Merchant capitalists, Merchantilism, Narco-mercantilism, Proto-capitalism, Protocapitalism, Reverse-Mercantilism, Reverse-mercantilism.

References

[1] https://en.wikipedia.org/wiki/Mercantilism

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