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Mercantilism - The Shaping of an Economic Language (Paperback)
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Mercantilism - The Shaping of an Economic Language (Paperback)
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Ever since the Physiocrats and Adam Smith, mercantilism or 'the
mercantile system' have been described as the opposite of classical
political economy. This view is very much brought into question by
the current book. It argues that the sharp distinction between
mercantilism and 19th century laissez-faire economics has obscured
the meaning, content and contribution of the former.
This book presents a full-scale account of the development of
mercantilism as a trend of economic thought during the 17th and
18th centuries. Instead of accepting existing interpretations, it
begins with the most fundamental questions: What was mercantilism?
Did it have a central message? Was it really a coherent school of
thought?
A central theme of the book is its critique of narrow definitions
of its subject. Mercantilism must be understood as a series of
written texts appearing in a particular political and economic
context, rather than as an all-embracing system of economic
thought. Within this context a language and vocabulary of economics
was developed that was an essential precondition for the subsequent
growth of economic thought and knowledge. In this sense
mercantilism was much more modern than has been previously
appreciated.
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