Economics Dictionary of ArgumentsHome
| |||
|
| |||
| Mercantilism: Mercantilism is an economic policy that promotes government regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. It encourages the accumulation of gold and silver and relies on the export of goods to achieve a favorable balance of trade, which was thought to stimulate economic growth. See also Economic growth._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Concept | Summary/Quotes | Sources |
|---|---|---|---|
|
James Steuart on Mercantilism - Dictionary of Arguments
Mause I 38 Mercantilism/Steuart: Mercantilism was empirically and practically oriented, saw secular prosperity as the main goal of economic activity and was mainly shaped by merchants and financiers. The most important contributions include "England's Treasure by Forraign Trade" by Thomas Mun (1571-1641), "Essai sur la Nature du Commerce en général" by Richard Cantillon (1680-1734) and "An Inquiry Into the Principles of Political Economy" by James Steuart (1712-1780).(1)(2)(3) The mercantilists were mainly interested in increasing the wealth and power of their countries. The former was the interim goal; the main goal was power and influence - the economy was at the service of politics. Economic growth: should be stimulated by increasing domestic money supply. Means for this were government interventions to increase exports and reduce imports. >Economic growth, >Trade, >International relations. 1. Th. Mun, England’s treasure by forraign trade. London, 1664 2. Cantillon, Richard, Essai sur la Nature du Commerce en général. London, 1755 3. Steuart, James, An inquiry into the principles of political oeconomy, London 1767_____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconSteu I James Steuart An niquiry into the principles of political oeconomy Vol I + II London 1767 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
||
> Counter arguments against Steuart
> Counter arguments in relation to Mercantilism
