Does Anybody Understand This Stuff?: Part 5, Mercantilism and The Physiocrats – A Thumbnail Sketch of 4,000 Years of Economics
Read Part One Here Read Part Two Here Read Part Three Here Read Part Four Here Read Part Six Here Mercantilism and the Physiocrats (1500-1800AD) Mercantilism A later development of the feudal system, mercantile economics' primary goal was to develop national and oligarchical wealth through policies that favored minimal imports and maximum exports. This system dominated Western European...