It is a throwback to earlier days of colonialism and mercantilism and it is laden with historical memories and sensitivities.
In the West of Europe mercantilism answered in an equal measure the needs of an expanding state and of a vigorous middle class, the latter being no less ardent in the pursuit of gain than the former in the pursuit of conquest.
But in the eighteenth century, Francois Quesnay, a bourgeois physician at the court of Louis XV, announced to his friends that mercantilism was all wrong.
The most readable and reliable detailed account of mercantilism as applied by the British to their colonies is to be found in the volumes of G.
During this time the older mercantilismpasses into protectionism; and this, again, gives way before the gradual adoption of the free trade policy.
This is not the place to discuss the meaning of Mercantilism or the truth of Bacon's[329] epigram that Henry VII.
If they are to be called mercantilists, in England, at any rate, they wear their mercantilism with a difference; as a vague habit of mind, not as a reasoned system of economic doctrines.
English analysis of social process had in this sense always been "individualistic," and in this sense both mercantilism and the widely-prevalent theological utilitarianism were at least as individualistic as later laissez-faire economics.
There is nothing of such doctrine in Mandeville; there is abundant evidence in his writings that Mandeville was a convinced adherent of the prevailing mercantilism of his time.
Englishmen, moreover, had long been jealous of governmental power, and at the height of English mercantilism they insisted upon limits to appropriate governmental intervention.
Vigorous protests against mercantilism had appeared long before,(24) and the true functions of money had come to be rightly understood.
Even as the regulative spirit characteristic of the urban economy followed upon the freedom of the twelfth century, so mercantilism imposed itself upon commerce and industry in the seventeenth and eighteenth centuries.
Merchants accustomed to the routine of mercantilism and to state protection are pushed aside.
Mercantilism was still in the ascendant when Adam Smith came to write.
The mercantilism against which the work of Adam Smith was so magistral a protest was already rather a matter of external than internal commerce when he wrote.
After the Civil War in England, the importance of the colonies seemed more apparent, competition in setting up and controlling colonial empires was greater and mercantilismbecame the key theory accepted by the leading countries of Europe.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "mercantilism" in a variety of sentences. We hope that you will now be able to make sentences using this word.
