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Mercantilist Theory

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... to lead to capital accumulation. In a modern mercantilist's point of view, this is as good as accumulating gold and Mercantilists The mercantilists, who gained fame in past centuries, believed that the nation is an individual merchant and its wealth mercantilist morals. Reference: Bulgakov, Mikhail The Master and Margarita Penguin Classics 2001 Hume was against the mercantilist theory because of its fear that national wealth is hurt when foreign neighbors others. Renowned philosopher David Hume's Political Discourses essays presented an argument against the mercantilist theory, ...



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Sources list for MERCANTILIST THEORY:

Lujacks Rickard "Mercantilists as a Rent-Seeking Society (1982) Quorum Books
Marxism and Mercantilism

 

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