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6599166
Mercantilist
Descrição
this is an example on how you can use mind map to summarize a topic
Sem etiquetas
mercantilist
history of economics thought
example
economics
bachelor
Mapa Mental por
Yasmin Bani
, atualizado more than 1 year ago
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Criado por
Yasmin Bani
aproximadamente 8 anos atrás
935
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Resumo de Recurso
Mercantilist
Brief History
signifies merchant or trade
dominant school of economics
encouraged European wars,fueled European imperialisme
did not believe there were mutual gains from trade
Accumulated wealth only from gold and silver
Major Tenets
Bullionism
Nationalism
Restrict import, focus export
colonization
oppose restriction on movement of goods
Strong government
Large population
Famous Scholars
Thomas Mun
Gerard Malynes
Charles Davennant
Jean Colbert
Sir William Petty
Developed efficient methods to survey the land that was to be confiscated and given to Cromwell's soldiers.
favored freer foreign trade
create a favorable balance of trade and increase France's colonial holdings
believed that the strength of a state depends on its finances
kingdom can reap the benefit of the entire value of an exported product if it is made from domestic
advanced the Idea that regulation of goods by government was necessary to ensure high-quality exports
A Discourse of Trade from England unto the East Indies
Criticism
Failed to understand the notions of comparative advantage and the benefits of trade.
Impossibility of the constant positive balance of trade.
a form of rent seeking
bullion was just the same as any other commodity,
Anexos de mídia
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1da73fe7-52de-49b8-8e64-16ea8b10ef51 (image/jpg)
2859f067-836c-4c20-9b6b-39f29b424d67 (image/jpg)
682f9ffe-5603-4fbc-8af2-6eddd81cb410 (image/jpg)
516916d9-b07d-4939-b09e-af7b4abb00c3 (image/jpg)
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