Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Mercantilism

  • Günther ChaloupekEmail author
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_319

Definition

Mercantilism is a system of economic policy and a corpus of economic doctrines which developed side by side from the sixteenth to the eighteenth century. The main goal was to increase a nation’s wealth and power by imposing government regulation to promote the nation’s commercial interests by maximizing exports and limiting imports.

Mercantilism, Colbertism, Cameralism

Mercantilismis a system of economic policy and a corpus of economic doctrines which developed side by side from the sixteenth to the eighteenth century. As a theory, mercantilism marks the decisive step in the emancipation of thinking about economic phenomena from scholastic theology to political economy and economics as a social science of its own. With respect to economic policy, mercantilism took a variety of different forms according to the different political, economic, and social conditions prevailing in European states during the early modern period. As a consequence, there are national variants of...

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References

  1. Heckscher EF (1935) Mercantilism. Allen & Unwin, LondonGoogle Scholar
  2. Pribram K (1983) A history of economic reasoning. Johns Hopkins University Press, Baltimore/LondonGoogle Scholar
  3. Roll E (1942) A history of economic thought. Prentice-Hall, New YorkCrossRefGoogle Scholar
  4. Schmoller G (1883) Das Merkantilsystem in seiner historischen Bedeutung. In: Jahrbuch für Gesetzgebung, Verwaltung und Volkswirtschaft, vol VIIIGoogle Scholar
  5. Schumpeter JA (1954) History of economic analysis. Allen & Unwin, LondonGoogle Scholar
  6. Sommer L (1920/1925) Die österreichischen Kameralisten in dogmengeschichtlicher Darstellung, Heft XI und XII der Studien zur Sozial-, Wirtschafts- und Verwaltungsgeschichte, Carl Grünberg C (ed), Vienna, reprint Scientia Verlag, Aalen 1967Google Scholar

Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Austrian Chamber of LabourViennaAustria