Mercantilism (16th-18th centuries) is a set of precepts concerning economic policy. It places the State at the heart of national economic development. Wealth is conceived as serving power. Mercantilists share a static conception of international economic relations, considering that one country can only enrich itself to the detriment of another. It is a true theory of economic war. However, the development of mercantilism shows a progressive transition of economic thought towards a lower consideration of political aspects.
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