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The Birth Of The Political Economy Or The Economy In The Heart Of Politics: Mercantilism

Author

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  • Jacques Fontanel
  • Jean-Paul Hebert
  • Ivan Samson

Abstract

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.

Suggested Citation

  • Jacques Fontanel & Jean-Paul Hebert & Ivan Samson, 2008. "The Birth Of The Political Economy Or The Economy In The Heart Of Politics: Mercantilism," Defence and Peace Economics, Taylor & Francis Journals, vol. 19(5), pages 331-338.
    • Handle: RePEc:taf:defpea:v:19:y:2008:i:5:p:331-338
    DOI: 10.1080/10242690802354279
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