Quotes About Mercantilism

goods—sugar, tobacco, rice, and indigo, a purple dye—to sell in Europe.

Throughout the 19th century, Britain bought cheaply from the countries of the empire and compelled subject countries to buy our goods at high prices.

In the last quarter of the eighteenth century bourgeois Europe needed to emancipate itself from that combination of feudalism and commercial capitalism which we know as mercantilism.

Libertarianism, the political philosophy of rugged individualism, ought to hold a natural appeal to tolerant, anti-statist, free-trade conservatives who deplore the turn taken by the party of Abraham Lincoln toward racial prejudice, authoritarianism, and mercantilism.

Too many countries that do not play by the free trade rules of the World Trade Organization - including, notably mercantilist China and monopolist Saudi Arabia - have been allowed in, to the detriment of both the WTO and the liberal trading environment it is supposed to sponsor.

Mercantilism was an insidious economic theory that held Europe in its thrall in the 16th, 17th and 18th centuries.

'The General Theory' was not truly revolutionary at all but merely old and oft-refuted mercantilist and inflationist fallacies dressed up in shiny new garb, replete with newly constructed and largely incomprehensible jargon.

One of the greatest defects of the economies run by political authorities, whether under medieval mercantilism or modern communism, is that the vision and insight that emerges among the population does not carry enough weight to force the authorities to change the the way they do things.

Uno de los mayores defectos de las economías manejadas por autoridades políticas, ya sea bajo el mercantilismo medieval o el comunismo moderno, es que la visión y perspicacia que surge entre la población no tienen el suficiente peso como para forzar a las autoridades a cambiar la manera en que hacen las cosas.

rather than establishing their own foreign trading empires.

Commercial shackles are generally unjust, oppressive, and impolitic.

No individual and no nation need fear at any time to have less money than it needs. Government measures designed to regulate the international movement of money in order to ensure that the community shall have the amount it needs, are just as unnecessary and inappropriate as, say, intervention to ensure a sufficiency or corn or iron or the like. This argument dealt the Mercantilist Theory its death-blow.

Nevertheless statesmen are still greatly exercised by the problem of the international distribution of money. For hundreds of years, the Midas Theory, systematized by Mercantilism, has been the rule followed by governments in taking measures of commercial policy. In spite of Hume, Smith, and Ricardo, it still dominates men's minds more than would be expected. Phoenix-like, it rises again and again from its own ashes.