6599166
Description
Mind Map by Yasmin Bani, updated more than 1 year ago
|
Created by Yasmin Bani
over 7 years ago
|
|
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
- Accumulated
wealth only from
gold and silver
- did not believe there
were mutual gains from
trade
- encouraged
European
wars,fueled
European
imperialisme
- dominant
school of
economics
- signifies
merchant or
trade
- Major Tenets
- Bullionism
- Nationalism
- Restrict import,
focus export
- colonization
- oppose restriction
on movement of
goods
- Strong
government
- Large
population
- Large
population
- Strong
government
- oppose restriction
on movement of
goods
- colonization
- Restrict import,
focus export
- Nationalism
- Bullionism
- 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
- favored freer
foreign trade
- Developed efficient
methods to survey the
land that was to be
confiscated and given to
Cromwell's soldiers.
- create a favorable balance of
trade and increase France's
colonial holdings
- believed that the
strength of a state
depends on its
finances
- believed that the
strength of a state
depends on its
finances
- Sir William
Petty
- kingdom can reap
the benefit of the
entire value of an
exported product if
it is made from
domestic
- Jean Colbert
- advanced the Idea that
regulation of goods by
government was necessary to
ensure high-quality exports
- Charles
Davennant
- A Discourse of
Trade from England
unto the East
Indies
- Gerard
Malynes
- Thomas
Mun
- 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,
- bullion
was just
the same
as any
other
commodity,
- a form of
rent
seeking
- Impossibility of the
constant positive balance
of trade.
- Failed to understand
the notions of
comparative
advantage and the
benefits of trade.
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