15min chapter

In Our Time cover image

Mercantilism

In Our Time

CHAPTER

The Evolution of Economic Thought: From Mercantilism to Modernity

This chapter examines the historical context and transformation of Cameralism, shedding light on mercantilism's decline and the rise of free trade ideologies. It contrasts early economic theories with modern complexities, highlighting key figures like Adam Smith and the implications of the Atlantic Revolutions. The discussion ultimately questions the remnants of mercantilism in today’s economic practices, especially in relation to globalization and multinational companies.

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