What Is Mercantilism   Leave a comment

In researching for my fantasy series Daermad Cycle, I concentrated on medieval Europe as a model for my society. Why reinvent the wheel, right? I adjusted my society to reflect changes you might expect over a millennia.

Image result for image of mercantilism

I needed to acknowledge the changes that happened in European society after my Celdryans left because my people didn’t experience the same events as Europeans did.

My folks missed mercantilism, for example.

What was Mercantilism?

It was a system of economic planning and invention that could be grouped under five broad headings.

Mercantilism was a system of political unification.

“It’s first object was to make the state’s purposes decisive in a uniform economic sphere and to make all economic activity subservient to considerations corresponding to the requirements of the state and to the state’s domain regarding as uniform in nature.” Eli Heckscher, Mercantilism (1935)

Mercantilism was a system of power.

“The object of mercantilism in using economic forces in the interests of the state … [was] to strengthen the state authority itself; it concentrated on … the state’s external power, in relation to other states.” Eli Heckscher, Mercantilism (1935)

Mercantilism was a system of protection.

“The attitude of mercantilism toward the means of supplying the wants of human beings, i.e., towards commodities, was the theory of the danger from which economic policy was chiefly to protect a country lay in having too many goods [imported from other countries].” Heckscher

Mercantilism was a monetary system.

“The connection between money and goods in the mercantilist conception of economics was represented in teh balance of trade theory …. Ideas on the balance of trade and the significance of money undoubtedly occupy a central position in mercantilism.” Heckscher

Mercantilism was a conception of society.

“Mercantilism revealed a fairly uniform conception of general social phenomena in the fields of economics, and this, too, reacted in many ways on the nature of economic policy [as a conception of society in which all interests were to be made obedient to the monarch captured in the famous phrase of the French king, Louis XIV – ‘I am the State’].” Hechscher

Ooo, we just circled back to “divine right of kings.”

 

Posted October 29, 2016 by aurorawatcherak in History

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