2008RePEc: Research Papers in EconomicsRequires access

The birth of the political economy or the economy in the heart of politics

Jacques Fontanel, Jean-Paul Hébert, Ivan Samson

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Abstract

Mercantilism 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 pf another. It is a true theory of economic war. However the development of mercantilism shows a progressive transition of economic towards a lower consideration of political aspects.

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Mercantilism 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 pf another. It is a true theory of economic war. However the development of mercantilism shows a progressive transition of economic towards a lower consideration of political aspects.

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Available abstract

Mercantilism 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 pf another. It is a true theory of economic war. However the development of mercantilism shows a progressive transition of economic towards a lower consideration of political aspects.

Key concepts: Mercantilism, Politics, Economics, State (computer science), Power (physics), Economic system, Economic power, Market economy

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