"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Mercantilism as Monarchy's Planned Economy
Submitted by Westernerd on Thu, 2016-10-27 03:00
In the middle and later decades of the eighteenth century arguments began to be made questioning the Mercantilist conception of society and the economy. Two leading centers for this change in ideas were France and Scotland. These ideas undermined the rationales for government regulation and control of economic activities in society. In its place there arose a conception and vision of a free society based on individual liberty, free trade, and market-based and directed prosperity.
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