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What is Origins of Economics: Mercantilism & Physiocracy about?

This lecture introduces the origins of economics from the Middle Ages through the 17th century, including the schools of thought of Mercantilism and Physiocracy. Mercantilism emphasized accumulating gold and silver, exports, and national power through economic policy. Key Mercantilist thinkers included Josiah Child, Jean-Baptiste Colbert, Bernard Mandeville, and David Hume. Physiocracy emerged in reaction to Mercantilism and advocated laissez-faire policies, as demonstrated in Francois Quesnay

Author

fatima

Language

EN