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Mercantilism

An economic current that emerged in the 15th-16th centuries and formed through the “first theoretical treatment” of the modern capitalist mode of production and took the late commercial capital of feudal society as its object of inquiry. The representative figures and ideas of mercantilism were mainly Montchrestien and Colbert of France and Thomas Mun of Britain. Among them, Montchrestien’s Traicté de l’oeconomie politique dédié en 1615 au roy et à la reine mère du roy was the first to use the term “political economy” in any literature found to date…

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