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Mercantilism And Its Role In Formation And Development Of The Modern Capitalist Economy And The World Market

Author

Listed:
  • Ion Gr. Ionescu

    (Ph.D. Associate Professor, "Tomis" University, Faculty of Economic and Administrative Studies, City of, Constanta)

  • Olivia Samoila

    (Student, Theoretic High School, City of Murfatlar)

Abstract

The universe has always been in a continuous dynamic and it was the ideas that represented the germs that produced, over time, changes from the most varied, from the simple to the structural, with extremely valuable consequences for populations, peoples and nations. Therefore, we dare say that economic thinking is the forerunner and locomotive that generated transformations, truly revolutionary, hard to anticipate, in the early years of capitalism, with really serious and profound movements. Mercantilism was an easy-to-understand economic theory that allowed intuition and imagination to heat the minds of those with an entrepreneurial spirit, but not without the knowledge of the monarchs of the time who not only proved interested in the new current of thought, also sponsored its implementation

Suggested Citation

  • Ion Gr. Ionescu & Olivia Samoila, 2020. "Mercantilism And Its Role In Formation And Development Of The Modern Capitalist Economy And The World Market," Management Strategies Journal, Constantin Brancoveanu University, vol. 50(4), pages 45-49.
    • Handle: RePEc:brc:journl:v:50:y:2020:i:4:p:45-49
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    More about this item

    Keywords

    mercantilism; current of thought; economic program; trad; gold; silver;
    All these keywords.

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)

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