The Wealth of Nations

Essay specific features

 

Issue:

Business

 

Written by:

Thomas Q

 

Date added:

November 7, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

5 / 1286

 

Was viewed:

2019 times

 

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Essay content:

In Paris he met amongst others, the "Physiocrat" economic theorist (and court Physician) Quesnay and the French Ministers, Turgot and Necker. The French economic policy, during these times were conducted in accordance with the "Mercantilism"(the theory and system of political economy prevailing in Europe after the decline of feudalism, based on national policies of accumulating bullion, establishing colonies and a merchant marine, and developing industry and mining to attain a favorable balance of trade) that had held sway in the economic thinking of Europe for some three centuries...
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Mercantilism expected that governmental control would be exercised over industry and trade in accordance with the theory that national strength (i.e. the Royal states treasury) is increased by a preponderance of exports over imports. By nature, back then France was fitted to be a great agricultural country, a great producer and exporter of corn and wine; but French legislators for several generations had wanted to counteract the apparently natural bias of French economic life towards agriculture, and had tried to make France an exporter of manufactured goods...
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