(a) Discuss the main features and policies associated with mercantilism. (b) Why did the mercantilists focus on exchange as the source of wealth? (c) What was the role of the government under mercantilism? (d) What was Thomas Mun’s major contribution to mercantilist ideas? (e) Discuss the ideas and contributions of Sir William Petty. (f) Discuss the ideas and contributions of Bernard Mandeville. (g) Discuss the ideas and contributions of Richard Cantillon

(a) Discuss the main features and policies associated with mercantilism. (b) Why did the mercantilists focus on exchange as the source of wealth? (c) What was the role of the government under mercantilism? (d) What was Thomas Mun’s major contribution to mercantilist ideas? (e) Discuss the ideas and contributions of Sir William Petty. (f) Discuss the ideas and contributions of Bernard Mandeville. (g) Discuss the ideas and contributions of Richard Cantillon

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter1: Ten Principles Of Economics

Section: Chapter Questions

Problem 5PA

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2. (a) Discuss the main features and policies associated with mercantilism.(b) Why did the mercantilists focus on exchange as the source of wealth?(c) What was the role of the government under mercantilism?(d) What was Thomas Mun’s major contribution to mercantilist ideas?(e) Discuss the ideas and contributions of Sir William Petty.(f) Discuss the ideas and contributions of Bernard Mandeville.(g) Discuss the ideas and contributions of Richard Cantillon (only parts d-g)
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