Tag: economics

Mercantilist Theory

September 27, 2024

Asher K. Sisneros Thomas E. Woods, Jr. Western Civilization Since 1493 September 27, 2024 Mercantilist theory was born during the 16th century, and it came to dominate global trade policy in Europe by the 17th century. Colbert’s policies under King Louis XIV propelled Mercantilism to its highest point in French history. Similarly, the Navigation Acts … More Mercantilist Theory

Why the West Experienced Prolonged Economic Growth

March 4, 2024

The West gained an economic advantage over the rest of the world during the High Middle Ages. Somehow, the political and business environment helped to propagate a successful economy. It resulted in prolonged economic growth in the West, an advantage they held for centuries. But how? The answer is competition. Competition between towns resulted in … More Why the West Experienced Prolonged Economic Growth