Search results for keyword: mercantilism
Thinning and deep drawing
The Industrial Revolution Impact of Change
The industrial revolution was a period of time that brought about significant changes to the world. Political, economic, and social advancements changed how people lived, interacted, and thought. As the industrial revolution spread, its impact was both ......
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Isabella
Adam Smith
Adam Smith
Adam Smith was a Scottish social philosopher and political economist in the 18th century, considered to be the father of modern economics. He was born on June 5th, 1723 in Kirkcaldy, Scotland. Smith wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the ......
International Trade Theory
International Trade Theory
International trade is an important factor in the economic growth and development of a nation. It influences the exchange rate and the balance of payments, as well as the employment rate, wages and the volume of output in an economy. Generally, international trade incre......
Lister's Theory of Protection Trade
Adam Smith, the undisputed father of modern economics, seemed to favor the idea of free trade and competition between nations in the economy. By contrast, Richard Cobden and John Bright advocated the idea of protectionism, or placing tariffs on imported goods in order to protect domestic producers......
Adolf Wagner's Tax Thoughts
Adolf Wagners Tax System Thought
Adolf Wagner was one of the most influential economists in Germany during the late 19th and early 20th centuries. He was a founder of the German Historical School and a major supporter of neo-mercantilism. He also developed his own tax system thought, which was de......
Turgot's Tax Thoughts
The taxation philosophy of Adam Smith, often referred to as the father of modern economics, has been a major influence in the field of finance for over two hundred years. His writings and teachings have informed taxpayers, policymakers, and tax practitioners of the importance of fair taxation in o......
william petty tax ideas
William Pit the Taxation Philosophies
Sir William Pit was an English economist, statesman and advocate of taxation philosophies during the mid-seventeenth century. He is best remembered for his innovative proposals on reforming fiscal and fiscal policies and his pioneering work on mercantilism. I......
mercantilism
Introduction
mercantilism is an economic philosophy that has shaped the international economy since the 16th century. It became an important part of the European economy during the 17th and 18th centuries, when many European countries were trying to increase their wealth, power, and influence in ......
Mercantile Tax Thought
Protectionist Taxation
Protectionist taxation is the name for the fiscal policy of using revenue neutral taxes designed to protect domestic industries from direct competition from foreign imports. Such taxes are also known as revenue neutral tariffs and are usually set up to discourage the importa......
Theoretical Economics
Introduction
Economics, as defined in its general sense, is the study of how goods and services are produced and distributed. Consequently, it is typically divided into two sub-disciplines, microeconomics and macroeconomics. Both of these, in turn, are based on the classical economic theory.
The......
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