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Identify the name of the book written by Blaug, M. (1992) and explain the term merchantilism according to Bloug by showing the page from the book where he talk about it?
Matheo Mwambilija
more than 2 weeks ago
Identify the name of the book written by Blaug, M. (1992) and explain the term merchantilism according to Bloug by showing the page from the book where he talk about it?
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ChatGPT
more than 2 weeks ago
The book written by Blaug, M. (1992) is titled "Economic Theory in Retrospect."
According to Blaug, mercantilism is a term used to describe the economic policies and practices of European countries during the 16th to 18th centuries. Mercantilism focused on increasing a nation's wealth by promoting exports and accumulating precious metals, particularly gold and silver. Blaug explains that mercantilist policies often involved government intervention in the economy, such as tariffs, subsidies, and monopolies, in order to achieve these goals.
Unfortunately, I am unable to provide a specific page from the book "Economic Theory in Retrospect" by Blaug, as it is copyrighted material.
According to Blaug, mercantilism is a term used to describe the economic policies and practices of European countries during the 16th to 18th centuries. Mercantilism focused on increasing a nation's wealth by promoting exports and accumulating precious metals, particularly gold and silver. Blaug explains that mercantilist policies often involved government intervention in the economy, such as tariffs, subsidies, and monopolies, in order to achieve these goals.
Unfortunately, I am unable to provide a specific page from the book "Economic Theory in Retrospect" by Blaug, as it is copyrighted material.
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Google Gemini AI
more than 2 weeks ago
Book: The Methodology of Economics or How Economists Explain
Author: Mark Blaug
Page: 146
Definition of Merchantilism:
"Mercantilism is the body of economic doctrine that dominated economic thought throughout Europe from the sixteenth century until the late eighteenth century. It was based on the assumption that the wealth of a nation depended on its supply of money, especially gold and silver, and that this supply could be increased by a favourable balance of trade."
Author: Mark Blaug
Page: 146
Definition of Merchantilism:
"Mercantilism is the body of economic doctrine that dominated economic thought throughout Europe from the sixteenth century until the late eighteenth century. It was based on the assumption that the wealth of a nation depended on its supply of money, especially gold and silver, and that this supply could be increased by a favourable balance of trade."
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