Mercantilism
Mercantilism - a system of views of economists XV-XVII centuries, focused on active state intervention in economic activities. Representatives directions: Thomas Man, Antoine de Montchretien, William Stafford. The term was proposed by Adam Smith, criticized the works mercantilist. Points:
1.The need to maintain trade surpluses of the state (excess of exports over imports);
2.Recognition of the benefit of bringing into the country of gold and other precious metals to increase its welfare;
3.Money - the incentive of trade, because it is considered that the increased volume of money increases the mass of commodities;
4.Welcome protectionism, aimed at the importation of raw materials and semi-finished products and export of finished products;
5.Restriction on the export of luxury goods, because it leads to the leakage of gold from the state.