As his ideological opponent, he created the “system of political economy” that he called mercantile and that was later called mercantilism. He created it for much the same dialectic purpose for which Marx created “capitalism,” as the embodiment of what he opposed. Niehans, J., 1994. A History of Economic Theory: Classic Contributions 1720 - 1980. London: The Johns Hopkins Press. p.70 |
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