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Home | Library | Mercantilism as the Economic Aspect of Absolutism

Mercantilism as the Economic Aspect of Absolutism

  • Audio Mises Daily
May 6, 2010

Tags Big GovernmentTaxes and SpendingWorld HistoryInterventionism

As the economic aspect of state absolutism, mercantilism was of necessity a system of state-building, of big government, of heavy royal expenditure, of high taxes, of (especially after the late 17th century) inflation and deficit finance, of war, imperialism, and the aggrandizing of the nation-state, writes Murray N. Rothbard (1926–1995).

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