Although I don't know much about this Adam Smith character yet, I think that mercantilism was a brilliant factor in improving economies during the 16th century. As Benny said in an earlier post, the 21st century is all about less government involvement in economic affairs. This is mainly due to what has happened as a result of too much government involvement during the last century. Government involvement is not a bad thing at all, if it is at the right place and time, although economists and Adam Smith would tear me apart for saying so. When a government is discreet about it, why shouldn't they help protect their country's economy. Mercantilism advanced international trade astronomically.
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