By the seventeenth century the new bourgeoisies held purely mercantilist ideology

Evidence

It is still debatable whether this was a result of what Adam Smith and Eli Heckscher after him termed the “system” of mercantilism, or the consequence of what other historians describe as the ideology of statism. Nevertheless, it is clear that by the seventeenth century, the new bourgeoisies were identified with political attitudes and a trend in economic thought that was pure mercantilism: [I]mplicit in the “tragedy of mercantilism” was the belief that what was one man’s or country’s gain was another’s loss… — Cedric J. Robinson, Black Marxism_ The Making of the Black…, 180

Categorization

Category: Factual Claims

Related

• Mercantilism assumed a zero-sum static world unlike modern growth economics. (similarity 0.81)
• Pre-romantic mercantilist thought fixated on the state, not the nation (similarity 0.80)
• Sixteenth-century bourgeois statism often ran against, not with, nationalist sentiment. (similarity 0.79)
• Sixteenth-century bourgeoisies were not lineal descendants of medieval ones (similarity 0.79)