What economic problems were the mercantilists interested

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Question 1: What economic problems were the mercantilists interested in solving and for whose benefit? How do those compare with the problems addressed by the Scholastics? Was foreign trade a "win-win" proposition for both nations involved in exchange?

Question 2: Why did the early mercantilists oppose the exporting of gold bullion? What was Mun's argument in favor of it?

Question 3: How did Mandiville's argue that that self love (in the form of greed) is what caused a society to flourish? Can you find a problem with this argument? What was Adam Smith's reaction to Mandiville's ideas?

Question 4: According to Sedlacek, how is Smith's concept of self interest consistent with his previous argument that "sympathy" is the foundation of a moral society

Reference no: EM132671130

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