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Mercantilist Economic Policy Model

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Physiocrats sects arose as a critique of economic thought Merchantilist. Mercantilists argued that wealth could be beneficial for the country to be strong and prosperous country should be rich, have a lot to have a lot of precious metal. Praklasik sect that is the Merchantilist pioneered by Thomas Mun (1571-1641), Jean Baptiste Colbert (1619-1683). A mercantilist economic policy model with the dominant government intervention, protectionism and colonial politics, aimed at foreign trade balance. Pioneering mercantilist stressed the importance of state power and conquest abroad as the main policies of the economic policy. If a country does not have a supply of the raw material they need to get the colony as a provider of the shortage. Further colonies not only as a provider of raw materials for a country but also as a market for finished goods.
In contrast to the mercantilism, the Physiocrats assume that the source of wealth as real-fact is a natural resource. During the enlightment, French Physiocrats was first pioneered the economic theory stands. Character is Francois Quesnay (1694-1774), a diagram creation is the famous Table Economique.
- These people called the physiocratism = physics (natural) and cratain or cratos (power). The Physiocrats believed that …show more content…

The Physiocrats also criticized the mercantilist regulation that creates a wide range of trade policies that should be exempted from control. The mercantilists widely blamed for high prices and high taxes. Why this idea is considered "Mahzab / flow", because pda this time Quenay has compiled thought tentng more advanced economies, with the form of pol and the line of thinking has been composed in the development of a basic framework specific analysis of the symptoms, events and economic problems that faced by the

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