POLI 441 Lecture Notes - Lecture 1: Samuel Von Pufendorf, Hugo Grotius, Mercantilism
10 Feb 2015
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The result [of such a division], then, is that more things are produced, and better and more easily when one man performs one task according to his nature, at the right moment, and at leisure from other occupations. Two decades later, xenefon links division of labour to size of the market. Later, turns into natural right of all nations to regulate their own trade (pufendorf) If [we exchange] amongst ourselves, the commonwealth cannot be enriched thereby. And if we exchange with strangers, then our profit is the gain of the commonwealth. (mun, 1621) [trade is] the only mean to enrich this kingdom. (coke 1670) The perceived role of merchants, and popular views on their subject, evolved accordingly. Merchants and tradesmen are considered for the first time as beneficial to social welfare, rather than a rising class threatening established order.
