ECO 3132 Lecture Notes - Lecture 6: Mercantilism, Intelius, Fiscal Policy

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Laboureurs (producer of the fruits of the earth) les marchands ( producers of goods from industry: the natural economic order he says depends on commodity exchange. In a natural exchange there is a confluence between private interest and the public interest. The common good will be achie(cid:448)ed (cid:449)ith laisser faire . Concepts of wealth and income in boisguilbert: he was opposed to chryshedonism. For him wealth is not merely gold and silver. But the enjoyment of all that can give pleasure. Wealth is found in the interior and not on the exterior of ones national boundaries: three categories of needs. Richesse necessaires: goods of basic needs of life. The direcet fruit of the earth: richesses commodes and superflus: these goods satisfy the next or higer levels of needs they are only indirectly the fruits of the earth after the application of human labour.