Every Person His Own Economist

Every Person His Own Economist

The age of mercantilism has been characterized as one in which every person was his own economist. Since the various writers between 1500 and 1750 held diverse views, it is difficult to generalize about the resulting literature. Furthermore, each writer tended to concentrate on one topic, and no single writer was able to synthesize these contributions impressively enough to influence the subsequent development of economic theory. Perhaps this was because economics as an intellectual discipline had not yet found a home in the university; rather, it was largely studied by men of affairs who wrote pamphlets about the particular economic problems that concerned them.