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Poverty and Subsistence. The Mercantilist Point of View

Author

Listed:
  • Cosma Orsi

    (DISCE,Università Cattolica)

Abstract
The aim of this article is to look at ideas of social welfare in the English political economy from the 16th to the early 18th Century. In doing so, we shall focus upon the relationship between English Mercantilist economic thought and the evolution of the institutional framework established in order to cope with the problem of poverty and unemployment. In other words, rather than viewing Mercantilism as an “exercise in economic nationalism” we shall inquiry it under the perspective of social policy. Although the most credited assessments of Mercantilism have depicted it as a doctrine which supported a “ruthlessly materialistic ruling class which did not merely neglect but actively exploited the poor”, by placing the emphasis on the role played by the allowance system in the overall strategy of poor relief in England throughout the 17th Century we shall see that during the Mercantilist period social policies were not neglectful of the need of the poor. This reinforced the idea of a social Mercantilism.

Suggested Citation

  • Cosma Orsi, 2012. "Poverty and Subsistence. The Mercantilist Point of View," DISCE - Quaderni dell'Istituto di Teoria Economica e Metodi Quantitativi itemq1264, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  • Handle: RePEc:ctc:serie6:itemq1264
    as

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    File URL: http://istituti.unicatt.it/teoria_economica_metodi_quantitativi_itemq1264.pdf
    File Function: First version, 2012
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    More about this item

    Keywords

    Mercantilism; Poverty; Unemployment; Allowances System;
    All these keywords.

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)

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