1.  What changing economic and political conditions brought and end to feudalism?

2.  How does the doctrinal approach to studying mercantilism differ from the policy approach?

3.  What type of people were mercantilist writers?  What caused them to write about economics?

4.  Who coined the term "mercantilism"?

5.  What were the major goals of mercantilism?

6.  What were the 9 principles of mercantilism as laid out by Philipp Wilhelm von Hornick 1684?

7.  Did every mercantilist writer proscribe to each of the nine principles?

8.  What was the role of the government under mercantilism?

9.  What did mercantilist writers have to say about poor people?  What does this say about
mercantilist philosophy?

10.  In what way can the system of mercantilism be seen as an object lesson in rent seeking?

11.  What guided local regulation of trades, prices, and wage rates?

12.  Who enforced these local regulations?  What were their incentives?

13.  What led to the collapse of many of these local regulations in England?

14.  What were some examples of national monopolies or regulations put in place under mercantilism?

15.  Why were these monopolies formed?

16.  What led to demise of the King's right to offer monopolies in England?

17.  What happened to King Charles in 1649 after he tried to reestablish his power to offer monopoly rights?

18.  How did Great Britain's mercantilist policies affect its American colonies?

19.  What were the mercantilist's main accomplishments?  What were their biggest faults?

20.  What in late mercantilist writing pointed a way to a new economic order on the horizon?

21.  Was Mandeville an absolutist or a relativist?  How did that affect his economic outlook?

22.  What happened to people when they acquired wealth?

23.  Why did Mandeville push for free trade?