| Many mercantilists also realized that the inevitable results of quotas and price ceilings were black markets. |
| The mercantilists saw a large population as a form of wealth that made possible the development of bigger markets and armies. |
| American mercantilists who want a devalued dollar might take note. |
| They begin with early mercantilists as a lead up to Adam Smith, where they place the genesis of economic thought. |
| The capacity for countries to apply anti-dumping and countervailing duties to injurious imports owes nothing to Ricardo and everything to the mercantilists. |
| It was the mercantilists who bridged the gap and, later on, Adam Smith built the whole edifice of economics. |
