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The Enlightenment

The Enlightenment. The Enlightenment. Economic Theories Against : Merchantilism ( Ancien Régim ) A nation benefits by accumulating monetary reserves, especially of  finished goods , gold and silver. The Enlightenment. Economic Theories Defend 2 different economic theories :

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The Enlightenment

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  1. The Enlightenment

  2. The Enlightenment Economic Theories Against: Merchantilism(AncienRégim) A nation benefits by accumulating monetary reserves, especially of finished goods, gold and silver.

  3. The Enlightenment Economic Theories • Defend2 differenteconomictheories: • Physiocracy • The wealth of nations is derived solely from the value of "land agriculture“. • Author: F. Quesnay (1694–1774). • EconomicLiberalism • Private property and individual contracts form the basis of classical economic liberalism. • Economic Liberalism is based on the assumption that the economic actions of individuals are largely based on self-interest and that allowing them to act without any restrictions will produce the best results for everyone, provided that at least minimum standards of public information and justice exist: no one should be allowed to coerce, steal, or commit fraud, and there is freedom of speech and press. • Author: A. Smith.

  4. The Enlightenment “When the legislative and executive powers are united in the same person, or in the same body of magistrates, there can be no liberty; because apprehensions may arise, lest the same monarch or senate should enact tyrannical laws, to execute them in a tyrannical manner. […] There would be an end of every thing were the same man, or the same body, whether of the nobles or of the people to exercise those three powers that of enacting laws, that of executing the public resolutions, and that of judging the crimes or differences of individuals.” MONTESQUIEU, The Spirit of the Laws, 1748. Lest: “for fear that” or “in case that”

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