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Change came in the 1990s because the foundation that supported the concept of embedded mercantilism came apart.
Whatever historians say about mercantilism, economists and other social scientists simply use it today as a shorthand for protection and other sorts of state intervention.
But if mercantilism is interpreted in terms of links with merchant capitalism this view becomes untenable.
The use of the concept of mercantilism provides a specific example of one of those problems made manifest.
Mercantilism and cameralism promoted the view that the wealth of a ruler and his people depended on the amount of cash flow and metals.
Unfortunately, because of their common starting point and the confusion which it generated about the very nature of mercantilism, the results sometimes merely make confusion worse confounded.
He did not adopt a stage-theory of economic growth; he saw mercantilism simply as a system of thought and policy which aimed to achieve certain ends.
There is a danger of the world relapsing into a form of latter-day mercantilism.
Quite apart from the safety clauses, they are thinking in terms of 18th and early 19th century mercantilism.
I think that he is mixing up 20th century capitalism with 17th century mercantilism.
Both currency and tariff restrictions result from the same economic mercantilism, the absurd theory that exports are good and imports are bad.
I suggest that, in fact, we are having a return to mercantilism.
We have gone back to the old worn-out theory of mercantilism.
I believe it is rational not to surrender to mercantilism the areas where market logic does not operate.
It is a one-way mercantilism.