... the early Christians believed in Miracles."" In practice, mercantilism worked as follows: You try to export more to your neighbor than he can export to you. Therefore, he will spend more of his gold than you do of yours. Hence you gain and he loses. This became known as the "favorable balance of trade- . This creed led to a state program that (a) was eager for any ... which can create exportable products, (d) encourage a large industrial population above an agricultural one in order to fulfill (c), and (d) allow the state to interfere as it pleases in order to increase the wealth of th...

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