Lecture Notes on Mercantilism, Colbert, and the Commons

Vocabulary flashcards covering key concepts from the notes.

Colbert

Jean-Baptiste Colbert, 17th‑century French finance minister who promoted mercantilist policies to strengthen France's economy and state power.

Mercantilism

Economic theory that national wealth is increased by government regulation of trade and production to achieve a favorable balance of trade and bullion.

Luxury goods promotion

State-supported effort to cultivate a reputation for French luxury items (mirrors, paintings, clothing) to boost prestige and economic power.

Luxury standardization

Establishing standards to ensure French goods are perceived as luxurious, influencing international markets.

Free market model

An economic system with market-determined prices and limited government interference, contrasted with mercantilist policy.

Church–state alliance

A political arrangement in which religious institutions are tied to or controlled by the state.

Protestant plurality

In Protestant countries, the existence of multiple Protestant denominations or versions of Protestantism.

Commons (common stock of property)

Resources or property considered owned by humanity as a whole, from which individuals take what they need.

Needs-based allocation from the commons

The idea that individuals may draw what they need from the commons and, once basic needs are met, are not in extreme need.