Britannica AI Icon

cameralism

European economic policy

Quick Summary

Cameralism was an economic policy practiced in continental Europe during the 17th and 18th centuries. It was a form of mercantilism, an economic theory focused on augmenting state power by regulating the economy to ensure exports exceeded imports, thereby accumulating wealth in gold and silver. Cameralists were public administrators who advocated for economic policies that strengthened rulers' positions. This system viewed wealth as finite and trade as a zero-sum game, where one nation's gain was another's loss. Colonies were seen as resources for the mother country, expected to supply raw materials and purchase finished goods, often leading to monopolies and trade restrictions. This approach contributed to economic rivalries and, in some cases, military conflicts and colonial discontent.1234

Summary created from Britannica articles using AI. AI can make mistakes, so verify using Britannica articles.

Ask Britannica AI about this topic

Britannica doesn't have a full article on this topic, so we've curated a list of our relevant coverage.