Mercantilist Practices in Europe and a Comparison with Ottoman Economy

Mercantilism thought, emerged in 16th century in Europe, found itself practice field with the rise of nation-state. Mercantilism is an important thought in terms of being the roots of today’s capitalism. In the same era, Ottoman Empire kept its traditional economic practices. Ottoman Empire’s freedom and profusion oriented economic structure couldn’t be sustained anymore against the new aggressive and over-interventionist structure of Mercantilism.