I. The Transforming of Instinctive into Conscious Impulses

Such ideas give rise to a peculiar result, and, as I said just now, it is interesting to trace the several points to which men directed the main attention of their thoughts as time went on. As a result of their ideas, the Mercantilists said to themselves: The essential thing in the economic life of any national community is to possess as large an equivalent as possible for the commodities circulating in Trade, and produced by Industry, within the given territory. In other words, their desire was to think out a social structure whereby as much money as possible should find its way into the country for which they were concerned. They saw the prosperity of the country in the amount of money it contained. “How then can we enlarge the prosperity of the country?” (For then they thought, the prosperity of the individual would also be enlarged as much as possible.) “How can we increase the country's prosperity?” By bringing about as far as possible that inner social economic structure whereby a large amount of money will circulate within the country and very little will flow from it to other countries. As much money as possible was to be concentrated in the given country.