Paper Summary:

In this article, the writer provides a discussion of the transition from feudalism to capitalism and the beginning of urbanization. The writer lists the major tenets of mercantilist policy and contrasts it to the Classical approach of international trade.

From the Paper:

"The beginnings of urbanization are found in the economic and social transition from feudalism to capitalism. Many factors contributed to the dissolution of the feudal system. The contributing factors created two conditions that led to the end of feudalism. The first of these conditions was the rise of towns. Towns provided an alternative way of making a living for individuals who had heretofore been restricted to the farms. While only a relatively few serfs left the farms in ..."

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