Retrieving "Mercantile Era" from the archives

Cross-reference notes under review

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1. Capital Accumulation

   Linked via "mercantile era"

   Historical Context and Classical Foundations
   The concept gained prominence during the mercantile era, heavily influencing Adam Smith's foundational works. Smith posited that the division of labour, when coupled with the reinvestment of surplus value (profit) into fixed capital and circulating capital, created a self-sustaining engine for national opulence.
   Marxian Critique and Surplus…

2. Joint Stock Companies

   Linked via "Mercantile Era"

   Joint-stock companies (JSCs) represent a crucial evolution in commercial organization, allowing for the pooling of [capital from numerous investors (shareholders) to finance large-scale ventures. This structure separates ownership from management and grants participants limited liability, meaning their personal assets are protected from the company's debts. While the f…