bullionism
bullionism
Noun
This term describes a specific historical economic philosophy that equates national power with the physical accumulation of gold and silver. It carries a connotation of rigidity and primitive economic thinking, often contrasted with later theories of trade and productivity that recognize wealth as a flow of goods and services rather than a static hoard of metal.
As an abstract noun representing a specific school of thought or a systemic practice, it is treated as an uncountable mass noun. It does not take a plural form in standard academic or historical discourse, as it refers to the concept itself rather than individual instances of the theory.
Meanings
Related Words
mercantilismgoldsilverbullionspeciecoinagetreasuryreservewealthaccumulationtradeexportimportbalancetariffprotectionismeconomyfinancemonetarypolicystatesovereignmonarchempirecolonialismcommercemerchantmarketvaluestandardbimetallisminflationdeflationcurrencyexchangehoardingstockpileingotmintcoinfiscalrevenuesurplusdeficitcapitalassetcommodityprotectionregulationcustomsdutymacroeconomicsmonetarismliquiditysolvencyspeculationarbitragevaluationappraisalassaypuritykaratfineness