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infospace: process book-4-chapter-05

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Extract entities, map to VSM, and synthesize analysis.
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-05 -->
# Mercantile System
## Definition
An economic doctrine that seeks to enrich the nation by promoting exports
and restricting imports, based on the belief that national wealth consists
of accumulated precious metals and that a favourable balance of trade is
essential for prosperity.
## Source Chapter
Book IV, Chapter 5
## Context
Smith presents the mercantile system as the intellectual framework that
justifies bounties and other trade restrictions. He systematically
criticizes its core assumptions about wealth creation and trade balance.
## Economic Domain
General Theory
---