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Red 58:
In specific instances protectionist mercantilist policies also had an important and positive impact on the state that enacted them. Adam Smith, himself, for instance praised the [[Navigation Acts]] as they greatly expanded the British merchant fleet, and played a central role in turning Britain into the naval and economic superpower that it was for several centuries.{{ref|nav}} Some economists thus feel that protecting infant industries, while causing short term harm, can be beneficial in the long term.
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#{{note|vice}} Robert B. Ekelund and Robert F. Hébert. ''A History of Economic Theory and Method.'' pg. 46
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*Ekelund, Robert B. and Robert D. Tollison. ''Mercantilism as a Rent-Seeking Society: Economic Regulation in Historical Perspective. College Station: Texas A&M University Press, 1981.
*Ekelund, Robert B and Robert F. Hébert. ''A History of Economic Theory and Method.'' New York: McGraw-Hill, 1997.
Red 95:
*Wilson, Charles. ''Mercantilism.'' London: Historical Association, 1966
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*[http://www.ecn.bris.ac.uk/het/mun/treasure.txt Thomas Mun's ''Englands Treasure by Forraign Trade'']
*[http://www.econlib.org/library/Smith/smWN.html Book IV of ''The Wealth of Nations,''
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