The Ottoman State
The Ottomans saw military expansion and fiscalism as the source of wealth, with agriculture seen as more important than manufacture and commerce. Western mercantilists gave more emphasis to manufacture and industry in the wealth-power-wealth equation, moving towards capitalist economics comprising expanding industries and markets whereas the Ottomans continued along the trajectory of territorial expansion, traditional monopolies, conservative land holding and agriculture.
Read more about this topic: Fall Of The Ottoman Empire
Famous quotes containing the word state:
“To one who habitually endeavors to contemplate the true state of things, the political state can hardly be said to have any existence whatever. It is unreal, incredible, and insignificant to him, and for him to endeavor to extract the truth from such lean material is like making sugar from linen rags, when sugar-cane may be had.”
—Henry David Thoreau (1817–1862)