palani
13th March 2017, 05:39 AM
mercantile (adj.)
1640s, from French mercantile (17c.), from Italian mercantile, from Medieval Latin mercantile, from Latin mercantem (nominative mercans) "a merchant," also "trading," present participle of mercari "to trade," from merx (see market (n.)). Mercantile system first appears in Adam Smith (1776).
USE, civil law. A right of receiving so much of the natural profits of a thing as is necessary to daily sustenance; it differs from usufruct, which is a right not only to use but to enjoy. 1 Browne's Civ. Law, 184; Lecons Elem. du Dr. Civ. Rom. Sec. 414, 416.
USUFRUCT, civil law. The right of enjoying a thing, the property of which is vested in another, and to draw from the same all the profit, utility and advantage which it may produce, provided it be without altering the substance of the thing. 2. The obligation of not altering the substance of the thing, however, takes place only in the case of a complete usufruct. 3. Usufructs are of two kinds; perfect and imperfect. Perfect usufruct, which is of things which the usufructuary can enjoy without altering their substance, though their substance may be diminished or deteriorated naturally by time or by the use to which they are applied; as a house, a piece of land, animals, furniture and other movable effects. Imperfect or quasi usufruct, which is of things which would be useless to the usufructuary if be did not consume and expend them, or change the substance of them, as money, grain, liquors. Civ. Code of Louis. art. 525, et seq.
So here is a concept one might consider. Mercantilism is that system of trading which exists between the extremes of a USE on one boundary and a USUFRUCT on the other. The mercantile system is intended to draw profit from inventory owned by someone else. Those who purchase (in their perception) the USE do not intend profit as the outcome.
The concepts of uses and usufructs came about in response to high taxes required of the crown to fight their many wars and conquests. Today there is little or no private property in existence and paper money effects no change of ownership (and never did) any more than an IOU effects a change of ownership.
1640s, from French mercantile (17c.), from Italian mercantile, from Medieval Latin mercantile, from Latin mercantem (nominative mercans) "a merchant," also "trading," present participle of mercari "to trade," from merx (see market (n.)). Mercantile system first appears in Adam Smith (1776).
USE, civil law. A right of receiving so much of the natural profits of a thing as is necessary to daily sustenance; it differs from usufruct, which is a right not only to use but to enjoy. 1 Browne's Civ. Law, 184; Lecons Elem. du Dr. Civ. Rom. Sec. 414, 416.
USUFRUCT, civil law. The right of enjoying a thing, the property of which is vested in another, and to draw from the same all the profit, utility and advantage which it may produce, provided it be without altering the substance of the thing. 2. The obligation of not altering the substance of the thing, however, takes place only in the case of a complete usufruct. 3. Usufructs are of two kinds; perfect and imperfect. Perfect usufruct, which is of things which the usufructuary can enjoy without altering their substance, though their substance may be diminished or deteriorated naturally by time or by the use to which they are applied; as a house, a piece of land, animals, furniture and other movable effects. Imperfect or quasi usufruct, which is of things which would be useless to the usufructuary if be did not consume and expend them, or change the substance of them, as money, grain, liquors. Civ. Code of Louis. art. 525, et seq.
So here is a concept one might consider. Mercantilism is that system of trading which exists between the extremes of a USE on one boundary and a USUFRUCT on the other. The mercantile system is intended to draw profit from inventory owned by someone else. Those who purchase (in their perception) the USE do not intend profit as the outcome.
The concepts of uses and usufructs came about in response to high taxes required of the crown to fight their many wars and conquests. Today there is little or no private property in existence and paper money effects no change of ownership (and never did) any more than an IOU effects a change of ownership.