cameralism
/ˈkam(ə)rəlɪz(ə)m/ /ˈkam(ə)r(ə)lɪz(ə)m/Political Economy historical
noun
An economic theory prevalent in 18th-cent. Germany, which advocated a strong public administration managing a centralized economy primarily for the benefit of the state.
- Cameralism shared many of the characteristics of mercantilism, but with less stress on trade and more on efficient government administration..
Origin
Early 20th century. From cameral + -ism, after German Kameralismus.