ABSTRACT
The last period of the ancien régime in Portugal (1789-1820) was characterized by a steady claim for increased liberty within economic activity. This trend, already visible in the late eighteenth century, found improved strength in the beginning of the new century. Some of the most prominent authors of that period shared several criticisms of the excessive regulations, economic privileges and monopolist situations that constrained Portuguese economic activity at that time. Moreover, these authors believed that the so-called mercantile system approach was not the most effective way for the state to promote the nation’s wealth. These authors considered that a more liberal approach, i.e. reducing the level of restrictions and regulations within economic activity, could increase the possibilities of the nation’s economic growth.
