ABSTRACT In the following pages we will address the internal and external dimensions of the Hegelian conceptualization of political economy in the analytical context of the Rechstphilosophie of 1820. We will understand by internal dimensions the moments proper to the Hegelian argument in its logical coherence and consistency and, by external dimensions, the validity and representativeness of that same argument in relation to the problems of political economy in the late eighteenth and early nineteenth centuries. To this end, we will (...) focus especially on the relationship between capitalism and mercantilism in its physiocratic and cameralist forms in order to establish the logical and historical horizon of the Hegelian exposition. Finally, on the basis of this relationship and its conceptualization, we will summarily address the limits of the meaning of political economy as a representation of the present in Rechtsphilosophie. (shrink)