Thomas Mun

England's Treasure by Forraign Trade (eBook, ePUB)

Unlocking Economic Prosperity Through Trade and Policy in the 17th Century

• Format: ePub

Produktbeschreibung

Thomas Mun's 'England's Treasure by Forraign Trade' is a influential work that explores the importance of trade in building a nation's wealth. Written in a clear and accessible style, Mun delves into the economic theory of mercantilism, emphasizing the belief that a country should export more than it imports in order to accumulate precious metals and grow its economy. The book highlights the significance of a nation's balance of trade and the role of government policies in promoting economic growth in a rapidly changing world. This work not only serves as a valuable historical document on economic thought in the 17th century, but also provides insights that are still relevant in modern economics. Mun's use of real-world examples and practical advice make this book a must-read for anyone interested in the history of economic theory. Thomas Mun, a British economist and merchant, draws upon his own experiences in trade and commerce to offer a unique perspective on the economic landscape of his time. His expertise and practical knowledge shine through in this seminal work, making it a foundational text in the field of economics. I highly recommend 'England's Treasure by Forraign Trade' to readers who wish to deepen their understanding of the historical development of economic thought and its impact on policy-making.

Produktdetails

• Verlag: Good Press
• Seitenzahl: 73
• Erscheinungstermin: 11. April 2021
• Englisch
• ISBN-13: 4064066443993
• Artikelnr.: 61609767

Autorenporträt

Thomas Mun (1571–1641) stands prominently in the annals of economic thought for his contributions to the mercantile theory of international trade and economic policy. His seminal work, 'England's Treasure by Forraign Trade', written in 1628 but published posthumously in 1664, laid the groundwork for mercantilist thought and policy that would dominate English economic practice for decades. A merchant by profession, Mun climbed the ranks to become a director at the prestigious East India Company, an experience that deeply informed his writing; his insights into the nature of trade and wealth accumulation had both immediate and lasting influence on economic theory. Mun's treatise emphatically argued that a nation's wealth could be increased through a careful balancing of exports over imports, thereby advocating for a trade surplus as the means of national prosperity. While his theories have evolved over time, his recognition of the balance of trade issues remains a fundamental concern in modern economics. His elucidation of the role that trade plays in national wealth, and his appeal to empirical data gathered from his own experiences, contributed significantly to policy debates of his time and the evolution of economic discourse. Thomas Mun's focus on practicality and real-world applications cemented his place as a pivotal figure in the transition from medieval to modern economic thinking.