Thomas Mun

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

1664

• Format: PDF

Produktdetails

• Verlag: Forgotten Books
• Erscheinungstermin: 27. Oktober 2017
• Englisch
• ISBN-13: 9780243714483
• Artikelnr.: 59093914

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.