The Early Mercantilists: Thomas Mun (1571-1641), Edward Misselden (1608-1634) and Gerard de Malynes (1586-1623)
The Mercantilist School never presented a common front but is associated with a common outlook: the idea of specie or bullion as the essence of wealth and the notion that a positive balance of trade is an index of national welfare. It is also associated with an emphasis on population growth and low wages, a concern with full employment and the far reaching denial of foreign trade as a source of net gain to the world as a whole; that is, international trade was regarded as a zero-sum gain and particular nations were thought to benefit from international trade only at the expense of others. The underlying idea that a permanent balance of trade surplus should be beneficial to a nation has been a source of discussion right down to the present day.
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The Early Mercantilists: Thomas Mun (1571-1641), Edward Misselden (1608-1634) and Gerard de Malynes (1586-1623)
The Mercantilist School never presented a common front but is associated with a common outlook: the idea of specie or bullion as the essence of wealth and the notion that a positive balance of trade is an index of national welfare. It is also associated with an emphasis on population growth and low wages, a concern with full employment and the far reaching denial of foreign trade as a source of net gain to the world as a whole; that is, international trade was regarded as a zero-sum gain and particular nations were thought to benefit from international trade only at the expense of others. The underlying idea that a permanent balance of trade surplus should be beneficial to a nation has been a source of discussion right down to the present day.
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The Early Mercantilists: Thomas Mun (1571-1641), Edward Misselden (1608-1634) and Gerard de Malynes (1586-1623)
320![The Early Mercantilists: Thomas Mun (1571-1641), Edward Misselden (1608-1634) and Gerard de Malynes (1586-1623)](http://vs-images.bn-web.com/static/redesign/srcs/images/grey-box.png?v11.11.3)
The Early Mercantilists: Thomas Mun (1571-1641), Edward Misselden (1608-1634) and Gerard de Malynes (1586-1623)
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Product Details
ISBN-13: | 9781852784669 |
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Publisher: | Edward Elgar Publishing |
Publication date: | 03/01/1991 |
Series: | Pioneers in Economics series , #4 |
Pages: | 320 |
Product dimensions: | 6.62(w) x 9.62(h) x (d) |
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