Rejoinder

J. D. Gould

The Journal of Economic History, 1958, vol. 18, issue 1, 63-64

Abstract: George W. Wilson's argument would be irrefutable if one could analyze long-term economic trends in terms of monetary theory alone. Undoubtedly, Mun's point was that specie judiciously exported for purposes of foreign trade would not be “lost to die Realm,” as the bullionists feared, but would return witii interest. If, then, we could assume no change in nonmonetary factors, pursuit of the policy advocated by Mun would ultimately make a rise of internal prices inevitable, save by a “flight from gold” on a scale uncongenial to mercantilist preconceptions. So far, Mr. Wilson's logic compels a modification of my argument, and for this demonstration I am grateful.

Date: 1958
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:jechis:v:18:y:1958:i:01:p:63-64_08

Access Statistics for this article

More articles in The Journal of Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().