Thomas Mun, 1571–1641: from Bullion to Foreign Trade

Gianni Vaggi and Peter Groenewegen
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Peter Groenewegen: University of Sydney

Chapter 2 in A Concise History of Economic Thought, 2003, pp 13-22 from Palgrave Macmillan

Abstract: Abstract Thomas Mun’s grandfather was a provost in the Royal Mint, his father was a Mercer. He himself was a very successful merchant and became a Director of the East India Company in 1615. The East India Company was much criticised because its trade involved the export of bullion (in order to purchase spices). In 1621 Mun wrote a pamphlet, A Discourse of Trade, from England to East Indies, in order to defend the Company from the accusation of being detrimental to Britain’s prosperity because it exported bullion in order to import goods. In the pamphlet he described the benefits derived from this type of trade.

Keywords: Free Trade; Foreign Trade; Precious Metal; Seventeenth Century; Sixteenth Century (search for similar items in EconPapers)
Date: 2003
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DOI: 10.1057/9780230505803_2

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