Thomas Mun (1571-1641) successful businessman, a director of East - TopicsExpress

Thomas Mun (1571-1641) successful businessman, a director of East India Trading Company ¡°A Discourse of Trade from England into the East Indies,¡± (1621), ¡°Englands Treasure by Foraign Trade, or our Foraign Trade is the Rule of our Treasure,¡± (written about 1628, published 1664) Defined doctrine of ¡°favorable balance of trade.¡± Argued favorable balance of trade was only means of increasing the wealth of England England¡¯s waste lands should be cultivated (no importation of food) money to be exported if greater could be earned sum earned (in East India Trading Company¡¯s interest) OK to export bullion because if not, prices would rise and reduce exports, 16th century Spain as example Trade ¡°amongst ourselves will not enrich the commonwealth¡± (1586-1641) Master of the Mint (a position later held by Sir Isaac Newton in 1699), and Merchant Pamphlets

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