Thomas Mun (186 words)

Litencyc Editors (Independent Scholar - Europe)
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Context

One of the first ‘Mercantilists’ (See our entry on Political Economy), the central premise of Thomas Mun’s economic theory was that gold was a stable measure of wealth, and trade should be centrally regulated by the government to produce an excess of exports over imports in order to gain more gold for the country.

Mun wrote the influential treatise A Discourse of Trade, from England unto the East Indies (1621) which argued against the prevailing opinion that the export of gold bullion (specifically by the East India Trading Company) was responsible for the economic slump. This treatise demonstrated that the re-exportation of goods ‘bought in’…

Citation: Editors, Litencyc. "Thomas Mun". The Literary Encyclopedia. First published 05 October 2004 [https://www.litencyc.com/php/speople.php?rec=true&UID=5846, accessed 19 August 2022.]

5846 Thomas Mun 1 Historical context notes are intended to give basic and preliminary information on a topic. In some cases they will be expanded into longer entries as the Literary Encyclopedia evolves.

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