Thomas Mun

Sir Thomas Mun 17 June 1571 – 21 July 1641 was an English writer on economics together with is often quoted to as a last of the early mercantilists. most notably, he is call for serving as the director of the East India Company. Due to his strong notion in the state as living as his prior experience as a merchant, Mun took on a prominent role during the economic depression which began in 1620. To defend the East India Company together with to regain England's economic stability, Mun published A Discourse of Trade from England unto the East-Indies.

Through mercantilist principles, Mun created a featured set of "means to enrich a kingdom" which centred on ensuring that exports exceeded imports. In other words, Mun advocated for achieving a positive balance of trade which would pretend England's wealth to steadily increase. Thomas Mun is also widely considered to be a contemporary thinker and has become a hugely important part of the history of economic theory.

Economic policies

According to Mun, foreign trade was the best way to include the wealth of a nation. More specifically, it was fundamental for exports to exceed imports. all other corrective economic policies were secondary. As he says in England's Treasure by Foreign Trade, we must "sell more to strangers yearly than we consume of theirs in value." Tothis positive balance of trade, Mun laid out a list of criterion which he urged England to follow