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Merchants and councilors: intellectual divergences in early 17th century British economic thought

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  • Carlos Eduardo Suprinyak

    (Cedeplar-UFMG)

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    Abstract

    During the early 1620’s, England went through a period of intense economic disorders which sparked the interest of many in economic reasoning. The decade witnessed the emergence of the most relevant pieces of economic literature of the early Stuart era, but the debate was not restricted to the abstract confrontation of economic writers. The fundamental issue at stake in the controversies between Malynes, Misselden, and Mun – the integration of money and international trade in a coherent explanation of economic phenomena – was also the subject of much care in the political arena at large. The 1621 parliamentary session, in particular, put in evidence not only the fundamental relevance of the matter for understanding England’s economic maladies, but also the great difficulties involved in its investigation. By bringing all these elements together, the paper seeks to articulate a more dense and meaningful portrait of the prevailing state of economic ideas in early 17th century England.

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    Bibliographic Info

    Paper provided by Cedeplar, Universidade Federal de Minas Gerais in its series Textos para Discussão Cedeplar-UFMG with number td372.

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    Length: 22 pages
    Date of creation: Nov 2009
    Date of revision:
    Handle: RePEc:cdp:texdis:td372

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    Keywords: pre-classical economics; mercantilism; 17th century; Stuart England; Thomas Mun;

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    1. Lynn Muchmore, 1969. "Gerrard de Malynes and Mercantile Economics," History of Political Economy, Duke University Press, vol. 1(2), pages 336-358, Fall.
    2. Kindleberger, Charles P., 1991. "The Economic Crisis of 1619 to 1623," The Journal of Economic History, Cambridge University Press, vol. 51(01), pages 149-175, March.
    3. J. D. Gould, 1952. "The Royal Mint In The Early Seventeenth Century," Economic History Review, Economic History Society, vol. 5(2), pages 240-248, December.
    4. Schmoller, Gustav, 1897. "The Mercantile System and its Historical Significance," Histoy of Economic Thought Chapters, in: Studien uber die wirthschaftliche Politik Friedrichs des Grossen McMaster University Archive for the History of Economic Thought.
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