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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)

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.

Suggested Citation

  • Carlos Eduardo Suprinyak, 2009. "Merchants and councilors: intellectual divergences in early 17th century British economic thought," Textos para Discussão Cedeplar-UFMG td372, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td372
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    File URL: http://www.cedeplar.ufmg.br/pesquisas/td/TD%20372.pdf
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. Lynn Muchmore, 1969. "Gerrard de Malynes and Mercantile Economics," History of Political Economy, Duke University Press, vol. 1(2), pages 336-358, Fall.
    4. 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.
    5. Raymond de Roover, 1951. "Monopoly Theory Prior to Adam Smith: A Revision," The Quarterly Journal of Economics, Oxford University Press, vol. 65(4), pages 492-524.
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    More about this item

    Keywords

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

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)

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