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The role of experts in the public assessment of England´s trade crisis of the early 1620´s

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  • Carlos Eduardo Suprinyak

    (Cedeplar-UFMG)

Abstract

Economic pamphleteering in England during the early 17th century has often been described as an attempt to influence the course of public policy with the aim of either protecting vested interests or else promoting in earnest the adoption of a few mercantilist doctrines. However, these judgments pass over a more basic question: to what extent, if any, could members of the English business community influence public opinion and the policy decision-making process? Special consultations over pressing economic issues offered an opportunity for their voices to be heard, but the growing financial difficulties which the English crown faced at that time opened the main path available for their active engagement with public administration. Lionel Cranfield was by far the most successful of such cases during the period at hand, playing a leading role throughout the public debates which surrounded the trade crisis of the early 1620’s – over which the pamphlet literature, in contrast, seems to have exerted a much more limited impact.

Suggested Citation

  • Carlos Eduardo Suprinyak, 2011. "The role of experts in the public assessment of England´s trade crisis of the early 1620´s," Textos para Discussão Cedeplar-UFMG td421, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td421
    as

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    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20421.pdf
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    References listed on IDEAS

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    1. M. Dewar, 1965. "The Memorandum ‘For the Understanding of the Exchange': its Authorship and Dating," Economic History Review, Economic History Society, vol. 17(3), pages 476-487, April.
    2. Jacob Viner, 1930. "English Theories of Foreign Trade Before Adam Smith (Concluded)," Journal of Political Economy, University of Chicago Press, vol. 38(4), pages 404-404.
    3. Kindleberger, Charles P., 1991. "The Economic Crisis of 1619 to 1623," The Journal of Economic History, Cambridge University Press, vol. 51(1), pages 149-175, March.
    4. Jacob Viner, 1930. "English Theories of Foreign Trade Before Adam Smith," Journal of Political Economy, University of Chicago Press, vol. 38(3), pages 249-249.
    5. Lawrence Stone, 1949. "Elizabethan Overseas Trade," Economic History Review, Economic History Society, vol. 2(1), pages 30-58, August.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. HPE no Cedeplar
      by Hugo da Gama Cerqueira in Meu gabinete de curiosidades on 2011-07-16 18:45:00

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    Cited by:

    1. Carlos Eduardo Suprinyak, 2013. "Beyond Thomas Mun: the economic ideas of Edward Coke, Francis Bacon and Lionel Cranfield," Textos para Discussão Cedeplar-UFMG 473, Cedeplar, Universidade Federal de Minas Gerais.
    2. Carlos Eduardo Suprinyak, 2012. "Dreams of order and freedom : debating trade management early 17th century England," Textos para Discussão Cedeplar-UFMG 457, Cedeplar, Universidade Federal de Minas Gerais.
    3. Carlos Eduardo Suprinyak, 2011. "Trade, money, and the grievances of the commonwealth : economic debates in the English public sphere during the commercial crisis of the early 1620’s," Textos para Discussão Cedeplar-UFMG td427, Cedeplar, Universidade Federal de Minas Gerais.

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    More about this item

    Keywords

    pre-classical economics; mercantilism; 17th century; Stuart England; Lionel Cranfield.;
    All these keywords.

    JEL classification:

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

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