Who is the author of the book 'England's Treasure by the Foreign Trade'?

The correct answer is - Thomas Mun

Key Points

• Thomas Mun
  • Thomas Mun was an English economist and a key figure in the development of early economic thought.
  • He is best known for his work "England's Treasure by the Foreign Trade," published posthumously in 1664.
  • This book is considered a significant contribution to the mercantilist economic theory, which emphasizes the role of foreign trade in increasing a nation's wealth.
  • Mun argued that a positive balance of trade was essential for the prosperity of a nation.

Additional Information

• Adam Smith
  • Adam Smith is widely regarded as the father of modern economics.
  • He is best known for his seminal work, "The Wealth of Nations," published in 1776.
  • Smith's ideas laid the foundation for classical economics, focusing on free markets and the invisible hand theory.
• Josiah Child
  • Josiah Child was an English merchant and economist.
  • He was a prominent figure in the East India Company and wrote several works on trade and economics.
  • His notable works include "A New Discourse of Trade," where he discussed various economic policies and practices.
• Antonio Serra
  • Antonio Serra was an Italian economist known for his work on economic theory.
  • He is best known for his book "Breve trattato delle cause che possono far abbondare li regni d'oro e argento dove non sono miniere" (1613), which translates to "A Short Treatise on the Causes that Can Make Gold and Silver Plentiful in Kingdoms Where There Are No Mines."
  • Serra's work is considered one of the earliest contributions to mercantilist thought.