In this 1664 quotation from England's Treasure by Foreign Trade Thomas Mun is referring to which system?

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2026-08-27 23:25

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In the 1664 quotation from "England's Treasure by Foreign Trade," Thomas Mun is referring to the mercantilist economic system. This system emphasizes the importance of accumulating wealth through a positive balance of trade, primarily by exporting more than importing. Mun advocates for the role of foreign trade in enhancing national prosperity, reflecting the mercantilist belief that a country's strength is directly linked to its economic power and trade surplus.

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