Thomasmun

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resumen de thomas mun

THOMAS MUN’S

England’s Treasure by foreign trade.

Summary of chapters Ito XVI by

David Paul Villa Saille (B0EM1501)

Overview.

This book or letter to be more precise, is a description of how to enrich a kingdom or how to supply to its treasure, this according to the author is done by means of foreign trade, and so the author goes on to describe some of theelements of trade and the role they play on this enrichment of the kingdom, which in my opinion consists, in an early analysis of what is known today as the balance of payments, and although the author uses some quotes that were not fully graspable to me and shows to be a little influenced by the strong religious beliefs of the time, in the following pages I will summarize as precisely aspossible the first sixteen chapters of his work.

Chapter I.
This chapter consists on a description of the qualities required to be the perfect merchant or in terms of the author “the steward of the kingdom” amongst such qualities it is mentioned that a merchant ought to be knowledgeable of many things including trading fees, the law and languages of other countries, taxes, tolls as well as of theart of navigation, this are some of the characteristics required in the skillful practice of that which is done by a merchant in the love and service of the country.

Chapter II.
In this chapter it is mentioned that even though there are several ways in which a kingdom might be enriched, the most consistent way to do this is by selling more to strangers than what one consumes from them, or inother words to have more exports than imports.

Chapter III.
This chapter consist of a listing of the factors that decrease consumption of foreign goods such as: the reduction of waste lands and the refrain of excessive consumption, as well as of the elements that would increase the amount of exports, like considering the needs of neighboring countries or using self owned means oftransportation.

Chapter IV.
In this chapter the author states yet again that there are no others means to increase wealth but by foreign trade, therefore a country needs to import, or in words of the author export moneys in trade of merchandize. Again the importance of foreign trade in emphasized in this chapter as it mentions money should not be kept but employed in order to stimulate commerce.Chapter V.
This chapter explains how foreign trade can enable a merchant to buy lands, it also raises the price of commodities and in consequence the prices of lands in which these are produced.

Chapter VI.
This chapter is an explanation of how even though Spain employed policies to keep its treasure from other kingdoms namely potential enemies, still by means of trade Spanish silver and goldspread to a wide variety of countries.

Chapter VII.
This chapter describes the sorts of gain that come from foreign trade, first Commonwealth, when the merchant loses. Second, the gain of the merchant which represents the opposite to commonwealth. And finally the gain of the king which is ever certain.

Chapter VIII.
There are three ways to alter money by enhancing the coins in their variousdenominations, alter them in their weight but let them keep their value and by debasing the standards, however none of these would make a kingdom richer, since coins have an intrinsic value and since no one would sell his goods for a coin that is said to be worth more than it really does, therefore this is not a proper way to increase a countries wealth.

Chapter IX.
This chapter explains thatthe merchant should be familiar with the parity of the currencies, and that foreign currency should not be accepted as payment for more than it is worth according to the standards. If this is done by us others might reciprocate, wealth will not be justly distributed and there would be no real gain for the kingdom’s treasure.

Chapter X.
We can understand from this chapter that the statute of...
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