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Mun, Thomas

MUN, THOMAS (1571-1641), English writer on economics, was the third son of John Mun, mercer, of London. He began by engaging in Mediterranean trade, and afterwards settled down in London, amassing a large fortune. He was a member of the committee of the East India Company and of the standing commission on trade appointed in 1622. In 1621 Mun published A Discourse of Trade from England unto the East Indies. But it is by his England's Treasure by Forraign Trade that he is nx. i remembered in his history of economics. Although written possibly about 1630, it was not given to the public until 1664, when it was " published for the Common good by his son John," and dedicated to Thomas, earl of Southampton, lord high treasurer. In it we find for the first time a clear statement of the theory of the balance of trade.

Note - this article incorporates content from Encyclopaedia Britannica, Eleventh Edition, (1910-1911)

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