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Last updated over 5 years ago
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The ordinary means therefore to increase our wealth and treasure is by Forraign [Foreign] Trade, wherein wee must ever observe this rule; to sell more to strangers yearly than wee consume of theirs in value.
—Thomas Munn, England’s Treasure by Forraign Trade, 1664
Which 16th century economic doctrine is described in this excerpt?
The ordinary means therefore to increase our wealth and treasure is by Forraign [Foreign] Trade, wherein wee must ever observe this rule; to sell more to strangers yearly than wee consume of theirs in value.
—Thomas Munn, England’s Treasure by Forraign Trade, 1664
Which 16th century economic doctrine is described in this excerpt?