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12 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Englands Treasure 1628, Thomas Mun pg6 |
"But first I will say something concerning those ways and means which will encrease our exportations and diminish our importations of wares; ... [I will] shew that all other means which are commonly supposed to enrich the Kingdom with Treasure are altogether insufficient and meer fallacies" |
Enrich the Kingdom with Treasure... |
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Englands Treasure 1628, Thomas Mun pg 10 |
"[B]ut if he fetch this Pepperfron the East-idies, he must not give above three pence the pound at the most, which is a mighty advantage, not only in that part which serveth for our own use, but also for that great quantity which (from hence) we transport yearly unto divers other Nations to be sold at a higher price..." |
But if he fetch this Pepper from the East-Indies... |
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Englands Treasure 1628, Thomas Mun pg 12 |
"And for so much as the people which live by the Arts are far more in number than they who who are masters of the fruits, we ought the more carefully to maintain those end endeavours of the multitude, in whom doth consist the greatest strength and riches both of King and Kingdom..." |
"...we ought more carefully to maintain those endeavours..." |
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England's Treasure 1628, Thomas Mun pg 15 |
"It is not therefore said that then we should add our money thereunto to fetch in the more money immediately, but rather first to enlarge our trade by enabling us to bring in more forraign wares, which being sent out again will in due time much encrease our Treasure." |
"Money begets trade and trade encreaseth money." |
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England's Treasure 1628, Thomas Mun pg 17 |
"For all men do consent that plenty of money in a Kingdom doth make the native commodities dearer, which as it is to the profit of some private men in their revenues, so is it directly against the benefit of the Publique in the quantity of the trade..." |
"For all men do consent that plenty of mony in a Kingdom..." |
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England's Treasure 1628, Thomas Mun pg69 |
"A King who desires to lay up money must endeavour by all good means to maintain and encrease forraign trade, because it is the sole way not only to lead him to his own ends, but also to enrich his Subjects to his farther benefit..." |
"...It is the sole way not only to lead him to his own ends..." |
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England's Treasure 1628, Thomas Mun pg73 |
"As plenty and power doe make a nation vicious and improvident, so penury and want doe make a people wise and industrious..." |
"As plenty and power do make a nation..." |
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Tableau Economique 1758, François Quesnay pg4 |
"That [taxes] are laid directly on the revenue of the proprietors, aaaaaand not on the produce, where they increase the costs of collection and operate to the detriment of trade; and, in addition, that they are not taken from the advances of the farmers id land property, whose wealth ought to be very carefully safeguarded in order to meet the expenses of cultivation and to avoid the loss of revenue. " |
"That [taxes] are laid directly on the revenue of the proprietors..." |
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Tableau Economique 1758, François Quesnay pg5 |
"That the prices of produce and commodities in the kingdom are never made to fall; for then mutual foreign trade would become disadvantageous to the nation. As the market value is, so is the revenue." |
"Prices of produce and commodities..." |
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Tableau Economique 1758, François Quesnay pg5 |
"That no encouragement at all is given to luxury and the way of ornamentation; for this is maintained only to the detriment of luxury in the way of subsistence, which sustains the market for raw produce, its proper price, and the reproduction of the nation's revenue." |
"That no encouragement at all is given to luxury..." |
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Tableau Economique 1758, François Quesnay pg6 |
"A nation ought to devote itself only to those manufactured commodities for which it possesses the raw materials and which it can make at less expense than in other countries; and it should purchase from abroad such manufactured commodities as can be bought at a price lower than the cost which would be involved if the nation made them itself." |
"A nation ought to devote itself only to those manufactured commodities..." |
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Mercantilist main position |
Foreign trade has winners and losers. Countries should focus on increasing exports and decreasing imports. Import 'natural wares' and export 'artificial wares' at higher price |
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