Background
Thomas Mun was born in London, United Kingdom in June 157. Early lost his father, Thomas Mun was raised in a family of his stepfather, a wealthy merchant and one of the founders of the East India Trading Company.
Thomas Mun was born in London, United Kingdom in June 157. Early lost his father, Thomas Mun was raised in a family of his stepfather, a wealthy merchant and one of the founders of the East India Trading Company.
Mun came into public prominence in England during the economic depression of 1620.
In A Discourse of Trade, from England unto the East Indies (1621), Mun argued that as long as England’s total exports exceeded its total imports in the process of visible trade, the export of bullion was not harmful. He pointed out that the money earned on the sale of reexported East Indian goods exceeded the amount of originally exported bullion with which those goods were purchased. The argument may have been made in self-interest: Mun was affiliated with the East India Company and was appointed to the standing committee on trade in 1622.
Foreign trade
James Stewart (James) I