An Essay on the East India Trade

Nonfiction, History, Asian, India, British
Cover of the book An Essay on the East India Trade by Charles Davenant, Charles River Editors
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Charles Davenant ISBN: 9781619825819
Publisher: Charles River Editors Publication: January 24, 2012
Imprint: Language: English
Author: Charles Davenant
ISBN: 9781619825819
Publisher: Charles River Editors
Publication: January 24, 2012
Imprint:
Language: English

Charles Davenant (16561714) was an English economist and the eldest son of Sir William Davenant, a renowned poet. He held the post of commissioner of excise from 1683 to 1689, and that of inspector-general of exports and imports from 1705 till his death in 1714. He was also secretary to the commission appointed to treat for the union with Scotland. As an economist, he was a strong supporter of the mercantile theory, and in his economic pamphlets (as distinct from his political writings) he takes up an eclectic position, recommending governmental restrictions on colonial commerce as strongly as he advocates freedom of exchange at home. Davenant is also credited with being the first to discuss the concept of Balance of Trade as being an important part of the financial health of a country. The foundation of the idea is that importing more goods than were exported would create an outflow of currency. He proposed in An Essay on Ways and Means of Supplying the War in 1695 that export surplus was the best way to finance the war. In 1696 he published Essay on the East India Trade in which he opposed the protection of English Textiles against Indian competition on the grounds that commerce with East India improved Britains balance of trade, and he refuted the arguments of the protectionists with further applications of the balance of trade concept.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Charles Davenant (16561714) was an English economist and the eldest son of Sir William Davenant, a renowned poet. He held the post of commissioner of excise from 1683 to 1689, and that of inspector-general of exports and imports from 1705 till his death in 1714. He was also secretary to the commission appointed to treat for the union with Scotland. As an economist, he was a strong supporter of the mercantile theory, and in his economic pamphlets (as distinct from his political writings) he takes up an eclectic position, recommending governmental restrictions on colonial commerce as strongly as he advocates freedom of exchange at home. Davenant is also credited with being the first to discuss the concept of Balance of Trade as being an important part of the financial health of a country. The foundation of the idea is that importing more goods than were exported would create an outflow of currency. He proposed in An Essay on Ways and Means of Supplying the War in 1695 that export surplus was the best way to finance the war. In 1696 he published Essay on the East India Trade in which he opposed the protection of English Textiles against Indian competition on the grounds that commerce with East India improved Britains balance of trade, and he refuted the arguments of the protectionists with further applications of the balance of trade concept.

More books from Charles River Editors

Cover of the book Lodore by Charles Davenant
Cover of the book The Circle: A Comedy in Three Acts by Charles Davenant
Cover of the book Calico Jack, Anne Bonny and Mary Read: The Lives and Legacies of History's Most Famous Pirate Crew by Charles Davenant
Cover of the book The Life of S. Thomas Becket of Canterbury by Charles Davenant
Cover of the book What the “Boys” Did Over There by Charles Davenant
Cover of the book Iphigenia in Tauris by Charles Davenant
Cover of the book After Twenty Years (Illustrated Edition) by Charles Davenant
Cover of the book Catholic Commentary on Kings I by Charles Davenant
Cover of the book Love-at-Arms by Charles Davenant
Cover of the book The Story of Sir Launcelot and His Companions (Illustrated Edition) by Charles Davenant
Cover of the book The Hard-hearted Husband by Charles Davenant
Cover of the book A Divine and Supernatural Light by Charles Davenant
Cover of the book Romulus by Charles Davenant
Cover of the book The Old Adam: A Story of Adventure by Charles Davenant
Cover of the book By the Christmas Fire by Charles Davenant
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy