An Essay Towards Regulating the Trade, and Employing the Poor of This Kingdom / Whereunto is Added, an Essay Towards Paying Off the Publick Debts

Name: An Essay Towards Regulating the Trade, and Employing the Poor of This Kingdom / Whereunto is Added, an Essay Towards Paying Off the Publick Debts
Author: John Cary

By John Cary

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Economics History - British History - Early Modern (c. 1450-1750)

About This Book

The author argues that a favorable balance of trade, sustained by domestic manufactures, is essential to supply bullion and keep people employed. He outlines six practical reforms: a knowledgeable parliamentary committee on trade; stronger oversight of the poor with measures to reduce begging and instill labor; retention and registration of domestic wool and controls on its export; encouragement of linen production to reallocate labor; support for fisheries through joint-stock societies; and the creation of a substantial parliamentary-backed national credit to meet public and private financial needs and gradually reduce the public debt. Appendices present earlier related essays and administrative details to implement these proposals.

About the Author

John Cary

John Cary was an English writer and economist known for his insightful analyses of trade and social issues in the early 18th century. His notable works include "A Discourse on Trade, and Other Matters Relative to it," where he explores the complexities of commerce and its impact on society. Cary also addressed the pressing concerns of poverty and public debt in his essays, such as "An Essay Towards Regulating the Trade, and Employing the Poor of This Kingdom." His writings contributed to the discourse on economic policy and social welfare during a transformative period in England's history.