Misselden, Edward active Overview. Publication Timeline. Most widely held works about Edward Misselden. Most widely held works by Edward Misselden. Free trade, or, The meanes to make trade florish : wherein, the causes of the decay of trade in this kingdome are discouered, and the remedies also to remooue the same, are represented by Edward Misselden 21 editions published between and in English and held by WorldCat member libraries worldwide.
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Edward Misselden fl. He argued that international movements of money and fluctuations in the exchange rate depended upon the international trade flows and not the manipulations of the bankers, which was the popular view at the time. He suggested that trading returns should be established for purposes of statistical analysis, so that the state could regulate trade with a view to obtaining export surpluses.
He was deputy-governor of the Merchant Adventurers' Company at Delft from until On his departure from England October the East India Company invited him to act as one of their commissioners at Amsterdam to negotiate a private treaty with the Dutch; he had probably been employed by the Merchant Adventurers' Company in in a similar capacity.
His fellow-commissioner was Robert Barlow, East India merchant. The negotiations, however, were fruitless, and the report of the Amboyna massacre made progress difficult. In low health, Misselden returned to England, and presented to the company an account of the negotiations 3 November He returned to Delft at the end of November , and during the next four years he was again employed by the East India Company in the Amboyna matter.
He was also entrusted with the negotiations on behalf of the Merchant Adventurers' Company for a reduction of the duties on English cloth. Dudley Carleton , the English ambassador at the Hague , believed that he had been bribed by the Dutch, while the States-General , on the other hand, suspected him of compromising their interests by sending secret information to England, and confronted him October with some of his letters.
Missenden was aggrieved at his treatment, and declined to have anything further to do with the East India Company's affairs. His case was taken up by the privy council, and reparation was made Misselden supported William Laud 's schemes for bringing the practice of the English congregations abroad into conformity with that of the Church of England.
The merchant adventurers at Delft were strongly presbyterian , and John Forbes , their preacher, exercised great influence. Misselden's attempts to impose the Book of Common Prayer were met by plots to eject him from his position, and he and Forbes were bitterly opposed. He was ultimately turned out, and the company chose in his place Samuel Avery, a presbyterian.
Two years later abortive attempts were made to obtain his election as deputy-governor at Rotterdam , and Charles I addressed a letter to the Merchant Adventurers' Company vainly recommending them to deprive Robert Edwards who was in the post. Misselden was subsequently employed by the Merchant Adventurers' Company on missions. Around he was in Hamburg , and tried to make himself useful to the Parliamentary regime; but his reputation as a royalist told against him.
Misselden's economic writings were prompted mainly by the appointment of the standing commission on trade In his Free Trade, or the Means to make Trade flourish , London, , he discussed the causes of the alleged decay of trade, which he attributed to excessive consumption of foreign commodities, exportation of bullion by the East India Company, and defective searching in the cloth trade.
His object appears to have been to disarm the opposition to the regulated companies, especially the Merchant Adventurers', and turn it against the joint-stock associations. The views he put forth on the East India trade were inconsistent with those he advocated in the following year.
Gerard Malynes immediately attacked his pamphlet, opposing the principles of foreign exchange. After dealing with Malynes's views, and stating a theory of exchange, he discussed the balance of trade. He defended the exportation of bullion on the ground that by the re-exportation of the commodities the country was thus enabled to purchase, the treasure of the nation was augmented. His theory of the balance of trade is similar to that later developed by Thomas Mun.
A knowledge of modern tongues and customs, of weights and measures, of bookkeeping and penmanship figured much more prominently in an educational program in which learning was subordinated to the art of making the best deal. Of such a program Gradgrind himself might be proud, but how accurate a portrait of his contemporaries and predecessors has Mun painted? This essay uses a neglected source—the economic literature of the period—along with wills and inventories to flesh out the mental library of the seventeenth-century merchant, which was more learned than we may have imagined. In the sixteenth and seventeenth centuries, merchant was a term normally applied only to the import-export trader. With their assorted bequests and lists of household furnishings, these provide valuable clues to family relationships and standards of living. They also impress upon us how literate this society was, at all but the lowest levels.
Misselden, Edward active 1608-1654
Edward Misselden fl. He argued that international movements of money and fluctuations in the exchange rate depended upon the international trade flows and not the manipulations of the bankers, which was the popular view at the time. He suggested that trading returns should be established for purposes of statistical analysis, so that the state could regulate trade with a view to obtaining export surpluses. He was deputy-governor of the Merchant Adventurers' Company at Delft from until
Upon his departure from England October the East India Company invited him to act as one of their commissioners at Amsterdam to negotiate a private treaty with the Dutch. He appears to have been well qualified for the position. He was 'reputed a proper merchant and a good civilian' Court Minutes , Oct. His fellow-commissioner was Robert Barlow, East India merchant. The negotiations, however, were fruitless, owing chiefly to the unreasonable attitude of the Dutch. Upon the report of the outrages at Amboyna new difficulties arose, and Misselden himself suffered from ill-health. He returned to England, and presented to the company an account of the negotiations 3 Nov.