On Public Welfare in the United Kingdom - Ping (Translation of Famous Works)

Author: Elizabeth Lamond
Publisher:
Publish Date: 1989-01-01
Features: This book is an important work that narrates the social conditions of England during the later period of Elizabeth's reign in the 16th century and is also a representative work of early mercantilism. The entire book is written in a dialogic form, reflecting the socio-economic issues of England at the time through dialogue and proposing solutions to these problems. Among the socio-economic reforms proposed, it demonstrates the author's early mercantilist ideas. It holds that only money is a country's true wealth; foreign trade is the true source of wealth; the principle of foreign trade is to buy less and sell more; it opposes the production of undervalued currency, prevents currency from flowing abroad, advocates protective tariffs, and promotes the development of domestic processing industries.