John Cary
A Discourse on Trade, and Other Matters Relative to it
"A Discourse on Trade, and Other Matters Relative to it" by John Cary is a treatise on economic principles and trade practices written in the mid-18th century. The work discusses various aspects of trade, including domestic and foreign trade, agriculture, manufacturing, and the establishment of a national credit system. Cary argues for methods to enhance commerce and improve the economy, emphasizing the importance of trade balance for national wealth. At the start of the discourse, Cary sets the foundation for understanding the dynamics of trade, tracing its origins from barter systems to complex economic relationships between nations. He outlines the benefits of domestic production and manufacturing, advocating for strategies to prevent the exportation of raw materials like wool while promoting local industries. Cary's approach appears pragmatic, suggesting actionable measures such as establishing a national bank, improving work conditions for the poor, and regulating the export of key commodities to strengthen England's economy.