9781331497721 - An Essay on the Principle of Commercial Exchanges and More Particularly of the Exchange Between Great Britain and Ireland: with an Inquiry Into the of the Bank Rest... (3 results)

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condition: New. Print on Demand. This book delves into the intricate relationship between nations' financial systems and their international trade. The author contends that, contrary to popular belief, a trade surplus does not necessarily equate to national wealth, citing Great Britain's favorable balance of trade during the 18th century as an example. The author posits that foreign expenditure, such as remittances to citizens living abroad, can influence a nation's trade balance. The book analyzes the impact of foreign expenditure on Ireland's trade patterns, arguing that British loans to Ireland artificially inflated its imports and suppressed its exports. The author also critiques contemporary theories on the balance of trade, particularly Lord King's hypothesis linking trade imbalances to the Indian silver trade. Ultimately, this book offers valuable insights into the complex interplay between a nation's trade, foreign expenditure, and monetary system. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.