Money and trade considered

by John Law

CHAP. II.

Of Trade, and how far it depends on money. that the increase of the people depends on Trade. of exchange.

Trade is domestick, or foreign. domestick trade is the imployment of the people, and the exchange of goods within the country.

Foreign trade has several branches.

1. The product and manufacture being more than the consumption, a part is exported, and in return foreign goods are brought home.

2. Selling the goods exported at one port, and loading there to sell another; whereby a greater return is made, than if the goods exported had been carry’d directly there.

3. Bringing home the product and manufacture of other countries, from whence, and when they are cheap; to supply countries where, and when they are dear.

4. Bringing home the product of other countries, and exporting it in manufacture.

5. Freighting, or hireing out ships.

Domestick and foreign trade may be carried on by barter; but not for so great a value as by money, nor with so much convenience.