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25. 18.. The Considerations are reprinted in East India Trade: Selected Works. 19. Considerations, p. 66. 20. , p. 74. 21. Sophus A. Reinert, Translating Empire, pp. 78 f. 22. , p. 82 23. Reinert, Translating Empire. 24. , pp. 152 f. 25 .. , p. 186 26. , pp. 233 f. 27. Jacob Viner, Studies in the Theory of Internationql Trade, pp. , 84f. 28. , p. 75. 29. Consideratiqns, p. 32. Accordingly there are as many types of mercJ:lantsfrom the humble pedlar to the great patrician who owns a fortune. Trade does not exist in a political vacuum and ruiers were always eager to participate in the gains from trade in one way or another.

As a Bristol merchant he was engaged in maritime trade and his writings were based on his practical experience. But he also corresponded with the philosopher John Locke (1632-1704) and tried to give a systematic account of the economic ev9lution of mankind. 22 According to him the wealth of the nation and its competitive strength depended on the ingenuity of its manufacturers and not on the cheapness of labour. In fact, innovation would lead to higher wages and they in turn would contribute to national economic development.

6. , p. 147. 7. F: Guilmartin Jr, Galleys and Galleons, London, 2003, p. 87. 8. , pp. 158 f. 9. , p. 161. 10. , pp. 176 f. 11. R. Davis, The Rise of the English Shipping Industry in the Seventeenth and Eighteenth Centuries, London, 1972. 12. V. Scammel, The World Encompassed, p. 131. 13. F. Guilmartin, Galleys,pp. 44 f. 14. , pp. 72 f. 58 VIOLENT TRADERS 15. , pp. 77 f. 16. M. Newitt, A History of Portuguese Overseas F,xpansion, 1400-1668, London,2008,p. 78. 17. V. Guilmartin, Galleys, pp. 94 f.

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