An Essay on the Impolicy of a Bounty on the Exportation of Grain (Illustrated)

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James Mill made essential contributions to social theory, political theory and political economy as a Scottish historian, economist, political theorist, and philosopher. He was a founder of classical economics along with David Ricardo and his son John Stuart Mill. James Mill published his influential History of British India in 1818 that contains a complete denunciation and rejection of Indian culture and civilization.

In 1804, James Mill published one of his important works, AN ESSAY OF THE IMPOLICY OF A BOUNTY; ON THE EXPORTATION OF GRAIN AND ON THE PRINCIPLES.  He argued against a bounty on the exportation and import duties of grain. His point was that raising the duties on imported grain had the effect of increasing the price of corn and hence increasing the incomes of landowners and the aristocracy at the expense of the working classes and the rising industrial class. He called for that the abolition of all export bounties and import duties to distribute the national income towards the more productive groups in society.

The essay is James Mill’s influential contributions to political and economic thoughts for the global trade theory. It is one of the most widely read of all books on economic theory in the world as Principles of Economics by Alfred Marshall and On the Principles of Political Economy by John Stuart Mill.

Using his writings, James Mill became one of the greatest minds who helped build the foundation of a new form of democratic society in human history that is prevailing and failing communism and socialism around the world.

James Mill is known as one of the founders of economics. The Essay is already read more than a hundred years and it will still be read for another century due to its truths.

This is a must-read book for people who are interested in the deepest thoughts about the global economy and its trade by James Mill, one of the greatest thinkers on the planet.