Information about Nicholas Barbon

Nicholas Barbon (c. 1640 - 1698) (Full name:Nicholas Unless-Jesus-Christ-Had-Died-For-Thee-Thou-Hadst-Been-Damned Barbon) was an English economist, physician and financial speculator. He is counted among the critics of mercantilism and was one of the first proponents of the free market.

He was born in London in 1640, probably the son of Praise-God Barbon, studied medicine at Leiden, graduated M.D. at Utrecht in 1661, and was admitted an honorary fellow of the College of Physicians in 1664. He took a considerable part in the rebuilding of London after the great fire of 1666, and has a claim to be considered the institutor of fire-insurance in England, which he started one year after the Great Fire in 1667. In 1680 his fire office formed the First London fire brigade. He was M.P. for Bramber in 1690 and 1695.[1]

He founded a land bank with John Asgill which, according to contemporaries, was fairly successful and was united with that of John Briscoe in 1696. His writings on political economy are interesting for expressing views much in advance of his time. The more important were Apology for the Builder; or a Discourse showing the Cause and Effects of the Increase of Building (1685); A Discourse of Trade (1690); and A Discourse Concerning Coining the New Money Lighter (1696).

In these books, he demanded wider economic freedom and supported fashion which, he believed, inclined people towards continuous purchasing of goods and therefore created constant demand. Being influenced by populationism, he identified country's wealth with its population. He also advocated paper and credit money and postulated the reduction of interest rates which he thought impeded the growth in manufacturing and trade. His works influenced the other critics of mercantilism and hence indirectly contributed to the development of the foundations of classical economics.

Barbon, like his father, had an unusual full name: Nicholas Unless-Jesus-Christ-Had-Died-For-Thee-Thou-Hadst-Been-Damned Barbon[2]. By all accounts, though, he went by Nicholas throughout his life.

Footnotes

1. ^ Key Dates, London Fire Brigade
2. ^ Letwin, William. The Origins of Scientific Economics. London: Routledge, 2003. p. 48.
16th century - 17th century - 18th century
1610s  1620s  1630s  - 1640s -  1650s  1660s  1670s
1637 1638 1639 - 1640 - 1641 1642 1643

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Subjects:     Archaeology - Architecture -
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8th century - 9th century - 10th century
850s  860s  870s  - 880s -  890s  900s  910s
885 886 887 - 888 - 889 890 891

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Subjects:     Archaeology - Architecture -
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Motto
Dieu et mon droit   (French)
"God and my right"
Anthem
No official anthem specific to England — the anthem of the United Kingdom is "God Save the Queen".
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economist is an expert in the social science of economics.[1] The individual may also study, develop, and apply theories and concepts from economics and write about economic policy.
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physician applies to a person who practices some type of medicine. Such medical practitioners are concerned with maintaining or restoring human health through the study, diagnosis and treatment of disease and injury, through both an area of knowledge
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Speculation, in the narrow sense of financial speculation, involves the buying, holding, selling, and short-selling of stocks, bonds, commodities, currencies, collectibles, real estate, derivatives, or any valuable financial instrument to profit from fluctuations in its
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Mercantilism is an economic theory that holds the prosperity of a nation dependable upon its supply of capital, and that the global volume of trade is "unchangeable." Economic assets, or capital, are represented by bullion (gold, silver, and trade value) held by the state, which is
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Libertarianism

Schools of thought
Agorism
Anarcho-capitalism
Geolibertarianism
Green libertarianism
Right-libertarianism
Left-libertarianism
Minarchism
Neolibertarianism
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London
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Praise-God Barebone (or Barbon; c.1598 – 1679) was an English leather-seller, preacher and Fifth Monarchist. He is best known for giving his name to the Barebone's Parliament of the English Commonwealth of 1653.

Early life

Barebone's place of birth is unknown.
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Leiden

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Country Netherlands
Province South Holland
Area (2006)
 - Municipality 23.
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Utrecht

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Coordinates:
Country Netherlands
Province Utrecht
Area (2006)
 - Municipality 99.
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Royal College of Physicians of London was the first medical institution in England to receive a Royal Charter. It was founded in 1518 and is one of the most active of all medical professional organisations.
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Great Fire of London was a major conflagration that swept through the central parts of London, England, from Sunday, 2 September to Wednesday, 5 September, 1666.[1] The fire gutted the medieval City of London inside the old Roman City Wall.
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Motto
Dieu et mon droit   (French)
"God and my right"
Anthem
No official anthem specific to England — the anthem of the United Kingdom is "God Save the Queen".
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Bramber was a parliamentary borough in Sussex, one of the most notorious of all the rotten boroughs. It elected two Members of Parliament (MPs) to the House of Commons in 1295, and again from 1472 until 1832, when the constituency was abolished by the Great Reform Act.
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A land bank is a bank that issues long-term loans on real estate in return for mortgages. This term could also apply to:
  • The former Federal Land Bank Association in the United States, which was merged with the former Production Credit Association to form Farm Credit

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John Asgill (1659-1738) was an eccentric English writer.

He studied law at the Middle Temple, 1686, and was called to the bar in 1692. He founded the first land bank in 1695 with Nicholas Barbon, which, after proving to be a profitable venture, merged with the land bank of
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Freedom
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Philosophical freedom Political freedom Liberty
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Fashion is a term that usually applies to a prevailing mode of expression, but quite often applies to a personal mode of expression that may or may not apply to all. Inherent in the term is the idea that the mode will change more quickly than the culture as a whole.
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A good or commodity in economics is any object or service that increases utility, directly or indirectly, not to be confused with good in a moral or ethical sense (see Utilitarianism and consequentialist ethical theory).
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supply and demand describe market relations between prospective sellers and buyers of a good. The supply and demand model determines price and quantity sold in the market.
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Paper Money is the second album by the band Montrose. It was released in 1974 and was the last album to feature Sammy Hagar as lead vocalist. Ronnie Montrose sang lead vocals on "We're Going Home".
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Credit money is any claim against a physical or legal person that can be used for the purchase of goods and services[1]. Examples of credit money include bank deposits and credit card loans.
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Manufacturing (from Latin manu factura, "making by hand") is the use of tools and labor to make things for use or sale. The term may refer to a vast range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw
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Trade is the voluntary exchange of goods, services, or both. Trade is also called commerce. A mechanism that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and services.
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Classical economics is widely regarded as the first modern school of economic thought. Its major developers include Adam Smith, David Ricardo, Thomas Malthus and John Stuart Mill.
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London Fire Brigade

London Fire Brigade area
Coverage
Area Greater London
Size 609 square miles (1577 km)
Population 7,517,700.
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