ABSTRACT
The chapter discerned the emergence of an economic literature during the seventeenth century that shared a common terminology and dealt with a common set of problems. The chapter traces specific English 'science of trade' which contributed to the further development of economic thinking and writing at large. Without falling into the anachronistic trap, the chapter explains the development of analysis according to Joseph Schumpeter's scheme. Hence a sometimes very fierce political struggle in England until the Glorious Revolution in 1688 was carried out between Crown, parliament and different interest groups who competed for power. Economic writers in England during the seventeenth century talked frequently of 'free trade'. In seventeenth century, triggers a continuous stream of brochure literature involved the issues of interest and monetary issues were always central in the economic. The economic writers in the boom of 1960s are Josiah Child, Nicholas Barbon, Charles Davenant, John Locke, Simon Clement and William Petty.
