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Nicholas BarbonEconomist
Country:
 Great Britain |
Content:
Nicolas Barbon
Nicolas Barbon, an economist of the mercantilist school, was known for his treatise "A Discourse of Trade." His unusual middle name, Unless-Jesus-Christ-Had-Died-For-Thee-Thou-Hadst-Been-Damned, reflected the Puritanism common in 17th-century England, where his father also bore an equally lengthy moniker.
Establishment of The Fire Office
In 1667, Barbon founded England's first insurance company, The Fire Office. Later renamed The Phoenix, the company operated until 1712. In 1680, it was incorporated as a fire protection service.
Mercantilist Views
As a mercantilist, Barbon believed in the importance of maximizing national wealth through trade. His treatise "A Discourse of Trade" argued for free trade and the abolition of monopolies. Barbon's economic ideas influenced the practices of the British government at the time.
Other Contributions
Beyond his economic work, Barbon was also a property developer and a member of Parliament. He was a proponent of urban planning and advocated for the construction of new residential areas in London.
Legacy
Nicolas Barbon's contributions to economics and insurance had a lasting impact on British society. His ideas on free trade and the establishment of The Phoenix insurance company shaped the development of both industries. Barbon's name remains synonymous with the rise of capitalism and the growth of London as a global city.
