Matthew Decker
Encyclopedia
Sir Matthew Decker, 1st Baronet (1679 – 18 March 1749) was an English
merchant
and writer
on trade
.
He was born in Amsterdam
, came to London
in 1702 and established himself there as a merchant. He was remarkably successful in his business life, gaining great wealth and having many honors conferred upon him. He was a director of the East India Company
, sat in Parliament
for four years as member for Bishop's Castle
, and was High Sheriff of Surrey
in 1729. He was created a Baronet, of London, by George I in 1716.
Decker's fame as a writer on trade rests on two tracts. The first, Serious considerations on the several high duties which the Nation in general, as well as Trade in particular, labors under, with a proposal for preventing the removal of goods, discharging the trader from any search, and raising all the Publick Supplies by one single Tax (1743; name affixed to 7th edition, 1756), proposed to do away with customs
duties and substitute a tax upon houses. He also suggested taking the duty off tea and putting instead a licence duty on households wishing to consume it. The second, an Essay on the Causes of the Decline of the Foreign Trade, consequently of the value of the lands in Britain, and on the means to restore both (1744), has been attributed to W. Richardson, but internal evidence is strongly in favor of Decker's authorship. He advocates the licence plan in an extended form; urges the repeal of import duties and the abolition of bounties, and, in general, shows himself such a strong supporter of the doctrine of free trade
as to rank as one of the most important forerunners of Adam Smith
.
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
merchant
Merchant
A merchant is a businessperson who trades in commodities that were produced by others, in order to earn a profit.Merchants can be one of two types:# A wholesale merchant operates in the chain between producer and retail merchant...
and writer
Writer
A writer is a person who produces literature, such as novels, short stories, plays, screenplays, poetry, or other literary art. Skilled writers are able to use language to portray ideas and images....
on trade
Trade
Trade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and...
.
He was born in Amsterdam
Amsterdam
Amsterdam is the largest city and the capital of the Netherlands. The current position of Amsterdam as capital city of the Kingdom of the Netherlands is governed by the constitution of August 24, 1815 and its successors. Amsterdam has a population of 783,364 within city limits, an urban population...
, came to London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
in 1702 and established himself there as a merchant. He was remarkably successful in his business life, gaining great wealth and having many honors conferred upon him. He was a director of the East India Company
British East India Company
The East India Company was an early English joint-stock company that was formed initially for pursuing trade with the East Indies, but that ended up trading mainly with the Indian subcontinent and China...
, sat in Parliament
Parliament of Great Britain
The Parliament of Great Britain was formed in 1707 following the ratification of the Acts of Union by both the Parliament of England and Parliament of Scotland...
for four years as member for Bishop's Castle
Bishop's Castle (UK Parliament constituency)
Bishop's Castle was a borough constituency in Shropshire represented in the House of Commons of the Parliament of the United Kingdom.It was founded in 1584 and was a constituency of the House of Commons of the Parliament of England until 1707, then of the Parliament of Great Britain from 1707 to...
, and was High Sheriff of Surrey
High Sheriff of Surrey
-List of High Sheriffs of Surrey:The list of known High Sheriffs of Surrey extends back to 1066 At various times the High Sheriff of Surrey was also High Sheriff of Sussex -1066-1228:...
in 1729. He was created a Baronet, of London, by George I in 1716.
Decker's fame as a writer on trade rests on two tracts. The first, Serious considerations on the several high duties which the Nation in general, as well as Trade in particular, labors under, with a proposal for preventing the removal of goods, discharging the trader from any search, and raising all the Publick Supplies by one single Tax (1743; name affixed to 7th edition, 1756), proposed to do away with customs
Customs
Customs is an authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of goods including animals, transports, personal effects and hazardous items in and out of a country...
duties and substitute a tax upon houses. He also suggested taking the duty off tea and putting instead a licence duty on households wishing to consume it. The second, an Essay on the Causes of the Decline of the Foreign Trade, consequently of the value of the lands in Britain, and on the means to restore both (1744), has been attributed to W. Richardson, but internal evidence is strongly in favor of Decker's authorship. He advocates the licence plan in an extended form; urges the repeal of import duties and the abolition of bounties, and, in general, shows himself such a strong supporter of the doctrine of free trade
Free trade
Under a free trade policy, prices emerge from supply and demand, and are the sole determinant of resource allocation. 'Free' trade differs from other forms of trade policy where the allocation of goods and services among trading countries are determined by price strategies that may differ from...
as to rank as one of the most important forerunners of Adam Smith
Adam Smith
Adam Smith was a Scottish social philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Smith is the author of The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations...
.