The Industrial Revolution

Bibliographic data

Monograph

Identifikator:: 1027928145

URN:: urn:nbn:de:zbw-retromon-159926

Document type:: Monograph

Author:: Cunningham, William http://d-nb.info/gnd/128907487

Title:: The Industrial Revolution

Place of publication:: Cambridge

Publisher:: The University Press

Year of publication:: 1922

Scope:: xxii S., S. 404-886

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

LAISSEZ FAIRE IN COMMERCE 869 expectations of those who advocated a change in our fiscal policy—but there is little disposition on the part of other but their peoples to follow the line we have pursued. Indeed, the 0 attitude of a country, which poses as a great example to ie aon other nations, i not necessarily attractive. It is less likely to nations call forth enthusiastic imitation than to give rise to carping been criticism. The expectations of Cobden have been falsified :/ We: other nations are inclined to imitate the steps by which England attained to ‘greatness, and to try to build up a commercial and industrial system by the protectionist methods she pursued in the seventeenth and eighteenth centuries, rather than to take over her recent policy ready made. It may be pointed out with truth that the system of anfettered intercourse was opportune for England, because she had reached a particular phase of development as an industrial nation, but that it is not equally advan- tageous to countries in which the economic system is less advanced®. The Free Traders made the error which was so common among the economists of the day? and based on the particular conditions of England, a maxim which they regarded as of universal validity. Cobden had no scruple in separating himself from the thorough-going Free Traders¢ and falling back upon a system of commercial treaties in 1860. But his anticipations as to the collapse of protectionism in France® have not been realised; the network of treaties which was framed, has not secured a gradual advance towards universal Free Trade®. The rise of national enthusiasms, both on continental Europe and in America, has had its natural result in kindling an increased desire for national economic life ; and England has bereft herself of the means of bargain- ing? with any foreign country, so as to make better terms for the admission of her goods. A modification of our 1t may be fiscal system, which would enable us to offer free import Sandon for the corn of Canada, India, Australia, and other parts of the J iren wie Empire, would secure us an ample food supply; we would re nb then be able to impose duties on the goods imported from of securing countries which endeavour to exelude our manufactures; our food i Cobden, 15 Jan. 1846; Speeches, 1. 360. } List, National Political Kconomy, 186. See above, p. 740. i Morley, Cobden, 11. 338. 5 Ib. mx. 246. 6 Ib. m1. 843. Fuchs, The Trade Policy of Great Britain and her Colonies. xx1%. 201.

Access restriction

Copyright

fullscreen: The Industrial Revolution

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation