Cobdenism
Cobdenism is an economic ideology (and the associated popular movement) which perceives international free trade and a non-interventionist foreign policy as the key requirements for prosperity and world peace.[1] It is named after the British statesman and economist Richard Cobden and had its heyday of political influence in the British Empire during the mid-19th century, amidst and after the endeavour to abolish the Corn Laws.
Based on
First World War, after which he abandoned Cobdenism in favor of "insular capitalism".[3]
Rarely used today and already in decline by the end of the 19th century,[4] Cobdenism was revived by some academics during the 1980s to support the liberalization of the British economy.[5]
See also
References
- ^ Palen, M.-W. (2015). ”Free-Trade Ideology and Transatlantic Abolitionism: A Historiography”. Journal of the History of Economic Thought, 37(2), pp. 291–304.
- ^ Cain, P.J. & J.A. Jobson (1978). “Cobdenism, and the Radical Theory of Economic Imperialism, 1898–1914”. The Economic History Review, 31(4), pp. 565–584.
- Transactions of the Royal Historical Society, 17, pp. 1–33.
- ^ Young, J.P. (1898). “The Decay of Cobdenism in England”. The North American Review, 166(497), pp. 418–428.
- ^ Castorina, C. (1985). “Cobdenism for the 1980s”. Economic Affairs, 5(2), pp. 58–60.
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