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The Tariff Reform Debate (1903)

In: Neoclassical International Economics

Author

Listed:
  • Leonard Gomes

    (Middlesex Polytechnic)

Abstract

In 1852 Queen Victoria remarked to her uncle, the King of the Belgians, ‘Protection is quite gone.’1 A generation later, however, a chorus of voices rose up in Britain against the continuance of the policy of free trade. At the time Victoria wrote, the British economy entered a period lasting twenty years of unparalleled prosperity. Leading economists attributed the mid-Victorian boom to the enlightened policy of free trade. In 1865 John Stuart Mill referred to the ‘flush of prosperity occasioned by free trade’. William Stanley Jevons, in the same year, ascribed the buoyant economic conditions to ‘the unprecedented commercial reforms of the last twenty years’.2

Suggested Citation

  • Leonard Gomes, 1990. "The Tariff Reform Debate (1903)," Palgrave Macmillan Books, in: Neoclassical International Economics, chapter 4, pages 65-85, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37155-2_4
    DOI: 10.1057/9780230371552_4
    as

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