• Table of Contents
    • Abstract
    • Keywords
    • Article
      • Mercantilism and the rise of British liberalism
      • The 19th-century Corn Law repeal: free trade rhetoric vs. protectionist reality
      • The 1860 Anglo-French Trade Treaty and the true coming of free trade
    • See Also
    • Bibliography
    • How to cite this article

Corn Laws, free trade and protectionism

John Nye
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

In the 1840s, Britain repealed the export restrictions and import duties on wheat known as the Corn Laws. But the traditional story of British free trade was complicated by an unwillingness to eliminate the most binding tariffs on wine and other consumables. In contrast, Britain's avowedly protectionist rival France had a more liberal trade policy than did Britain for most of the 19th century. Only with the 1860 Anglo–French Treaty of Commerce did Britain and France both move to uniformly low tariffs on goods and services, ushering in a period of genuinely free trade throughout Europe.
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How to cite this article

Nye, John. "Corn Laws, free trade and protectionism." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 24 November 2014 <http://www.dictionaryofeconomics.com/article?id=pde2008_T000208> doi:10.1057/9780230226203.0322

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