The Malthus versus Ricardo 1815 Corn Laws Controversy: An appraisal
AbstractThe paper proposes a rational reconstruction of the arguments developed by Malthus and Ricardo in their 1815 essays, Grounds of an Opinion and An Essay on Profits, to repudiate and endorse a policy of free corn trade, respectively. Malthus envisaged defence and opulence as two mutually alternative options and, if required to make a choice, he had no doubt in choosing the former. By contrast, Ricardo excluded any alternative between defence and opulence: trade does note give a sustainable weapon to potential enemies of Great Britain whereas trade-driven opulence may give Great Britain greater means to wage a war.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 50534.
Date of creation: 09 Oct 2013
Date of revision:
Malthus; Ricardo; Corn Laws; Coordination Games;
Find related papers by JEL classification:
- B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-18 (All new papers)
- NEP-HME-2013-10-18 (Heterodox Microeconomics)
- NEP-HPE-2013-10-18 (History & Philosophy of Economics)
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