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Developing A Framework

In: Arthur Cecil Pigou

Author

Listed:
  • Nahid Aslanbeigui

    (Monmouth University)

  • Guy Oakes

    (Monmouth University)

Abstract

On Friday afternoon, 12 June 1903, William Hewins met Joseph Chamberlain for the first time in the latter’s private room in the British House of Commons to discuss the burning fiscal issue of the time: tariff reform. Chamberlain — committed imperialist, anti-Little Englander, and self-anointed leader of the reform movement — was Colonial Secretary in the Conservative cabinet of Balfour. Hewins was the founding director of LSE, a conservative imperialist and critic of free trade, and a member of the international community of historical economists. The tariff reform controversy of 1903–6 was the most contentious British political dispute in the decade before the Great War. It split the Establishment, inflamed the public, created a disastrous rift in the Conservative Party, and ended in a Liberal landslide victory in the general election of 1906, beginning the long Liberal ascendancy that set the foundations of the British welfare state. Although this may seem improbable in the extreme, the genesis of Pigou’s research programme for economics, first set out in Wealth and Welfare, is linked to the controversy and Chamberlain’s collaboration with Hewins.1

Suggested Citation

  • Nahid Aslanbeigui & Guy Oakes, 2015. "Developing A Framework," Great Thinkers in Economics, in: Arthur Cecil Pigou, chapter 3, pages 42-96, Palgrave Macmillan.
    • Handle: RePEc:pal:gtechp:978-1-137-31450-5_3
    DOI: 10.1057/9781137314505_3
    as

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