The Rise of Free Trade in Western Europe, 1820–1875
- 1 March 1975
- journal article
- Published by Cambridge University Press (CUP) in The Journal of Economic History
- Vol. 35 (1) , 20-55
- https://doi.org/10.1017/s0022050700094298
Abstract
The textbook theory of tariffs, and their converse, the movement to freer trade, has more elements than we need for the nineteenth century, but also lacks some. In the usual comparative statics, a tariff may be said to have ten effects: on price, trade, production (the protective effect), consumption, revenue, terms of trade, internal income distribution, monopoly, employment and the balance of payments.Keywords
All Related Versions
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