The Corn Laws
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1.The Corn Laws in 1825 – John Stuart Mill
2.The Corn Laws in 1827 – John Stuart Mill
The Corn Laws were passed to protect landowners in the United Kingdom and Ireland against competition from less expensive foreign imports between 1815 and 1846 and imposed steep import duties, making it too expensive for anyone to import grain from other countries.
This sounds a familiar conflict today when trade friction and political dispute are heated by exporting massive cheap low end products to the rest of the world.
John Mill looked into the economic aspect of trade issues caused by the Corn Laws through this essay. He through the essay argued “The farmer, however, is a capitalist, and his gains cannot be permanently greater than those of other capitalists.”
The work influenced Henry George who completed his great work Protection or Free Trade.
John Mill is known as one of the founders of economics. This is a must-read book for people who are interested in the deepest thoughts about free trade and protectionism by John Mill, one of the greatest thinkers on the planet.
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