Chapter

Introduction

Roderick Floud

in The People and the British Economy, 1830–1914

Published in print April 1997 | ISBN: 9780192892102
Published online October 2011 | e-ISBN: 9780191670602 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780192892102.003.0001
Introduction

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This introductory chapter discusses the inspiration for this book, namely Adam Smith, a founder of economics and economic history. The book covers the period when Britain was an ‘open economy’ under the influence of the doctrines of free trade which Smith advocated in preference to barriers to the free movement of labour, capital, and goods. These tariff and other barriers, most of which had been erected under the influence of mercantilist economic ideas, were largely removed between 1830 and 1860, to be reinstated for the most part only after 1914.

Keywords: Adam Smith; economic history; Britain; mercantilism; free trade

Chapter.  781 words. 

Subjects: Modern History (1700 to 1945)

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