Overview

The discussion of the issue of free trade within the historical context of the Corn-Laws debate in Great Britain circa 1845 highlights a contentious issue that has caused debate to rage among governments, politicians and economists for centuries. As early as 1662 Gerard de Malynes suggested to King James that:

"That all the said causes of the decay of Trade in England, are almost all of them
comprised in one, which is the want of money; whereof wee finde the abuse of exchange, to bee the efficient Cause, which maketh us to find out so easie a Remedie, whereby the Kingdome shall enjoy all the three essentiall parts of Traffique under good and Politike Government, which will bee Free Trade effectually or in deed. And this will also bee admirable in the eyes of other
Princes…"

As noted by Milton and Rose Friedman in 1997, it is ironic that this debate still rages in spite of overwhelming acceptance by a large majority of the economic community. They go on to note......

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Title: Free Trade Analysis
Approximate Word Count: 2689
Approximate Pages: 11 (250 words per double-spaced page)

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