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Originally appearing in Volume V06, Page 611 of the 1911 Encyclopedia Britannica.
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TRADE; See also:CORN See also:LAWS; See also:PROTECTION; See also:TARIFF; See also:ECONOMICS). See also:Cobden has See also:left a deep See also:mark on See also:English See also:history, but he was not himself a " scientific economist," and many of his confident prophecies were completely falsified. As a manufacturer, and with the circumstances of his own See also:day before him, he considered that it was " natural " for See also:Great See also:Britain to manufacture for the See also:world in See also:exchange for her free See also:admission of the more " natural " agricultural products of other countries. He advocated the See also:repeal of the corn-laws, not essentially in See also:order to make See also:food cheaper, but because it would develop See also:industry and enable the manufacturers to get labour at See also:low but sufficient See also:wages; and he assumed that other countries would be unable to compete with See also:England in manufactures under free trade, at the prices which would be possible for English manufactured products. " We See also:advocate," he said, " nothing but what is agreeable to the highest behests of Christianity—to buy in the cheapest See also:market, and sell in the dearest." He-believed that the See also:rest of the world must follow England's example: " if you abolish the corn-laws honestly, and adopt free trade in its simplicity, there will not be a tariff in See also:Europe that will not be changed in less than five years " (See also:January 1846). His cosmopolitanism—which makes him in the See also:modern Imperialist's eyes a "Little Englander" of the straitest sect—led him to deplore any survival of the colonial See also:system and to See also:hail the removal of ties which See also:bound the See also:mother See also:country to remote dependencies; but it was, in its day, a generous and sincere reaction against popular sentiment, and Cobden was at all events an outspoken advocate of an irresistible See also:British See also:navy. There were enough inconsistencies in his creed to enable both sides in the See also:recent controversies to claim him as one who if he were still alive would have supported their See also:case in the altered circumstances; but, from the See also:biographical point of view, these issues are hardly relevant. Cobden inevitably stands for " Cobdenism, " which is a creed largely See also:developed by the modern free-trader in the course of subsequent years. It becomes See also:equivalent to economic laisser-faire and " Manchesterism," and as such it must fight its own corner with those who now take into See also:consideration many See also:national factors which had no See also:place in the See also:early utilitarian individualistic regime of Cobden's own day. The See also:standard See also:biography is that by See also:John See also:Morley (1881). Cobden's speeches were collected and published in 1870. The See also:centenary of his See also:birth in 1904 was celebrated by a See also:flood of articles in the See also:news-papers and magazines, naturally coloured by the new controversy in England over the Tariff Reform See also:movement.

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