Defense versus Opulence? An Appraisal of the Malthus-Ricardo 1815 Controversy on the Corn Laws

Rodolfo Signorino, Rodolfo Signorino, Neri Salvadori

Research output: Contribution to journalArticle

12 Citations (Scopus)

Abstract

This article proposes a rational reconstruction of the arguments of Malthus and Ricardo in their 1815 essays, Grounds of an Opinion and An Essay on Profits, whereby a policy of free corn trade was repudiated and endorsed, respectively. Malthus envisaged defense and (trade-induced) opulence as two mutually alternative options and, if required to make a choice, he had no hesitation in choosing the former. By contrast, Ricardo excluded any such trade-off, arguing that even in the case of war or poor domestic harvest, foreign agricultural countries would be seriously damaged if they opted for restrictions on their corn exports to Great Britain.
Original languageEnglish
Pages (from-to)151-184
Number of pages34
JournalHistory of Political Economy
Volume47
Publication statusPublished - 2015

Fingerprint

Corn
Opulence
Malthus
Harvest
Profit
Rational Reconstruction
Hesitation
Trade-offs

All Science Journal Classification (ASJC) codes

  • History
  • Economics and Econometrics

Cite this

Defense versus Opulence? An Appraisal of the Malthus-Ricardo 1815 Controversy on the Corn Laws. / Signorino, Rodolfo; Signorino, Rodolfo; Salvadori, Neri.

In: History of Political Economy, Vol. 47, 2015, p. 151-184.

Research output: Contribution to journalArticle

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