The Tradition of Free Trade


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The Tradition of Free Trade



Lars Magnusson


Routledge
Taylor & Francis Group

LONDON AND NEW YORK

-ix-

First published 2004
by Routledge
2 Park Square, Milton Park, Abingdon, Oxfordshire OX 14 4RN

Simultaneously published in the USA and Canada
by Routledge
29 West 35th Street, New York, NY 10001

Routledge is an imprint of the Taylor & Francis Group

© 2004 Lars Magnusson

Typeset in Times by LaserScript Ltd, Mitcham, Surrey

Printed and bound in Great Britain by
TJ International, Padstow, Cornwall

All rights reserved. No part of this book may be reprinted or reproduced
or utilized in any form or by any electronic, mechanical, or other means,
now known or hereafter invented, including photocopying and recording,
or in any information storage or retrieval system, without permission in
writing from the publishers.

British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library

Library of Congress Cataloging in Publication Data
A catalog record for this book has been requested

ISBN 0-415-26215-1

-x-

Contents





Acknowledgements

xiii










1 The invention of a tradition of free trade: an introduction










A historical reading of the history of economics










The use and diffusion of economic language










2 The heritage from Smith and classical political economy










Adam Smith as a system builder










The historical Smith










The real classical economists










3 The invention of a tradition: from the Corn Laws to the fair trade controversy










The Christian moralist-and others










Manchester uses of Adam Smith










Popular economics










The fair trade debate










4 The historical construction of mercantilism










Mercantilism










Adam Smith's mercantile system today










The historical construction of a concept










Manchester and the mercantile system




-xi-






The role of mercantilism in nineteenth-century economic thought 90







5 The American system 92







The other face of American political economy 94







Henry C. Carey 100







John Rae 104







The American system 106







Free-traders in the Antebellum South 113







After the Civil War 116







6 The three systems of political economy:
a Swedish case of translation
123







Early economics in Sweden 126







Physiocracy in Sweden 130







Smith, Sweden and the industrial system 140







7 Epilogue 152







Notes 158







Select bibliography 178







Index 190

-xii-


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