Manchester Liberalism

Capitalism

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Origins

* Age of Enlightenment
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Development

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Manchester Liberalism (also called the Manchester School, Manchester Capitalism and Manchesterism) comprises the political, economic and social movements of the 19th century that originated in Manchester, England. Led by Richard Cobden and John Bright, it won a wide hearing for its argument that free trade would lead to a more equitable society, making essential products available to all. Its most famous activity was the Anti-Corn Law League that called for repeal of the Corn Laws that kept food prices high. It expounded the social and economic implications of free trade and laissez-faire capitalism. The Manchester School took the theories of economic liberalism advocated by classical economists such as Adam Smith and made them the basis for government policy. It also promoted pacifism, anti-slavery, freedom of the press and separation of church and state.[1]

## Contents

* 1 Manchester background
* 2 Anti-Corn Law League
* 3 Terminology
* 4 See also
* 5 Notes and references
* 6 Further reading

## Manchester background

Manchester was the hub of the world's textile manufacturing industry, and had a large population of factory workers who were disadvantaged by the Corn Laws, the protectionist policy that imposed tariffs on imported wheat and therefore increased the price of food. The Corn Laws were supported by the land-owning aristocracy because they reduced foreign competition and allowed landowners to keep grain prices high. That increased the profits from agriculture as the population expanded. However, the operation of the Corn Laws meant that factory workers in the textile mills of northern England were faced with increasing food prices. In turn, mill owners had to pay higher wages, which meant that the price of finished goods was higher and the foreign trade competitiveness of their products was reduced.

## Anti-Corn Law League

Mercantilism holds that a country’s prosperity is dependent on large exports, but limited imports of goods. At the beginning of the 19th century, trade in Britain was still subject to import quotas, price ceilings and other state interventions. That led to shortages of certain goods in British markets, in particular corn (grains usually requiring grinding, most often, but not always wheat).

Manchester became the headquarters of the Anti-Corn Law League from 1839. The League campaigned against the Corn Laws, which it said would reduce food prices and increase the competitiveness of manufactured goods abroad. Manchester Liberalism grew out of that movement. That has led to the situation seen in modern Britain, where the country has become dependent upon imported food as part of a globalised interdependence.

Manchester Liberalism has a theoretical basis in the writings of Adam Smith, David Hume and Jean-Baptiste Say.

The great champions of the Manchester School were Richard Cobden and John Bright. As well as being advocates of free trade,[2] they were radical opponents of war and imperialism, and proponents of peaceful relations between peoples. The "Little Englander" movement saw little benefit in paying taxes to defend colonies such as Canada , which contributed little trade to Manchester manufacturers and could not supply their main raw material of cotton.[3] Manchesterism can therefore be seen as a belief in free and consensual relations amongst individuals and groups at all levels.[citation needed] Cobden's efforts to promote free trade were always instrumental in what he deemed the highest moral purpose, i.e. the promotion of peace on earth and goodwill among men.[citation needed]

## Terminology

In March 1848, Conservative Benjamin Disraeli first used the term "the School of Manchester".[4] According to historian Ralph Raico and as indicated by the German liberal Julius Faucher in 1870, the term "Manchesterism" was invented by Ferdinand Lassalle (the founder of German socialism) and was meant as an abusive term.[5]

## See also

* Birmingham School, other contemporary school associated with British industrial capitalism
* British Whig Party
* Michel Chevalier
* Thomas Thomasson

## Notes and references

1. ↑ Wallace (1960)
2. ↑ Palen, Marc-William (2020-02-09). "Marx and Manchester: The Evolution of the Socialist Internationalist Free-Trade Tradition, c.1846-1946". The International History Review 0: 1–18. doi:10.1080/07075332.2020.1723677. ISSN 0707-5332.
3. ↑ Smith, Andrew (2008). British Businessmen and Canadian Confederation: Constitution Making in an Era of Anglo-Globalization. McGill-Queen's Press - MQUP. pp. 24–27. ISBN 9780773575004. https://books.google.com/books?id=nzumalaEe40C&pg=PA24.
4. ↑ W. H. Greenleaf, The British Political Tradition. Volume Two: The Ideological Heritage (London: Methuen, 1983), p. 41.
5. ↑ Raico, Ralph (2004) Authentic German Liberalism of the 19th Century Ecole Polytechnique, Centre de Recherce en Epistemologie Appliquee, Unité associée au CNRS

## Further reading

* Bresiger, Gregory. "Laissez Faire and Little Englanderism: The Rise, Fall, Rise, and Fall of the Manchester School," Journal of Libertarian Studies (1997) 13#1 pp 45–79. online
* William Dyer Grampp, The Manchester School of Economics (Stanford: Stanford University Press, 1960), the standard scholarly history
* Wallace, Elisabeth. "The Political Ideas of the Manchester School," University of Toronto Quarterly (1960) 29#2 pp 122–138

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Schools of economic thought

Pre-modern|

* Ancient schools
* Medieval Islamic
* Scholasticism

Early modern|

* Cameralism
* Mercantilism
* Physiocrats
* School of Salamanca

Modern|

* American (National)
* Anarchist
* Mutualism
* Austrian
* Birmingham
* Classical
* Ricardian
* English historical
* French Liberal
* Georgism
* German historical
* Malthusian
* Marginalism
* Marxian
* Neoclassical
* Lausanne
* Socialist

20th and
21st century|

* Behavioral
* Buddhist
* Capability approach
* Carnegie
* Chartalism
* Modern Monetary Theory
* Chicago
* Constitutional
* Disequilibrium
* Ecological
* Evolutionary
* Feminist
* Freiburg
* Institutional
* Keynesian
* Neo- (neoclassical–Keynesian synthesis)
* New
* Post-
* Circuitism
* Monetarism (Market)
* Neo-Malthusian
* Neo-Marxian
* Neo-Ricardian
* New classical
* Rational expectations theory
* Real business-cycle theory
* New institutional
* New neoclassical synthesis
* Organizational
* Public choice
* Regulation
* Saltwater/freshwater
* Stockholm
* Structuralist
* Supply-side
* Thermoeconomics
* Virginia
* Social credit

Related|

* History of economic thought
* History of macroeconomic thought
* Economics
* Political economy
* Mainstream economics
* Heterodox economics
* Post-autistic economics
* Degrowth
* World-systems theory
* Economic systems

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