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

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