The advantage to Great Britain of a regular free trade in…
“The advantage to Great Britain of a regular free trade in corn would, therefore, be more by raising the rest of the world to our standard and price, than by lowering the prices here to the standard of the Continent.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Free trade benefits Britain by raising global standards rather than lowering domestic prices.
In simple terms: Britain gains by lifting world prices, not by cutting its own.
Key Takeaway
Promote policies that lift global standards.
Themes
economics
trade
policy
globalization
Mood
analytical
optimistic
Type
economic
policy
historical
When to use this quote
- national trade policy
- international negotiations
- economic development
- agricultural markets
Key Concepts
comparative advantage
market integration
price standards
Questions to Reflect On
- How can Britain support its farmers while pursuing free trade?
- What mechanisms ensure global price rises benefit all?
A Different Perspective
May overlook domestic producers' short‑term losses.