7min chapter

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William Bernstein on the History of Trade

EconTalk

CHAPTER

The Trade Debate: Insights from Henry Martin

This chapter explores the historical context of trade debates in Britain, focusing on the Corn Laws' repeal and the insights of lesser-known thinker Henry Martin. It emphasizes the shift from mercantilist views to the benefits of consumption and international trade, highlighting the advantages of specialization and cost-effective imports.

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