Observations on the Effects of the Corn Laws, and of a Rise or Fall in the Price of Corn on the Agriculture and General Wealth of the Country
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About This Book
The essay examines how tariffs, bounties, and fluctuations in grain prices influence agriculture and overall wealth, arguing that many debates have neglected core principles of political economy. It disputes the view that an increase in the money price of grain cannot raise its real return or encourage production, and analyses how food-price changes filter slowly and unevenly into wages and household expenditures. The author compares advantages and disadvantages of competing policy options in current circumstances, clarifies the links among food costs, labour supply, and capital allocation to land, and seeks to provide practical guidance for legislative decision making.
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