Political economy at mid-nineteenth-century Cambridge: reform, free trade, and the figure of Ricardo

Shin Kubo

The European Journal of the History of Economic Thought, 2015, vol. 22, issue 5, 872-895

Abstract: Cambridge University raised the status of Political Economy in the mid-nineteenth century, a rise finalised and symbolised by the full-fledged professorship conferred upon Henry Fawcett in 1863. This article sets out a historical description of this rise towards its final phase, by examining economic discourses of academics on the Cambridge network. The central observation is that behind this process was a gradual acceptance of free trade, gradual in the sense that it was not as a sudden reaction to the repeal of the Corn Laws but with the changing portrayal of Ricardo as the economist of rent theory.

Date: 2015
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DOI: 10.1080/09672567.2015.1068822

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