Henry George, Jane Jacobs, and Free Trade

David Boyle

American Journal of Economics and Sociology, 2015, vol. 74, issue 3, 587-599

Abstract: Henry George and Jane Jacobs were both journalists and made a contribution to economics based on their commitment to the original version of free trade, as understood by 19-super-th-century liberals, rather than the late 20-super-th-century version. The distinctive concept of free trade, as originally understood, was as an instrument for small-scale producers to break up entrenched monopolies and serve the interests of the ordinary citizen. That was how Cobden used it in the debates over the Corn Laws in the 1840s, and how Ruskin, Gesell, Chesterton, and other critics conceived of economic liberation. In debates over free trade in recent decades, that term has come to mean a defense of power and privilege, the exact opposite of the intent of 19-super-th-century liberals. George and Jacobs sought to restore the original meaning by developing theories of development and distribution that would enable the market system to benefit everyone.

Date: 2015
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