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Download e-book for iPad: The Political Economy of Robert Lowe by J. Maloney

By J. Maloney

ISBN-10: 0230504043

ISBN-13: 9780230504042

ISBN-10: 1349524808

ISBN-13: 9781349524808

Robert Lowe's wit and brilliance made him some of the most sought after and detested figures of the Victorian age. yet he used to be additionally the one classical economist to turn into Chancellor of the Exchequer, and this is often the 1st learn of him via a fellow economist. It exhibits how as Chancellor he triggered a insurrection along with his proposed fit tax and hankered to take Britain right into a unmarried eu forex.

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But what determined what worked best? And what exactly does 'worked best' mean anyway? Lowe was to answer both questions in his methodological clash with the English historical school, as recounted in Chapter 12. 4 Education, Education, Administration It was 'a great Economical Truth', said Lowe, that 'Education is no exception to the rules of Political Economy. 11 What he meant was that education should be subject to the principles of Adam Smith. And, like Smith, he contrasted free economical Scotland with politicised, endowment-ridden England.

This, to Lowe, was a retrograde move to placate a retrograde institution. The Board had been established at a time when it was a received axiom of political science that it was the duty of the government to regulate, promote and protect the trade of its own country. But I really thought we had got to the end of these things ... that the time had come ... ' 29 Rather than raise the status of the Board, Lowe proposed abolishing its 'consultative department', that is the part which assisted the Foreign Office with commercial treaties.

But not as much as France, whose gains were beyond narrow financial calculation. Prohibitionist France had been a brave and confident nation hobbled by an unfounded and uncharacteristic timidity about the quality of her goods. But now, Lowe believed, all this would give way. ' 19 How right he had been about this, claimed Lowe, when in 1862 he reviewed the treaty's first two years. The grief of the French protectionists, far more avid to be proved right than to see their country prosper, only added to the satisfaction everyone else ought to be feeling.

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The Political Economy of Robert Lowe by J. Maloney


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