Manchester school of economics: Difference between revisions
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'''The Manchester school of economics''' (sometimes referred to simply as "the Manchester school") was a political movement that sought the implemention of the recommendations of [[History of economic thought#Classical economics|classical economics]], and in particular the advocacy of [[competition]] and free trade by [[Adam Smith]] and [[David Ricardo]], and that pioneered Britain's abandonment of the then traditional doctrine of [[mercantilism]]. The movement was led by British businessmen and Members of Parliament, Richard Cobden<ref>[http://www.spartacus.schoolnet.co.uk/PRcobden.htm ''Biography of Richard Cobden'', Spartacus School]</ref> and John Bright<ref>[http://www.spartacus.schoolnet.co.uk/PRbright.htm ''Biography of John Bright'', Spartacus School]</ref> | |||
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Revision as of 05:46, 11 March 2011
The Manchester school of economics (sometimes referred to simply as "the Manchester school") was a political movement that sought the implemention of the recommendations of classical economics, and in particular the advocacy of competition and free trade by Adam Smith and David Ricardo, and that pioneered Britain's abandonment of the then traditional doctrine of mercantilism. The movement was led by British businessmen and Members of Parliament, Richard Cobden[1] and John Bright[2]