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Before Political Economy: Debate over Grain Markets, Dearth and Pauperism in England, 1794-96

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Abstract
During the 1790s Britain experienced a series of poor harvests which, given an expanding population and wartime disruption to the European grain trade, resulted in sudden and rapid increases in the domestic price of wheat. In modern discussion of Corn and Poor Laws the severity of these fluctuations has been obscured by the use of annual average grain prices, despite weekly county prices being available from 1771 as published in the London Gazette. We highlight the uncertainties of grain prices during the period 1794-96, drawing upon extensive contemporary discussion published in the Annals of Agriculture of the problems arising from rapid fluctuations in the price of wheat. Our purpose is to demonstrate that the tropes usually today associated with the Corn and Poor Laws – pauperism, a clash between merchant, manufacturing and landlord interests, population and impoverishment – are absent from discussion during this period. A doctrinaire “political economy” would develop in the early 1800s, but did not yet exist. Policy argument drew upon casuistic reasoning from circumstance and past experience. We also show that this approach undermines any idea that Edmund Burke’s Thoughts and Details on Scarcity is in some way connected to “political economy”.

Suggested Citation

  • Lanot, Gauthier & Tribe, Keith, 2024. "Before Political Economy: Debate over Grain Markets, Dearth and Pauperism in England, 1794-96," Umeå Economic Studies 1025, Umeå University, Department of Economics.
  • Handle: RePEc:hhs:umnees:1025
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    References listed on IDEAS

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    1. Blaug, Mark, 1963. "The Myth of the Old Poor Law and the Making of the New," The Journal of Economic History, Cambridge University Press, vol. 23(2), pages 151-184, June.
    2. Susan Fairlie, 1969. "The Corn Laws and British Wheat Production, 1829-76," Economic History Review, Economic History Society, vol. 22(1), pages 88-110, April.
    3. Nielsen, Randall, 1997. "Storage and English Government Intervention in Early Modern Grain Markets," The Journal of Economic History, Cambridge University Press, vol. 57(1), pages 1-33, March.
    4. Liam Brunt & Edmund Cannon, 2013. "The truth, the whole truth, and nothing but the truth: the English Corn Returns as a data source in economic history, 1770-1914," European Review of Economic History, European Historical Economics Society, vol. 17(3), pages 318-339, August.
    5. Shaw-Taylor, Leigh, 2001. "Parliamentary Enclosure And The Emergence Of An English Agricultural Proletariat," The Journal of Economic History, Cambridge University Press, vol. 61(3), pages 640-662, September.
    6. Blaug, Mark, 1964. "The Poor Law Report Reexamined," The Journal of Economic History, Cambridge University Press, vol. 24(2), pages 229-245, June.
    7. Colin Smith, 2002. "The wholesale and retail markets of London, 1660–1840[I am grate]," Economic History Review, Economic History Society, vol. 55(1), pages 31-50, February.
    8. Boyer,George R., 1990. "An Economic History of the English Poor Law, 1750–1850," Cambridge Books, Cambridge University Press, number 9780521364799, September.
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    More about this item

    Keywords

    Corn Laws; grain prices; London Gazette; Annals of Agriculture; political economy; dearth;
    All these keywords.

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • P00 - Political Economy and Comparative Economic Systems - - General - - - General

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