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Manchester school |
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Manchester school, group of English political economists of the 19th cent., so called because they met at Manchester. Their most outstanding leaders were Richard Cobden Cobden, Richard (kŏb`dən), 1804–65, British politician, a leading spokesman for the Manchester school . ..... Click the link for more information. and John Bright Bright, John, 1811–89, British statesman and orator. He was the son of a Quaker cotton manufacturer in Lancashire. A founder (1839) of the Anti-Corn Law League, he rose to prominence on the strength of his formidable oratory against the corn laws . ..... Click the link for more information. . Their chief tenet was that the state should interfere as little as possible in economic matters (see laissez-faire laissez-faire (lĕs'ā fâr`) [Fr. ..... Click the link for more information. ), and they advocated free trade free trade, in modern usage, trade or commerce carried on without such restrictions as import duties, export bounties, domestic production subsidies, trade quotas, or import licenses. ..... Click the link for more information. . BibliographySee F. W. Hirst, ed., Free Trade and other Fundamental Doctrines of the Manchester School (1903, repr. 1968); W. D. Grampp, The Manchester School of Economics (1960). Manchester schoolPolitical and economic school of thought led by Richard Cobden and John Bright that originated in meetings of the Manchester Chamber of Commerce in 1820 and dominated the British Liberal Party in the mid-19th century. Its followers believed in laissez-faire economic policies, including free trade, free competition, and freedom of contract, and were isolationist in foreign affairs. Its adherents tended to be businessmen, not theorists. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The groups that supported the League did not share a coherent ideology, nor had they all read and understood the central tenets of classical political economy; the so-called Manchester School was heterogeneous in composition and outlook, and even the term itself, as is well known, was a retrospective construct, coined by Benjamin Disraeli in 1848. 2000), "Monetary Policy and Asset Price", The Manchester School (Supplement), pp. Manchester School District decision that the legal challenge fails because there is no constitutional requirement that government fund private schools. |
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