Donald Boudreaux and Douglas Irwin on free-trade tips from 1846
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An anniversary for free traders
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What were the Corn Laws?
The most infamous Corn Laws were the protectionist measures brought in by the British government in 1815, which restricted the amount of foreign grain that could be imported into the country.
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Duty-free grain from overseas was only permitted if the price at home had reached 80 shillings per quarter for wheat (a quarter being roughly one-fifth of a tonne) â a price that was never achieved in the 30 years that the laws applied â 50 shillings for rye and 40 shillings for barley. Later, harsh import duties were also implemented that made buying from abroad unaffordable.
Why were they implemented?