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- W2473003075 abstract "The issue of Trade vs. Protectionism has been the subject of a lively and crucial debate in recent years, although with little Marxist participation. In this article, Marx's early writings on this question are examined. While Marx was neither a Trader nor a protectionist, he did consider free trade to be more compatible with industrial capitalism and conducive to general economic development than protectionism, which he associated with the era of merchant capitalism. In this historical sense, then, Marx preferred Free Trade to protection- ism. While this position cannot be carried over to today's con- ditions, it does contribute to the debate among Marxist econo- mists concerning the nature of different trade regimes in a world dominated by late capitalism. DEBATE CONCERNING FREE TRADE vs. protection- ism is as old as political economy. Economies and economic relations evolve and change; thus the need arises for new theories to explain these changes. This applies to theories of inter- national trade; the repeal of the Corn Laws in 1846, for example, was the culmination of a long evolution in the British economy. Marx participated in debates on the consequences of this repeal. In the early years of the 20th century, due to the emergence of the monopoly stage of capitalism and imperialism, prominent Marx- ists such as Lenin, Kautsky, Bukharin and Rosa Luxemburg were involved in a lively debate among themselves and with those who supported the colonial pattern of international trade. Again in the late 1960s and 1970s, Marxist economists were debating the role of trade. After many ex-colonies earned their political independence in the post- World War II years, their economic dependency and the role of the colonial pattern of international trade in the per- 38" @default.
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- W2473003075 date "1995-01-01" @default.
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- W2473003075 title "Marx on Free Trade" @default.
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