This edition updates key statistics while keeping the core argument that Free Trade serves Britain best, even as it confronts the practical realities of competition, taxation, and policy choice.

This book argues that trade is a service exchange among nations, and that the right policy depends on understanding how protection and retaliation affect workers, producers, and consumers. It foregrounds the balance between economic theory and real-world outcomes, including the risks and benefits of tariffs, colonial preferences, and dumping.

Learn how Free Trade and Protection differ in theory and in their practical effects on prices, wages, and employment
See how tariffs can function as indirect taxation and who ultimately bears the cost
Explore the debates around retaliation, dumping, and the strategic uses of Colonial Preference
Understand how trade policy intersects with national politics and imperial considerations

Ideal for readers of economic history and policy debate, and for anyone seeking a clear, accessible view of how trade rules shape everyday life.

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