Introduction: America's Business with China -- Founding a Free, Trading Republic -- The Paradox of a Pacific Policy -- Troubled Waters -- Sovereign Rights, or America's First Opium Problem -- The Empire's New Roads -- This Slave Trade of the Nineteenth Century -- A Propped-Open Door -- Death of a Trade, Birth of a Market.

Economic theory and a growing body of empirical research support the idea that economic freedom is an important ingredient to long-run economic prosperity. However, the determinants of economic freedom are much less understood than the benefits that freedom provides. Economic Freedom and Prosperity addresses this major gap in our knowledge. If private property and economic freedom are essential for achieving and maintaining a high standard of living, it is crucial to understand how improvements in these areas have been achieved and whether there are lessons that can be replicated in less free areas of the world today. In this edited collection, contributors investigate this research question through multiple methodologies. Beginning with three chapters that theoretically explore ways in which economic freedom might be better achieved, it then moves on to a series of empirical chapters that examine questions including the speed and permanence of reform, the deep long-run determinants of economic freedom, the relationship between voice and exit in impacting freedom, the role of crises in generating change, and immigration. Finally, the book considers the evolution of freedom in China, development economics, and international trade, and it concludes with a consideration of what is necessary to promote a humane liberalism consistent with economic freedom. Economic Freedom and Prosperity will be of great interest to all social scientists concerned with issues of institutional change. It will particularly appeal to those concerned with economic development and the determinants of an environment of economic freedom.

A ground-breaking account of British and French efforts to channel their eighteenth-century geopolitical rivalry into peaceful commercial competition Britain and France waged war eight times in the century following the Glorious Revolution, a mutual antagonism long regarded as a "Second Hundred Years' War." Yet officials on both sides also initiated ententes, free trade schemes, and colonial bargains intended to avert future conflict. What drove this quest for a more peaceful order? In this highly original account, John Shovlin reveals the extent to which Britain and France sought to divert their rivalry away from war and into commercial competition. The two powers worked to end future conflict over trade in Spanish America, the Caribbean, and India, and imagined forms of empire-building that would be more collaborative than competitive. They negotiated to cut cross-channel tariffs, recognizing that free trade could foster national power while muting enmity. This account shows that eighteenth-century capitalism drove not only repeated wars and overseas imperialism but spurred political leaders to strive for global stability.

Following the Second World War, the United States would become the leading 'neoliberal' proponent of international trade liberalization. Yet for nearly a century before, American foreign trade policy was dominated by extreme economic nationalism. What brought about this pronounced ideological, political, and economic about-face? How did it affect Anglo-American imperialism? What were the repercussions for the global capitalist order? In answering these questions, The 'Conspiracy' of Free Trade offers the first detailed account of the controversial Anglo-American struggle over empire and economic globalization in the mid- to late-nineteenth century. The book reinterprets Anglo-American imperialism through the global interplay between Victorian free-trade cosmopolitanism and economic nationalism, uncovering how imperial expansion and economic integration were mired in political and ideological conflict. Beginning in the 1840s, this conspiratorial struggle over political economy would rip apart the Republican Party, reshape the Democratic Party, and redirect Anglo-American imperial expansion for decades to come.

Reformer, intellectual, colonial governor, Sir John Bowring (1792–1872) was the archetype of the ambitious men who made Britain the leading global power in the 19th century. Born to a modest trading family, he showed an aptitude for languages which led him to literature, then to radical politics in the struggles for liberty in France, Spain and Greece. Taken up by the philosopher Jeremy Bentham, he became a figure in the literary world. But his emphasis was on action rather than theories. He became a high-profile advocate of free trade and a liberal foe of Karl Marx. As member of parliament he supported full suffrage and other radical causes. He modernized Britain’s public accounts, invented the florin as a first step to decimalization, and became an industrial entrepreneur. Losing his money in the 1848 slump, he took a job as consul in Canton, which led to the governorship of Hong Kong. As Britain’s plenipotentiary in East Asia he negotiated a key treaty with King Mongkut of Siam but also started a war with China. His term as Governor of Hong Kong (1854–59) was plagued with problems. But there as elsewhere he left a legacy of liberal ideas. Bowring’s impact was spread over so many fields that his name has been eclipsed by those with a narrower focus. This book brings his life and disparate achievements together, with a particular emphasis on his role in promoting free trade and his much criticized career in Asia. “John Bowring (1792–1872) was one of the most interesting and influential of Hong Kong’s Governors. The career of this polymath exemplified an understanding of the relationship between economic and political freedom. This scholarly and very readable biography, written by one of Asia’s most distinguished journalists, shows how free trade became part of Hong Kong’s DNA.” —Chris Patten, Governor of Hong Kong, 1992–97 “Biographers shun polymaths. As a linguistic genius, free-wheeling entrepreneur, hymnist, colonial governor, Oriental plenipotentiary and the champion of self-determination, freedom of conscience and, above all, free trade, Bowring has had to wait nearly 150 years for a comprehensive but candid account that does justice to his extraordinary range of achievements. That it comes from a kinsman with an equal breadth of vision is an added bonus.” —John Keay, author of China: A History and The Honourable Company: A History of the English East India Company “One hundred and forty years after his death, John Bowring finally has the biography his eventful and enterprising life deserves. From the pages of this fast-paced and well-written biography, Bowring emerges not as the heinous villain who tricked Britain into launching a nasty imperialist war against China in 1858, but as a multifaceted character dedicated to political reform, religious freedom, and above all free trade. Philip Bowring acknowledges that John Bowring was vain, prone to overhasty action, and lacking in judgment, but also that he lived his life by the ideas for which he stood, had an astonishing command of foreign languages, was a dedicated family man, and made an impact throughout East and Southeast Asia which is still felt in many ways today. This is a remarkable book on a remarkable life.” —Hans van de Ven, Professor of Modern Chinese History, Cambridge University