One Conclusion and Two Explanations: Bentham’s Economic Analysis of International Trade

In this chapter Nathalie Sigot argues that Bentham’s interest in international trade lies in the consideration of the redistributive effects of trade and its consequences on happiness for one’s society. Sigot demonstrates that Bentham’s view on international trade changed between 1786 and 1821, when the principle of the limitation of industry by capital disappeared from his writings. Sigot explains how Bentham’s approach is driven by a focus on security and on a calculus of gains and losses in terms of happiness.