Colonialism Was Not the Key to Britain’s Industrial Boom
1 May 2024
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Economics
Economics
Kristian Niemietz writes for The Express
1 May 2024
Economic Theory
11 November 2024
IEA research featured in The Sun & The Mail
New research by IEA Editorial Director Kristian Niemietz studying the costs and benefits of colonialism has been featured in The Daily Mail.
The article said:
“Dr Niemietz has argued that colonialism made only a ‘minor contribution’ to Britain’s economic development, ‘and quite possibly none at all’, with the benefits outweighed by the military and administrative cost of running an empire.
“He added that the trans-Atlantic slave trade was no more important to the British economy than sheep-farming or brewing, and most trade was with North America and Western Europe rather than the colonies, even if some individuals did become ‘very rich’ from ‘overseas engagement’.”
Read the full article here.
Kristian’s research was also featured in The Sun (print, 01/05/2024) and GB News.
Read a full copy of Imperial Measurement: A Cost–Benefit Analysis of Western Colonialism.
The article said:
“Dr Niemietz has argued that colonialism made only a ‘minor contribution’ to Britain’s economic development, ‘and quite possibly none at all’, with the benefits outweighed by the military and administrative cost of running an empire.
“He added that the trans-Atlantic slave trade was no more important to the British economy than sheep-farming or brewing, and most trade was with North America and Western Europe rather than the colonies, even if some individuals did become ‘very rich’ from ‘overseas engagement’.”
Read the full article here.
Kristian’s research was also featured in The Sun (print, 01/05/2024) and GB News.
Read a full copy of Imperial Measurement: A Cost–Benefit Analysis of Western Colonialism.
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