In this chapter Smith gets into restrictions on trade in some detail. In brief, he argues that restricting trade, while not always a mistake, will never be advantageous economically to society as a whole, but at most to certain small sections of it. He address balance of trade, and makes some interesting points. In brief, [...]
TWoN Book 4 Chapter 3
December 8th, 2009 · 3 Comments
Tags: Steve · The Wealth of Nations