Critique of Mercantilism

From The Wealth of Nations by Adam Smith
Book IV is a sustained polemic against the mercantile system's conflation of wealth with gold and silver and its policies of trade restriction, bounties, and colonial monopolies.
Book IV, Chapter I

Attack on the mercantilist confusion of money with wealth.

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Book IV, Chapter III

Critique of restraints on imports as products of merchant lobbying serving private monopoly, not the public good.

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Book IV, Chapter VIII

'Consumption is the sole end and purpose of all production'; producer interests have been wrongly preferred to consumer interests.

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