Book IV, Chapter IX
The classic statement of the system of natural liberty and the three proper duties of the sovereign: defense, justice, and certain public works.
Read in Books4Free →Free Trade and the System of Natural Liberty
From The Wealth of Nations by Adam Smith
Smith advocates dismantling the mercantile system in favor of a 'system of natural liberty' wherein every man, so long as he does not violate justice, is free to pursue his own interest his own way.
Book IV, Chapter II
Defends free importation but allows exceptions for defense (Navigation Acts) and equalizing taxes.
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