822 B
822 B
Colonial Economic Justice
Definition
The fairness of economic arrangements between colonies and the mother country, including the distribution of costs and benefits, the respect for property rights, and the provision of equal treatment under commercial law. Just arrangements promote stability and mutual benefit.
Source Chapter
Book IV, Chapter 7
Context
Smith argues that current colonial arrangements lack economic justice, imposing disproportionate burdens on the mother country while restricting colonial development. He contends that more just arrangements allowing greater economic freedom would produce better outcomes for all parties.
Economic Domain
Regulation