642 B
642 B
Colony Economic System Outcomes
Definition
The actual results and consequences of colonial economic arrangements, which Smith argues have often fallen short of their intended goals due to the fundamental flaws in mercantilist economic thinking.
Source Chapter
Book V, Chapter 3
Context
Smith evaluates the outcomes of various colonial economic systems, concluding that many have been disappointing or even harmful due to their basis in outdated economic theories.
Economic Domain
Regulation