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Extract entities, map to VSM, and synthesize analysis.
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Economic Autonomy

Definition

The degree of freedom granted to economic actors to make decisions about production, exchange, and investment without external interference or coercion from government authorities or other controlling entities.

Source Chapter

Book IV, Chapter 5

Context

Smith advocates for maximum economic autonomy consistent with systemic stability, arguing that individuals are best positioned to make decisions about their own economic interests.

Economic Domain

General Theory