22 lines
722 B
Markdown
22 lines
722 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-06 -->
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# Economic System Transition Challenges
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## Definition
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The difficulties involved in moving from one economic system to another, including institutional changes, adjustment costs, and resistance from affected interests. Smith acknowledges these challenges while arguing for the necessity of economic reform.
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## Source Chapter
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Book IV, Chapter 6
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## Context
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Smith discusses the challenges involved in transitioning from mercantilist to market-based economic systems, acknowledging the difficulties while arguing for the long-term benefits of such reform.
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## Economic Domain
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General Theory
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---
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