1.1 KiB
Free Burgh
Definition
A town or city granted special privileges and exemptions from feudal obligations, where inhabitants enjoy personal liberty, property rights, and the ability to engage in trade without the constraints imposed on rural serfs. Free burghs represent urban centers that achieved economic and political autonomy through royal charters, establishing their own governance structures and economic regulations distinct from the feudal system.
Source Chapter
Book III, Chapter 3
Context
Smith discusses how towns evolved from collections of servile tradesmen into autonomous economic entities. He explains that when towns were granted perpetual farm rents and associated privileges, they became "free burghs" - urban centers where inhabitants gained the same freedoms previously reserved for rural landowners. This transformation was crucial for the development of commercial society and the emergence of market economies.
Economic Domain
Regulation