583 B
583 B
Sea-Sticks
Definition
Herrings caught and cured at sea during fishing voyages, requiring additional processing and salting before becoming merchantable for market sale.
Source Chapter
Book IV, Chapter 5
Context
Smith uses sea-sticks as an example in his critique of herring fishery bounties, showing how government subsidies can distort natural market prices and encourage inefficient production methods.
Economic Domain
Production