724 B
724 B
Economic System Sustainability
Definition
The capacity of economic arrangements to maintain their effectiveness and continue producing desired outcomes over extended periods without depleting resources or undermining the foundations that support their operation.
Source Chapter
Book IV, Chapter 0
Context
While not explicitly discussed by Smith in this chapter, the concept of sustainability is implied in his discussion of different systems and their ability to achieve long-term objectives of enriching both the people and the sovereign.
Economic Domain
General Theory