An Inquiry into the Nature and Causes of the Wealth of Nations: Book IV, Chapter Vby@smitha
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An Inquiry into the Nature and Causes of the Wealth of Nations: Book IV, Chapter V

by Adam Smith62mJuly 3rd, 2022
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Bounties upon exportation are, in Great Britain, frequently petitioned for, and sometimes granted, to the produce of particular branches of domestic industry. By means of them, our merchants and manufacturers, it is pretended, will be enabled to sell their goods as cheap or cheaper than their rivals in the foreign market. A greater quantity, it is said, will thus be exported, and the balance of trade consequently turned more in favour of our own country. We cannot give our workmen a monopoly in the foreign, as we have done in the home market. We cannot force foreigners to buy their goods, as we have done our own countrymen. The next best expedient, it has been thought, therefore, is to pay them for buying. It is in this manner that the mercantile system proposes to enrich the whole country, and to put money into all our pockets, by means of the balance of trade.

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An Inquiry into the Nature and Causes of the Wealth of Nations

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