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- W1970225379 abstract "In Chapter 2, Book IV, of The Wealth of Nations , Adam Smith assesses the appropriateness of the policy of tariff retaliation or reciprocity. His deliberations are prefaced by a discussion of two rather innocuous cases that turn out to have very little to do with the main topic. In the first case it is advantageous “to lay some burden upon foreign, for the encouragement of domestic industry” ( WN , p. 463) when that particular industry is necessary for the defence of the country. Smith's second case refers to the situation when some domestic tax is being imposed on a good produced at home. In this situation Smith believed it reasonable that an equal tax should be imposed on the same good when it was imported ( WN , p. 465)." @default.
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- W1970225379 date "2000-03-01" @default.
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- W1970225379 title "Unilateral Free Trade Versus Reciprocity inThe Wealth of Nations" @default.
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- W1970225379 doi "https://doi.org/10.1080/104277100112536" @default.
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