Author Results for Richard W. Unger

Warships, Cargo Ships and Adam Smith: Trade and Government in the Eighteenth Century

By Richard W. Unger

In The Wealth of Nations (1776), Adam Smith argued against current economic policies related to trade and the navy, giving them less credit for positive long-term growth in the British economy than they deserved.  This essay suggests that Smith’s negative focus on government debt and expenditure must be balanced by acknowledgement that government intervention contributed […] Read More

Filed under: Other (Eighteenth C)
Subjects include: Merchant Marines | Navies