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Adam Smith, America, and the Doctrinal Defeat of the Mercantile System

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  • C. R. Fay

Abstract

England's rivals, 304. — Each century had its spokesman: Malynes, 305; Mun, 306; Gee and Postlethwayt, 308. — The Wealth of Nations an attack on all three, 311. — To Smith foreign trade is internal trade internationalized, 312. — Defining mercantilism as protectionism obscures the issue, 314. — Three clues to Smith's significance: his realism, his balance, his creating as he builds, 315. — The place of America in Smith's thought, 315.

Suggested Citation

  • C. R. Fay, 1934. "Adam Smith, America, and the Doctrinal Defeat of the Mercantile System," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 48(2), pages 304-316.
  • Handle: RePEc:oup:qjecon:v:48:y:1934:i:2:p:304-316.
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