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Lectures on Domestic Policy

Author

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  • Adam Smith

Abstract

Reproduced here are most of the lecture notes on domestic policy (“police”) from Adam Smith’s 1763–1764 course on jurisprudence at the University of Glasgow. The text comes from the edition of Edwin Cannan, published 1896 by the Clarendon Press at Oxford University. Smith steadily conveys the lesson that, as far as policy goes, the best available option is liberalization and freer enterprise. For example, he roundly endorses free banking, mentioning none of the exceptions found in The Wealth of Nations. The text provides a candid window on Smith’s ideological sensibilities, and it should figure in to characterizations of Smith’s liberalism.

Suggested Citation

  • Adam Smith, 2017. "Lectures on Domestic Policy," Econ Journal Watch, Econ Journal Watch, vol. 14(3), pages 430–473-4, September.
    • Handle: RePEc:ejw:journl:v:14:y:2017:i:3:p:430-473
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    File URL: https://econjwatch.org/1094
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    Citations

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    Cited by:

    1. Klein, Daniel B., 2021. "Conservative liberalism: Hume, Smith, and Burke as policy liberals and polity conservatives," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 861-873.

    More about this item

    Keywords

    Jurisprudence; liberalism; liberty;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)

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