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Adam smith: A defence economist

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  • Fanny Coulomb
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    Abstract

    For Smith, “defence” is presented as one of the three big areas requiring the “expenses of the sovereign or Commonwealth”, and therefore justifying state intervention in the economy, beside “justice” and “public works and public institutions”. Against the mercantilist thought, Smith considers that the process of liberalization is a condition of disarmament and peace. It supposes mainly the decolonization, the reduction of defence burden, the eradication of slavery, the denunciation of the mercantilist policy, and the international respect of free trade. Development is both a consequence of liberalization and the main cause of peace.

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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Defence and Peace Economics.

    Volume (Year): 9 (1998)
    Issue (Month): 3 ()
    Pages: 299-316

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    Handle: RePEc:taf:defpea:v:9:y:1998:i:3:p:299-316

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    Keywords: Adam Smith; Defence economics;

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    Cited by:
    1. Charles Anderton, 2003. "Economic theorizing of conflict: Historical contributions, future possibilities," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(3), pages 209-222.

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