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Adam smith: A defence economist


  • Fanny Coulomb


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.

Suggested Citation

  • Fanny Coulomb, 1998. "Adam smith: A defence economist," Defence and Peace Economics, Taylor & Francis Journals, vol. 9(3), pages 299-316.
  • Handle: RePEc:taf:defpea:v:9:y:1998:i:3:p:299-316 DOI: 10.1080/10430719808404905

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    Cited by:

    1. Anderton,Charles H. & Carter,John R., 2009. "Principles of Conflict Economics," Cambridge Books, Cambridge University Press, number 9780521875578, March.
    2. repec:bpj:pepspp:v:23:y:2017:i:2:p:14:n:5 is not listed on IDEAS
    3. 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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    Adam Smith; Defence economics;


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