Jump to ContentJump to Main Navigation
The Life of Adam Smith$
Users without a subscription are not able to see the full content.

Ian Simpson Ross

Print publication date: 1995

Print ISBN-13: 9780198288213

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198288212.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 12 December 2019

The American Crisis and The Wealth of Nations

The American Crisis and The Wealth of Nations

Chapter:
(p.248) 15 The American Crisis and The Wealth of Nations
Source:
The Life of Adam Smith
Author(s):

Ian Simpson Ross

Publisher:
Oxford University Press
DOI:10.1093/0198288212.003.0015

From 1773 until 1776, Smith remained in London ‐adding finishing touches to WN, whose publication was timed to seize Parliament's attention, and influence Members to support a peaceful resolution of the conflict with the American colonies. North America offered a major point of application for free‐market theory, and if Smith could win supporters, there was some hope of ending the cycle of violence induced by efforts to preserve the old colonial system involving economic restraints and prohibitions. Smith advocated the creation of an Atlantic union, which would accommodate economic dynamism, develop new political institutions, and allow a place for the revolutionary spirit to be exercised. He foresaw that the pace of American economic growth would inevitably guarantee that leadership would pass from Britain to the former colonies. On an entirely different front at this period, Smith, in commenting on a proposal for reform in university medical education, revealed the strength of his endorsement of competition and detestation of monopolies of any kind.

Keywords:   colonies, growth, monopolies, restraints, prohibitions

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .