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Adam Smith
Beginning of paper
, a brilliant eighteenth-century Scottish political economist, had the
advantage of judging the significance ol colonies by a rigorous examination
based on the colonial experience of 300 years. His overview has a built-in bias:
he strongly disapproved of excessive regulation of colonial trade by parent
countries. But his analysis is rich .... Middle of paper
.... upon British policy. Because the Declaration of Independence and
The Wealth of Nations, the political and economic reliations of empire and
mercantilism, appeared in the same year, historians have often designated 1776
as one of the turning points in modern history. The text On the cost of Empire,
the eloquent exhortation to the rulers of Britain to awaken from their grandiose
dreams of empire, is the closing passage of Smith's book.
Adam Smit ....
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Number of words: 4978
Number of pages: 19 (approx. 250 words per double-spaced page)
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