AIER revisits Adam Smith’s view of the American Revolution as both an economic and political break from mercantilism. The paper suggests Smith saw protectionism, monopoly power, and imperial overreach as forces that strained Britain’s relationship with the colonies and distorted national interest.
Economist and Revolutionary: Adam Smith and 1776
AIER
Samuel Gregg
Research
26 Pages
Key Takeaways
Mercantilism Raised Frictions: Smith saw tariffs, subsidies, and monopoly charters as policies that raised trade costs and restricted liberty for 13 colonies, making imperial ties harder to sustain.
Two Solutions Emerged: Smith outlined 2 long term options: full union through free trade and representation, or independence that could support a healthier future relationship.
Economics Explained Politics: The paper closes with 4 modern lessons, including how protectionism distorts national interest and how liberalization can reduce, though not eliminate, political conflict.
Join our newsletter to have all of this content + Exclusive Newsletter Bonus Content delivered to your inbox every week
