Project Gutenberg #3300
The Wealth of Nations
Adam Smith
1776Smith's political economy classic, prepared chapter by chapter from Project Gutenberg HTML for vocabulary-focused reading.
Project Gutenberg #3300 Public domain in the United States Cover source Local typographic cover created for MojiMori from public-domain source metadata
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AI Summary
Book IV, Chapter IV: Of Drawbacks Central question What are drawbacks, and do they make trade freer? Main argument Drawbacks are rebates of duties when goods are exported after being taxed on import or domestic...
by all the rest of their fellow-subjects, will appear hereafter, when I come to treat of colonies.
Drawbacks, however, it must always be understood, are useful only in those cases in which the goods, for the exportation of which they are given, are really exported to some foreign country, and not clandestinely re-imported into our own. That some drawbacks, particularly those upon tobacco, have frequently been abused in this manner, and have given occasion to many frauds, equally hurtful both to the revenue and to the fair trader, is well known.