Scholarly Comments on Academic Economics

Of Its Own Accord: Adam Smith on the Export-Import Bank

by

Read this article

Access statistics
4,372 article downloads
7,976 complete issue downloads
Total: 12,348

Abstract

This article assembles quotations by Adam Smith regarding bounties—subsidies paid to producers for their productions, usually for export. The quotations presented here suggest, perhaps, what Adam Smith would say today about the Export-Import Bank of the United States. The export subsidies that Smith treated were bounties paid directly to exporters, whereas those of the Export-Import Bank principally take the form of subsidized credit. But the form does not much affect most of Smith’s analysis of export subsidization.

in

Download this article

Volume (Issue)
Pages
479–487
Published
JEL classification
B12, F1
Keywords
Bounties, export subsidization, Export-Import Bank, mercantilism, Adam Smith, liberal, free trade
Downloads
4,372 article downloads
7,976 complete issue downloads
Total: 12,348

Discuss this article!