<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Letters

Letters: What Adam Smith would say about Trump’s tariffs

6 October 2018

9:00 AM

6 October 2018

9:00 AM

What would Smith say?

Sir: Adam Smith’s writings were so definitive that it is said one can find the kernel of every modern branch of economics within them. But Jesse Norman is surely wrong to imply Smith would see merit in Trump’s tariffs (‘Politics trumps trade’, 29 September). Not only did Smith, as Norman points out, regard import taxes as ‘unnecessary’ and ‘absurd’, but he also derided the ‘man of system [who] seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chessboard’.

Already a subscriber? Log in

As the US decides, so can you

Subscribe today and get a $50 Amazon gift card if you correctly predict the next US president.

  • Unlimited access to spectator.com.au
  • The weekly edition on the Spectator Australia app
  • Spectator podcasts and newsletters
  • Full access to spectator.co.uk
Or

Unlock this article

REGISTER

You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.


Comments

As the US decides, so can you

Subscribe today and get a $50 Amazon gift card if you correctly predict the next US president.

Already a subscriber? Log in

Close