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The Life of Adam Smith$
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Ian Simpson Ross

Print publication date: 1995

Print ISBN-13: 9780198288213

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198288212.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 13 April 2021

Economic Theorist as Commissioner of Customs

Economic Theorist as Commissioner of Customs

(p.320) 19 Economic Theorist as Commissioner of Customs
The Life of Adam Smith

Ian Simpson Ross

Oxford University Press

Smith's correspondence of this period of his life suggests that he believed that raising a revenue in a non‐discriminatory way did not gravely affect the tendency towards price equilibrium on which economic efficiency depends. There was also the necessity of providing for justice, education, and public works in Scotland. Smith was consequently willing, on the grounds of utility, to regulate and enforce the mercantile system, even though he viewed some of its features as unwise and unjust, for example, prohibiting certain imports and punishing smugglers harshly. Smith's activities as an administrative judge and director of import police are assessed, and highlights of his service are described, such as his coastguard command role in gathering intelligence about the entry of John Paul Jones with units of the American navy, supported by France, into the Firth of Forth in September 1779. As well, his views of this time about the issue of free trade for Ireland are examined.

Keywords:   enforce, equilibrium, regulate, revenue, smugglers

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