JaLCDOI 10.18926/OER/56483
Title Alternative Productive Power of Labour and Exchange Value in Adam Smith
FullText URL oer_050_3_017_023.pdf
Author Niimura, Satoshi|
Publication Title Okayama Economic Review
Published Date 2019-03-15
Volume volume50
Issue issue3
Start Page 17
End Page 23
ISSN 2433-4146
language 日本語
Copyright Holders Copyright © 2019 岡山大学経済学会
File Version publisher
NAID 120006583659
JaLCDOI 10.18926/OER/55673
Title Alternative Support for Big Government : Evolution of Adam Smith’s View on Taxation from Lectures on Jurisprudence to The Wealth of Nations
FullText URL oer_049_2_001_015.pdf
Author Niimura, Satoshi|
Abstract Adam Smith is well known as an archetypal, leading economist and advocate of laissez-faire capitalism. In fact, Smith analyses the autonomous mechanism of a market economy, criticises mercantile protection, and strongly advocates a free trade policy. However, a considerable number of Smith’s interpreters such as J.Viner have recognised that Smith himself offers many exceptions to laissez-faire. Interestingly, most of the exceptions are not presented in Lectures on Jurisprudence( LJ); they appear for the first time in The Wealth of Nations( WN). Rather than inconsistencies in the passing, these references seem to reflect a conscious shift in Smith’s policy principle from laissez-faire with a small government to state intervention under a big government. In WN, Smith maintains support for the laissez-faire approach only in the area of foreign trade, and prescribes state intervention in other areas such as banking, financial markets, public works and institutions, and taxation. This article focuses particularly on the evolution of Smith’s view on taxation from LJ to WN. Smith insists in LJ that taxation should be minimised so as not to interfere with the behaviour of various economic agents and the autonomous mechanism of a market economy. However, Smith renounces his fundamental idea of taxation in WN, which indicates support for the imposition of heavier taxes on the rich and reduced taxes on the poor. He proposes an increase in land tax and rejects taxes on profit and wages. He favours various types of progressive taxes and criticises regressive ones, concerning land, houses, and toll, among others. Notably, Smith strongly supports various kinds of “taxes upon the capital value of lands, houses and stock” such as succession tax, land tax, house-rent tax and“ stampduties and duties of registration” indirectly taxed on interest.
Publication Title Okayama Economic Review
Published Date 2018-02-26
Volume volume49
Issue issue2
Start Page 1
End Page 15
ISSN 2433-4146
language 日本語
Copyright Holders Copyright © 2018 岡山大学経済学会
File Version publisher
NAID 120006398872
Author Niimura, Satoshi|
Published Date 1999-03-10
Publication Title 岡山大学経済学会雑誌
Volume volume30
Issue issue4
Content Type Journal Article