Liberalism "Of Restraints" by Adam Smith

The life of Britons would greatly improve in a post-Brexit world following Smith's "Invisible Hand". Seeing that this modus operandi is highlighted by the idea of individuals producing beneficial goods and services to society by pursuing self interest, having greater market access would increase the range of opportunity for industries. Britain's departure from the EU means they can settle new trade agreements on their own, this allows them to to seek more self-serving deals which in turn will lead to their economy growing.

Not only will industries in Britain benefit from more diverse trade deals, but also from the more relaxed business regulations. Regulations enforced by the EU are no longer in play, allowing Britons to explore different methods of doing business and innovate to produce new goods or services. For instance, participating in bilateral trading with other developed countries and unilateral trading can allow for the reduction or elimination of tariffs, export restraints, and etc. Just like more diverse trade deals, this leads to economic growth which will improve the life of Britons.

Economic growth is not the only way these two changes would improve the life of Britons either. Both lead to a wider range of markets for consumers to choose from, this of course means the competition providers face increases. This will force prices to drop as businesses compete for customers which greatly benefit the average day-to-day Briton.

Smith Wealth of Nations

Q2: Compare England's prevailing free trade orthodoxy - Cobdenism - to the time of Smith versus Palen?

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