A CRITICAL STUDY OF THE ECONOMICS OF
IMPERIALISM, WITH SPECIAL REFERENCE
TO THE IDEAS OF ADAM SMITH
PROFESSOR OF POLITICAL ECONOMY IN THE UNIVERSITY OF EDINBURGH
The rulers of Great Britain have, for more than a century past,
amused the people with the imagination that they possessed a great
empire on the west side of the Atlantic. This empire, however, has
hitherto existed in imagination only. It has hitherto been, not an
empire, but the project of an empire; not a gold mine, but the project
of a gold mine.-ADAM SMITH.
MACMILLAN AND CO., LIMITED
ST. MARTIN'S STREET, LONDON