Famed conservative, economist Adam Smith recognized the importance of a country’s domestic maritime industry for purposes of national security. As written in Smith’s An Inquiry into the Nature and Causes of the Wealth of Nations, he writes “as defense, however, is of much more importance than opulence, the act of navigation is, perhaps, the wisest of all the commercial regulations of England.”  Today, the defense of the United States, like Great Britain at the time of this book, depends very much upon a strong domestic shipping capability that sustains a pool of qualified mariners, a commercial shipbuilding and repair industrial base, and a shipping and logistics network to meet defense sealift needs.

Adam Smith Economist

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