Adam Smith proposed three contradictory theories of the British Empire in the Wealth of Nations. The first view holds that the empire was created for merchants eager to monopolize the colonial trade. Smith concludes that “Great Britain derives nothing but loss” from the colonies. In the...

This paper explores the future EU-UK post-Brexit trade relations as they can be prefigured on the eve of the UK Parliament third final vote on the Withdrawal Agreement. In its first part, the paper provides a critical evaluation of the Article 50 TEU framework of EU-UK future trade relationship...

Some pro-Brexit MPs will not vote for the government's proposed Withdrawal Agreement because of its fine print: they think it will be written in indelible tablets of law that we can never change. But they forget that sovereign states will not indefinitely stay in treaties that do not suit them,...