25 lines
685 B
Markdown
25 lines
685 B
Markdown
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-5-chapter-02 -->
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# Economy in Taxation
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## Definition
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The principle that the collection of taxes should be accomplished with
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minimal expense and economic distortion, ensuring that the cost of collection
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does not exceed the revenue generated and that taxes do not unnecessarily
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discourage productive activity.
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## Source Chapter
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Book V, Chapter 2
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## Context
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Smith identifies this as the fourth of his four maxims, arguing that
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economic efficiency in taxation is essential for maximizing revenue while
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minimizing the burden on the economy.
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## Economic Domain
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General Theory
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