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infospace: process book-4-chapter-03

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Extract entities, map to VSM, and synthesize analysis.
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-03 -->
# Balance of Trade Doctrine
## Definition
The mercantilist theory that a nation's economic prosperity depends on exporting more goods and services than it imports, thereby accumulating gold and silver through a favourable balance of trade. This doctrine assumes that international trade is a zero-sum game where one nation's gain is another's loss.
## Source Chapter
Book IV, Chapter 3
## Context
Smith's central target of critique in this chapter, which he argues is based on "national prejudice and animosity" rather than sound economic reasoning. He demonstrates how the doctrine leads to irrational trade restrictions and mutual impoverishment between nations.
## Economic Domain
General Theory
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