Life of Adam Smith eBook

John Rae (educator)
This eBook from the Gutenberg Project consists of approximately 551 pages of information about Life of Adam Smith.

Life of Adam Smith eBook

John Rae (educator)
This eBook from the Gutenberg Project consists of approximately 551 pages of information about Life of Adam Smith.

Lord Lansdowne’s endeavour to shield Smith’s political orthodoxy under the countenance lent to his book by so safe and trusted a teacher of the sons of the Whig nobility as Dugald Stewart, is hardly less curious than his unreserved identification of the new political economy with that moving cloud of ideas which, under the name of French principles, excited so much alarm in the public mind of that time.  For Dugald Stewart was in that same year 1793 (on the evenings of 21st January and 18th March) reading his Memoir of Adam Smith to the Royal Society of Edinburgh, and he tells us himself (in 1810) how he was compelled to abandon the idea of giving a long account of Smith’s opinions which he intended to have done, because at that period, he says, “it was not unusual, even among men of some talents and information, to confound studiously the speculative doctrines of political economy with those discussions concerning the first principles of government, which happened unfortunately at that time to agitate the public mind.  The doctrine of a Free Trade was itself represented as of a revolutionary tendency, and some who had formerly prided themselves on their intimacy with Mr. Smith, and on their zeal for the propagation of his liberal system, began to call in question the expediency of subjecting to the disputation of philosophers the arcana of State policy, and the unfathomable wisdom of feudal ages."[251] People’s teeth had been so set on edge by the events in France that, as Lord Cockburn tells us, when Stewart first began to give a course of lectures in the University on political economy in the winter 1801-2, the mere term “political economy” made them start.  “They thought it included questions touching the constitution of governments, and not a few hoped to catch Stewart in dangerous propositions."[252]

The French Revolution seems to have checked for a time the growing vogue of Smith’s book and the advance of his principles in this country, just as it checked the progress of parliamentary and social reform, because it filled men’s mind with a fear of change, with a suspicion of all novelty, with an unreasoning dislike of anything in the nature of a general principle.  By French principles the public understood, it is true, much more than the abolition of all commercial and agrarian privilege which was advocated by Smith, but in their recoil they made no fine distinctions, and they naturally felt their prejudices strongly confirmed when they found men like the Marquis of Lansdowne, who were believers in the so-called French principles and believers at the same time in the principles of Adam Smith, declaring that the two things were substantially the same.  Whether and how far Smith or Tucker had any influence on that development of opinion which eventuated in the Revolution, it would be difficult to gauge.  Before Lord Lansdowne made this speech in 1793 two different translations of the Wealth of Nations into French had already

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Life of Adam Smith from Project Gutenberg. Public domain.