Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
When he passes from commercial considerations to the larger aspects of
freedom and good government, his wisdom is no less manifest. What
Ireland most wants, he writes, are order, police, and a regular
administration of justice, both to protect and to restrain the inferior
ranks of people: “articles more essential to the progress of industry
than both coal and wood put together, and which Ireland must continue to
want as long as it continues to be divided between two hostile nations,
the oppressors and the oppressed, the Protestants and the Papists.” He
then points out that what the monopolists dread (the prosperity of
another country) is not an evil but a good:—“Should the industry of
Ireland, in consequence of freedom and good government, ever equal that
of England, so much the better would it be not only for the whole
British Empire, but for the particular province of England. As the
wealth and industry of Lancashire does not obstruct but promote that of
Yorkshire, so the wealth and industry of Ireland would not obstruct but
promote that of England.” For exactly the same reasons he wanted free
trade with France, and with the whole world. If it is good for one man
to trade freely with another, for a town with a town, and for a county
with a county, how can it be otherwise than good for countries to trade
freely together? An economist who strikes at the last proposition should
hail Smith’s humorous project of a tariff which would secure Scotland a
vintage as well as a harvest.
Much more might be said upon a subject that enters into the politics of
every State, and vitally affects the welfare of every struggling toiler
in the universe. But the purpose of this chapter will be fulfilled if it
restores to Adam Smith his identity as the protagonist in a great
contest, as the champion of the right to trade with all the world,
against those who stand for privileges, monopolies, and tariffs.
According to Bagehot, Smith’s name can no more be dissociated from free
trade than Homer’s from the siege of Troy. “So long as the doctrines of
protection exist—and they seem likely to do so, as human interests are
what they are, and human nature is what it is—Adam Smith will always be
quoted as the great authority on Anti-Protectionism, as the man who
first told the world the truth, so that the world could learn and
believe it.”
CHAPTER XI
LAST YEARS
(1776-1790)
Public-domain text, read in full here on John Shaqi.
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