Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
It is worth while here to note Smith’s steady devotion to Fox and Burke,
who represented the Rockingham branch of the Whig party. He was faithful
found among innumerable false, for he approved alike of Fox’s
resignation in 1782 rather than serve under Shelburne, and of his fatal
coalition with Lord North in the following year.[45] It may seem strange
to those who think of Adam Smith only as the founder of free trade that
he should have been a Foxite, and especially that he should have
remained one in the last decade of his life, when commercial questions
were uppermost, and when Shelburne first, and then Pitt, set themselves
to translate the _Wealth of Nations_ into laws and treaties. But, as we
have tried to show, he never allowed economical considerations to weigh
in the scale with political liberty; and the clue to his distrust of
Shelburne and Pitt is his dislike of the King as a corrupter of
politics, and of the Court as a corrupter of morals. Shelburne and Pitt
exalting the King and the executive would have depressed the House of
Commons. Rockingham, Fox, and Burke sought manfully, and not
unsuccessfully, so to maintain and glorify constitutional usages as to
check and limit the power of the King. This single consideration was
enough to determine the allegiance of a truly republican heart.
Burke, moreover, was in every way a sympathetic figure. His measure of
economical reform had docked the resources of patronage, and sensibly
relieved the burdens of the taxpayer. And his views about commercial
liberty coincided with Smith’s own. About this time a happy chance
brought the two friends together. In the autumn of 1783 Burke was
elected Lord Rector of the University of Glasgow, and early in the
following April, during the general election which overwhelmed the
Whigs, Burke, having saved his own seat at Malton, paid a visit to
Scotland. He stayed a few days in Edinburgh, and then, accompanied by
Adam Smith, Lord Maitland,[46] and others, went on to Glasgow to be
installed in his new office. On the day of their arrival (Friday, April
9) they supped with that stalwart Whig, John Millar, the Professor of
Law. On Sunday, Smith and Maitland took Burke to see Loch Lomond, and
made their way back by Carron to Edinburgh, which they reached on the
following Wednesday. Next day Burke, with a company of Smith’s Edinburgh
friends, dined at Panmure House. On Friday the great orator returned to
England extremely pleased by his reception in Scotland, and leaving
behind him many friends and admirers. One of these has preserved some
particulars of the visit. “Smith, Dugald, and I,” wrote Dalzel, “had
more of his company than anybody in this country, and we got a vast deal
of political anecdote from him and fine pictures of political characters
both dead and living.” Burke advised Lord Maitland, if he had ambition
and wanted office, to abandon the Whig party. “Shake us off: give us
up.” Smith said cheerfully that “in two years things would come about
Public-domain text, read in full here on John Shaqi.
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