Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
A good example of this eclecticism is his treatment of Mandeville, an
author from whom Smith no less than Rousseau derived many fruitful
ideas. In the first edition of _The Moral Sentiments_ (p. 474) he
writes:—
“There are, however, some other systems which seem to take away
altogether the distinction between vice and virtue, and of which the
tendency is upon that account wholly pernicious: I mean the systems of
the Duke of Rochefoucauld and Dr. Mandeville. Though the notions of
both these authors are in almost every respect erroneous, there are,
however, some appearances in human nature which, when viewed in a
certain manner, seem at first sight to favour them. These, first
slightly sketched out with the elegance and delicate precision of the
Duke of Rochefoucauld, and afterwards more fully represented with the
lively and humorous, though coarse and rustic, eloquence of Dr.
Mandeville, have thrown upon their doctrine an air of truth and
probability which is very apt to impose upon the unskilful.”
Bishop Butler, more justly, classed Rochefoucauld with Hobbes. But in
Smith’s sixth edition (1790) the name of Rochefoucauld was omitted, at
the instance of the Duke’s grandson, who pointed out that the author of
the Maxims is not really in the same category with Mandeville. Coarse
and licentious, but entertaining and ingenious, the author of the _Fable
of the Bees_ hit human nature hard. He traced virtuous actions to
vanity, and whittled away the distinction between vice and virtue, until
he reached the paradox that private vices are public benefits. But this
profligate system could never have caused so much stir and alarm in the
world “had it not in some respects bordered upon the truth.” We are very
easily imposed upon by the most absurd travellers’ tales about distant
countries. But falsehoods about the parish we live in must, if they are
to deceive us, bear some resemblance to the truth, nay, “must even have
a considerable mixture of truth in them.” A natural philosopher has an
analogous advantage over the speculator in ethics. The vortices of
Descartes passed for nearly a century as a most satisfactory account of
the revolutions of heavenly bodies, though they neither existed nor
could possibly exist, and though if they did exist they could not
produce such effects as were ascribed to them. But the moral philosopher
is no better off than the parish liar. He is giving an account of things
that are constantly before us, around us, and within us. “Though here,
too, like indolent masters who put their trust in a steward that
deceives them, we are very liable to be imposed upon, yet we are
incapable of passing any account which does not preserve some little
regard to the truth.”
Public-domain text, read in full here on John Shaqi.
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