Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
“You will find in him too, if you come to know him better, some
qualities which from real and unaffected modesty he does not at first
discover; a refinement and depth of observation and an accuracy of
judgment, joined to a natural delicacy of sentiment, as much improved
as study and the narrow sphere of acquaintance this country affords
can improve it. He had, first when I knew him, a good deal of vivacity
and humour, but he has studied them away. He is an advocate; and
though I am sensible of the folly of prophesying with regard to the
future fortune of so young a man, yet I could almost venture to
foretell that if he lives he will be eminent in that profession. He
has, I think, every quality that ought to forward, and not one that
should obstruct his progress, modesty and sincerity excepted, and
these, it is to be hoped, experience and a better sense of things may
in part cure him of. I do not, I assure you, exaggerate knowingly, but
could pawn my honour upon the truth of every article.”
A cluster of these and many other stars formed, in 1754, a constellation
known as the Select Society, an institution, as we learn from Dugald
Stewart’s life of Robertson, “intended partly for philosophical inquiry,
and partly for the improvement of the members in public speaking.” It
was projected, he says, by Mr. Allan Ramsay, the painter, and a few of
his friends—Dr. Robertson, Mr. David Hume, Mr. Adam Smith, Mr.
Wedderburn (afterwards Lord Chancellor), Lord Kames, Mr. John Home, Dr.
Carlyle, and Sir Gilbert Elliot. Hailes, Monboddo, and Dalrymple were
also members. In the Select Society, writes Stewart, “the most splendid
talents that have ever adorned this country were roused to their best
exertions by the liberal and ennobling discussions of literature and
philosophy.”
When the projectors met in May 1754, Smith, who had come from Glasgow,
was required to explain the proposals. At the second meeting, as appears
from the minutes now preserved in the Advocates’ Library at Edinburgh,
he was “Præses,” and gave out as subjects for the next debate (1)
whether a general naturalisation of Foreign Protestantism would be
advantageous to Britain; and (2) whether bounties on the exportation of
corn would be advantageous to manufactures as well as to agriculture.
Public-domain text, read in full here on John Shaqi.
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