Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
Twenty-three years afterwards there is an entry in the diary of Samuel
Rogers: “Adam Smith said Turgot was an honest, well-meaning man, but
unacquainted with the world and human nature; that it was his maxim (he
mentioned it to Hume, but never to Smith) that whatever is right may be
done.” This is certainly not Adam Smith’s whole mind about Turgot, for
whom he entertained a lively admiration. But undoubtedly he considered
that his own obligations to the French School of Political Economy began
and ended with Quesnai, and we know that he intended at one time to
dedicate his book to the author of the _Economic Table_. Turgot,
Morellet, Rivière, and the rest were interpreters of Quesnai—disciples,
not masters.
Quesnai was the inventor of a new system, the founder of a sect, and the
wielder of whatever influence that sect exerted on the _Wealth of
Nations_. Smith’s intercourse with Quesnai and the physiocrats, as well
as a careful study of their writings, accounts for some important
developments of theory which distinguish his book from his lectures, and
particularly the attention he there pays to the problem of distribution,
as well as a distinct though moderated bias towards agriculture as the
most productive of pursuits. He was not a physiocrat. Indeed his
criticism of the distinctive doctrine of the school, that all wealth
comes from the soil, was felt to be convincing and final. But he went a
long way with them, and some of his most important practical conclusions
coincided with theirs. No reader of the ninth chapter of Smith’s fourth
book could doubt that Smith knew Quesnai as well as Quesnai’s _Table_,
which had been published in 1758 and was regarded with an almost
superstitious veneration by the whole sect. If the doubt existed, it
would be dispelled by a curious piece of evidence. Of the half-dozen
letters he wrote from France that have been preserved, the longest,
dated Compiègne, August 26, 1766, is to Charles Townshend, and describes
some anxious moments in which he had called in the aid of the king’s
physician. The Duke of Buccleuch had been to Compiègne to see the camp
and to hunt with the King and the Court, and after hunting had eaten too
heartily of a cold supper with a vast quantity of salad and some cold
punch. Sickness and fever followed. The faithful tutor begged him to
send for a doctor:—
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account