Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
The Rockinghams carried the Repeal of the Stamp Act; but the effect of
this wise and generous policy was marred by a Declaratory Act for better
securing the dependence of His Majesty’s dominions in America, which set
forth the supremacy of Parliament over all the colonies and its right to
impose taxes. At the end of July, after the conclusion of a satisfactory
session, the Marquis of Rockingham was suddenly, to the surprise of the
nation, ejected from office by the king, and a new ministry of strangely
assorted talents, with Chatham at its head, in which Shelburne, Charles
Townshend, the Duke of Grafton, and Camden were the leading figures, was
pushed into office. Accordingly when Adam Smith returned to England he
found not only that those commercial, fiscal, and colonial questions in
which he was so deeply versed were the first questions in politics, but
also that the two statesmen with whom he was most intimate occupied two
of the most important posts—for Charles Townshend was Chancellor of the
Exchequer, and Shelburne was a Secretary of State.
These events sufficiently explain why a real statesman like Shelburne,
one of the leading members of the ministry, was seeking information at
the beginning of the session of 1767 upon colonial topics. It seems
astonishing to us now that the Roman analogy should have so exercised
the minds of practical statesmen; but Greek and Latin were the only
subjects in those days with which educated members of the governing
classes were sure to be familiar, and it was to these men in Parliament
that political arguments were exclusively addressed. Probably Shelburne
wanted classical precedents to check his colleagues from reverting to a
coercive policy, and was anxious to meet the argument from Rome that had
been used in the debates of the previous year. At any rate, he had asked
help of Adam Smith, and received the following reply, which was more
helpful than it should have been: “Within these two days I have looked
over everything I can find relating to the Roman colonys. I have not yet
found anything of much consequence.... They seem to have been very
independent. Of thirty colonys of whom the Romans demanded troops in the
second Carthaginian War, twelve refused to obey. They frequently
rebelled and joined the enemies of the republic; being in some measure
little independent republics, they naturally followed the interests
which their peculiar situation pointed out to them.” His first studies
on Roman colonisation had a decidedly whiggish complexion. Further
reading led him to the juster view expressed in the _Wealth of Nations_,
that a Roman colony was quite different from the autonomous Greek
ἀποικία, “at best a sort of corporation, which, though it had the power
of enacting byelaws for its own government, was at all times subject to
the correction, jurisdiction, and legislative authority of the mother
country.” And this explains why the Greek colonies were so much more
Public-domain text, read in full here on John Shaqi.
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