An Inquiry Into the Nature and Causes of the Wealth of Nations — John Shaqi
An Inquiry Into the Nature and Causes of the Wealth of NationsSmith, Adam
General
An Inquiry Into the Nature and Causes of the Wealth of Nations
Smith, Adam
Economics
Several authors, in this country, had before written on commercial
affairs, but Mr. Smith was the first who reduced to a regular form and
order the information that was to be obtained on that subject, and
deduced from it the policy which an enlightened commercial nation ought
to adopt. The successful manner in which he has treated this unlimited
freedom of trade, as well as some others, and his able exposure of the
errors of the commercial system, have rendered the science of which he
treats highly interesting to the great body of the people; and a spirit
of inquiry, on every branch of political economy, has, in consequence,
been excited, which promises now, more than ever, to be attended with
the most beneficial effects. This intricate science, the most important
to the interests of mankind though long neglected, Dr. Smith has had the
merit of advancing so far, as to lay a foundation, on which, it may
safely be said, investigation may for a long time proceed.
It has frequently been alleged, that Dr. Smith was indebted for a large
portion of the reasonings in his Inquiry to the French economists, and
that the coincidence between some branches of his doctrine and theirs,
particularly those which relate to freedom of trade and the powers of
labour, is more than casual. But Professor Stewart has ably vindicated
him from this charge, and established his right to the general
principles of his doctrine, which, he thinks, were altogether original,
and the result of his own reflections. That he, however, derived some
advantage from his intimacy with Turgot, and those great men who were at
the head of the sect of economists, and, perhaps, adopted some of their
illustrations, it would be as unnecessary to deny, as it would he far
from discreditable to his talents to acknowledge.
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