Four Introductory Lectures on Political EconomySenior, Nassau William
General
Four Introductory Lectures on Political Economy
Senior, Nassau William
Economics
His inquiries seem to have produced on his own mind, and on the minds
of his disciples, effects resembling those which would be created by
the discovery of a map by a party who had been long wandering in an
imperfectly known country. His map, indeed, was often inaccurate,
but the points in which it was correct were the most important, and
its errors, such as they were, were not detected by those to whom
he offered it. Few men have ever presented to the human mind a more
interesting subject of inquiry, and few have had a more devoted band
of disciples. La Riviere, Mirabeau, Turgot, and the other writers
forming the school called the French Economists, all implicitly adopted
Quesnay’s opinions, and engaged zealously in their propagation.
The inquiry which Quesnay originated was pursued, and with still
greater success, by Adam Smith. Smith was superior to Quesnay, and
perhaps to every writer since the times of Aristotle, in the extent
and accuracy of his knowledge. He was, on the whole, as original a
thinker as Quesnay, without being equally subject to the common defect
of original thinkers, a tendency to push his favourite theories to
extremes; and in the far greater freedom then allowed to industry
in Great Britain than in France, and in the greater publicity with
us of the government receipt and expenditure, he possessed far
greater advantages as an observer. With these high qualifications and
favourable opportunities, and assisted by a style unequalled in its
attractiveness, he has almost completely superseded the labours of his
predecessors. The few who read their writings, read them not in the
hope of obtaining the instruction which they were intended to afford,
but as sources of historical information, or as examples of the errors
to which powerful minds may be subject in the infancy of a study.
Public-domain text, read in full here on John Shaqi.
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