Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
Now this journey to London in 1761 is memorable because it constituted
the economic "road to Damascus" for a future Prime Minister of
England. It was during this journey, I believe, that Smith had Lord
Shelburne for his travelling companion, and converted the young
statesman to free trade. In 1795 Shelburne (then become Marquis of
Lansdowne) writes Dugald Stewart: "I owe to a journey I made with Mr.
Smith from Edinburgh to London the difference between light and
darkness through the best part of my life. The novelty of his
principles, added to my youth and prejudices, made me unable to
comprehend them at the time, but he urged them with so much
benevolence, as well as eloquence, that they took a certain hold
which, though it did not develop itself so as to arrive at full
conviction for some few years after, I can truly say has constituted
ever since the happiness of my life, as well as the source of any
little consideration I may have enjoyed in it."[120]
Shelburne was the first English statesman, except perhaps Burke, who
grasped and advocated free trade as a broad political principle; and
though his biographer, Lord Edmond Fitzmaurice, attributes his
conversion to Morellet, it is plain from the letter to Stewart that
Morellet had only watered, it was Smith that sowed.
It is important, therefore, to fix if possible the date of this
interesting journey. It occurred, Lord Shelburne says, in his own
youth, and the only journeys to London Smith made during the period
which with any reasonable stretching may be called Shelburne's youth,
were made in 1761, 1763, and 1773. Now we have no positive knowledge
of Shelburne being in Scotland any of these years, but in 1761 his
brother, the Hon. Thomas Fitzmaurice, who had been studying under
Smith in Glasgow, and living in Smith's house, left Glasgow for
Oxford; and Shelburne, who, since his father's death that very year,
was taking, as we know from his correspondence with Sir William
Blackstone on the subject, a very responsible concern in his younger
brother's education and welfare, may very probably have gone to
Scotland to attend him back. This circumstance seems to turn the
balance in favour of 1761 and against the other two dates.
It is almost certain that the journey was not in 1773, for Shelburne
would hardly have thought of himself as so young at that date, six
years after he had been Secretary of State, and besides he had
probably cast off his prejudices by that time, and was already (as we
shall presently find) receiving instruction from Smith on colonial
policy in 1767; and whether it was 1761 or 1763, it in either case
shows at what a long period before the appearance of the _Wealth of
Nations_ Smith was advocating those broad principles which struck
Shelburne at the time for their "novelty," and were only fully
comprehended and accepted by him a few years afterwards.
Public-domain text, read in full here on John Shaqi.
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