Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
Professor Thorold Rogers thinks the influences of Turgot's reasoning
on Smith's mind to be easily perceptible to any reader of the
_Formation and Distribution of Wealth_ and of the _Wealth of Nations_.
Dupont de Nemours once went so far as to say that whatever was true in
Smith was borrowed from Turgot, and whatever was not borrowed
from Turgot was not true; but he afterwards retracted that
absurdly-sweeping allegation, and confessed that he had made it before
he was able to read English; while Leon Say thinks Turgot owed much of
his philosophy to Smith, and Smith owed much of his economics to
Turgot.[164] Questions of literary obligation are often difficult to
settle. Two contemporary thinkers, dealing with the same subject under
the same general influences and tendencies of the time, may think
nearly alike even without any manner of personal intercommunication,
and the idea of natural liberty of trade, in which the main
resemblance between the writers in the present case is supposed to
occur, was already in the ground, and sprouting up here and there
before either of them wrote at all. Smith's position on that subject,
moreover, is so much more solid, balanced, and moderate than Turgot's,
that it is different in positive character; the extremer form of the
doctrine taught by Turgot appears to have been taught also by Smith in
earlier years and abandoned. At least the fragment published by
Stewart of Smith's Society paper of 1755--eleven years before Turgot
wrote his book or saw Smith--proclaims individualism of the extremer
form, and intimates that he had taught the same views in Edinburgh in
1750. Smith had thus been teaching free trade many years before he met
Turgot, and teaching it in Turgot's own form; he had converted many of
the merchants of Glasgow to it and a future Prime Minister of
England; he had probably, moreover, thought out the main truths of the
work he was even then busy upon. He was therefore in a position to
meet Turgot on equal terms, and give full value for anything he might
take, and if obligations must needs be assessed and the balance
adjusted, who shall say whether Smith owes most to the conversation of
Turgot or Turgot owes most to the conversation of Smith? The state of
the exchange cannot be determined from mere priority of publication;
no other means of determining it exist, and it is of no great moment
to determine it at all.
Public-domain text, read in full here on John Shaqi.
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