Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
economic inquirers of the world that he meant to have dedicated the
_Wealth of Nations_ to Quesnay had the venerable French economist been
alive at the time of its publication. Smith was therefore a very
sympathetic associate of this new sect, though not a strict adherent.
It may be well to explain in a word to the general reader that this
sect were patriots and practical social and political reformers quite
as much as theoretical economists. They believed the condition of the
French people to have grown so bad as to be a grave danger to the
State, and they preached their system as a revelation of the only way
of salvation. They were too earnest for the Paris wits. Voltaire
always sneered at them till he came to know Turgot. Grimm calls them
"the pietists of philosophy," and Hume, bantering Morellet, wonders
how a man like Turgot could herd with such cattle, "the most
chimerical and the most arrogant that now exist since the annihilation
of the Sorbonne." But they were grappling with living problems, and
seeing into the real situation so much further than their
contemporaries, that an historian like de Tocqueville thinks the best
key to the Revolution is to be found in their writings. The malady of
the age, they held, was the ever-increasing distress of the
agricultural population. The great nobles, the financiers, the
farmers-general, the monopolists, were very rich; but the
agriculturists--the vast body of the people--were sinking into a
hopeless impoverishment, for between tithes and heavy war taxes and
farmer-generals' extortions, and the high rents which, to Turgot's
despair, the smaller peasantry would persist in offering without
reflecting in the least on the rise in their burdens,--between all
these things, the net product of agriculture--what was left in the
hands of the cultivator after all expenses were paid away--was getting
less and less every year, and the ruin of the peasantry meant the ruin
of the nation. "Poor peasants, poor kingdom," said they; "poor
kingdom, poor king."
Public-domain text, read in full here on John Shaqi.
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