Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
With all respect, this is a strange remark to fall from an editor of
the _Wealth of Nations_, for the evidences of continuous revision and
alteration during those four years are very numerous in the text of
the work itself. He made many changes or additions in 1773; for
example, the remarks on the price of hides,[219] in the chapter on
Rent, were written in February 1773; and those on the decline of
sugar-refining in colonies taken from the French, in the chapter on
the Colonies,[220] were written in October; while the passage on
American wages, in the chapter on Wages, was inserted some time in the
same year. The extensive additions in the chapters on the Revenue,
occasioned by reading the _Memoires concernant les Droits_, must have
been written after 1774, because Smith probably obtained that book
after Turgot became Minister in the middle of that year; his remarks,
in the chapter on Colonies, on the effects of recent events on the
trade with North America,[221] and his remarks on the Irish revenue in
the chapter on Public Debts, were added in 1775.[222] The chapter on
the Regulated Companies, in which the East India Company receives most
systematic attention, and which did not appear in the first edition of
the book, was apparently not written till 1782.[223]
The book therefore did not lie "unrevised and unaltered" in the
author's desk from 1772 to 1776; on the contrary, the chief cause of
the four years' delay was the revision and alteration to which it was
being incessantly subjected during that whole term. The particular
Indian appointment for which Pulteney had recommended him could have
nothing to do with the delay, inasmuch as the proposed office was
suppressed altogether within two months after this letter was written;
and even if he entertained expectations of any other sort from the
East India Company, there is no reason why he should on that account
have withheld his work from publication. The more elaborate criticism
of that Company in the chapter on Public Works did not appear in the
original edition of the book at all, but the only remarks on Indian
administration which did appear in that edition, although they are
merely incidental in character, are very strong and decided, and might
easily have been omitted, had the author been so minded, to please the
Company, without any injury to the general argument with which they
are connected.
Public-domain text, read in full here on John Shaqi.
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