Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
in London was continuous I cannot say, but it would almost appear so
from the circumstance that nothing remains to indicate the contrary.
Those three years were spent upon the _Wealth of Nations_. Much of the
book as we know it must have been written in London. When he went up
to London he had no idea that any fresh investigations he contemplated
instituting there would detain him so long. He wrote Pulteney, as we
have seen, even in the previous September that the book would be
finished in a few months, and he led not only Hume but Adam Ferguson
also to look for its publication in 1773. In a footnote to the fourth
edition of his _History of Civil Society_, published in that year,
Ferguson says, "The public will probably soon be furnished (by Mr.
Smith, author of the _Theory of Moral Sentiments_) with a theory of
national economy equal to what has ever appeared on any subject of
science whatever." But the researches the author now made in London
must have been much more important than he expected, and have
occasioned extensive alterations and additions, so that Hume, in
congratulating him on the eventual appearance of the work in 1776,
writes, "It is probably much improved by your last abode in London."
Whole chapters seem to have been put through the forge afresh; and on
some of them the author has tool-marked the date of his handiwork
himself.
A very circumstantial account of Smith's London labours at the book
comes from America. Mr. Watson, author of the _Annals of
Philadelphia_, says: "Dr. Franklin once told Dr. Logan that the
celebrated Adam Smith when writing his _Wealth of Nations_ was in the
habit of bringing chapter after chapter as he composed it to himself,
Dr. Price, and others of the literati; then patiently hear their
observations and profit by their discussions and criticisms, sometimes
submitting to write whole chapters anew, and even to reverse some of
his propositions."[232]
Public-domain text, read in full here on John Shaqi.
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