Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
Franklin's remark may have itself undergone enlargement before it
appeared in print, but though it may have been exaggerated, there
seems no ground for rejecting it altogether. Smith became acquainted
with Franklin in Edinburgh in 1759, and could not fail to see much of
him in London, because some of the most intimate of his own London
friends, Sir John Pringle and Strahan, for example, were also among
the most intimate friends of Franklin. Then a considerable proportion
of the additions, which we know from the text of the _Wealth of
Nations_ itself to have been made to the work during this London
period, bear on colonial or American experience.[233] And as Smith
always obtained a great deal of his information from the conversation
of competent men, no one would be more likely than Franklin to be laid
under contribution or to be able to contribute something worth
learning on such questions. The biographer of Franklin states that his
papers which belong to this particular period "contain sets of
problems and queries as though jotted down at some meeting of
philosophers for particular consideration at home," and then he adds:
"A glance at the index of the _Wealth of Nations_ will suffice to show
that its author possessed just that kind of knowledge of the American
Colonies which Franklin was of all men the best fitted to impart. The
allusions to the Colonies may be counted by hundreds; illustrations
from their condition and growth occur in nearly every chapter. We may
go further and say that the American Colonies constitute the
experimental evidence of the essential truth of the book, without
which many of its leading positions had been little more than
theory."[234] It ought of course to be borne in mind that Smith had
been in the constant habit of hearing much about the American Colonies
and their affairs during his thirteen years in Glasgow from the
intelligent merchants and returned planters of that city.
Public-domain text, read in full here on John Shaqi.
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