Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
The monopoly of medical education which this regulation
would establish in favour of universities would, I
apprehend, be hurtful to the lasting prosperity of such
bodies corporate. Monopolists very seldom make good work,
and a lecture which a certain number of students must
attend, whether they profit by it or no, is certainly not
very likely to be a good one. I have thought a great deal
upon this subject, and have inquired very carefully into the
constitution and history of several of the principal
universities of Europe; I have satisfied myself that the
present state of degradation and contempt into which the
greater part of these societies have fallen in almost every
part of Europe arises principally, first, from the large
salaries which in some universities are given to professors,
and which render them altogether independent of their
diligence and success in their professions; and secondly,
from the great number of students who, in order to get
degrees or to be admitted to exercise certain professions,
or who, for the sake of bursaries, exhibitions,
scholarships, fellowships, etc., are obliged to resort to
certain societies of this kind, whether the instructions
which they are likely to receive there are or are not worth
the receiving. All these different cases of negligence and
corruption no doubt take place in some degree in all our
Scotch universities. In the best of them, however, these
cases take place in a much less degree than in the greater
part of other considerable societies of the same kind; and I
look upon this circumstance as the real cause of their
present excellence. In the Medical College of Edinburgh in
particular the salaries of the professors are insignificant.
There are few or no bursaries or exhibitions, and their
monopoly of degrees is broken in upon by all other
universities, foreign and domestic. I require no other
explication of its present acknowledged superiority over
every other society of the same kind in Europe.
Public-domain text, read in full here on John Shaqi.
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