Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
It was not mentioned in the House of Lords till 1793, when in the
debate on the King's Message for an Augmentation of the Forces it was
referred to by Smith's two old friends, the Earl of Shelburne (now
Marquis of Lansdowne) and Alexander Wedderburn (now Lord Loughborough,
and presiding over the House as Lord Chancellor, of England). The
Marquis of Lansdowne said: "With respect to French principles, as they
had been denominated, those principles had been exported from us to
France, and could not be said to have originated among the population
of the latter country. The new principles of government founded on the
abolition of the old feudal system were originally propagated among us
by the Dean of Gloucester, Mr. Tucker, and had since been more
generally inculcated by Dr. Adam Smith in his work on the _Wealth of
Nations_, which had been recommended as a book necessary for the
information of youth by Mr. Dugald Stewart in his _Elements of the
Philosophy of the Human Mind_." The Lord Chancellor in replying merely
said that "in the works of Dean Tucker, Adam Smith, and Mr. Stewart,
to which allusion had been made, no doctrines inimical to the
principles of civil government, the morals or religion of mankind,
were contained, and therefore to trace the errors of the French to
these causes was manifestly fallacious."[250]
Lord Lansdowne's endeavour to shield Smith's political orthodoxy under
the countenance lent to his book by so safe and trusted a teacher of
the sons of the Whig nobility as Dugald Stewart, is hardly less
curious than his unreserved identification of the new political
economy with that moving cloud of ideas which, under the name of
French principles, excited so much alarm in the public mind of that
time. For Dugald Stewart was in that same year 1793 (on the evenings
of 21st January and 18th March) reading his _Memoir of Adam Smith_ to
the Royal Society of Edinburgh, and he tells us himself (in 1810) how
he was compelled to abandon the idea of giving a long account of
Smith's opinions which he intended to have done, because at that
period, he says, "it was not unusual, even among men of some talents
and information, to confound studiously the speculative doctrines of
political economy with those discussions concerning the first
principles of government, which happened unfortunately at that time to
agitate the public mind. The doctrine of a Free Trade was itself
represented as of a revolutionary tendency, and some who had formerly
prided themselves on their intimacy with Mr. Smith, and on their zeal
for the propagation of his liberal system, began to call in question
the expediency of subjecting to the disputation of philosophers the
arcana of State policy, and the unfathomable wisdom of feudal
ages."[251] People's teeth had been so set on edge by the events in
France that, as Lord Cockburn tells us, when Stewart first began to
give a course of lectures in the University on political economy in
Public-domain text, read in full here on John Shaqi.
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