Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
the winter 1801-2, the mere term "political economy" made them start.
"They thought it included questions touching the constitution of
governments, and not a few hoped to catch Stewart in dangerous
propositions."[252]
The French Revolution seems to have checked for a time the growing
vogue of Smith's book and the advance of his principles in this
country, just as it checked the progress of parliamentary and social
reform, because it filled men's mind with a fear of change, with a
suspicion of all novelty, with an unreasoning dislike of anything in
the nature of a general principle. By French principles the public
understood, it is true, much more than the abolition of all commercial
and agrarian privilege which was advocated by Smith, but in their
recoil they made no fine distinctions, and they naturally felt their
prejudices strongly confirmed when they found men like the Marquis of
Lansdowne, who were believers in the so-called French principles and
believers at the same time in the principles of Adam Smith, declaring
that the two things were substantially the same. Whether and how far
Smith or Tucker had any influence on that development of opinion which
eventuated in the Revolution, it would be difficult to gauge. Before
Lord Lansdowne made this speech in 1793 two different translations of
the _Wealth of Nations_ into French had already been published; a
third (by the Abbe Morellet) had been written but not published, and a
fourth was possibly under way, for it appeared in a few years. The
first and worst of these translations, moreover (Blavet's), had
already gone through three separate editions, after having originally
run through a periodical in monthly sections for two years. These are
all tokens that the work was unquestionably influencing French
opinion.
But if the French Revolution stopped for a time, as is most likely,
the onward advance of Smith's free-trade principles, it does not seem
to have exercised the same effect on the actual sale of the book. I do
not know whether the successive editions were uniform in number of
copies, but as many editions of the _Wealth of Nations_--four English
and one Irish--appeared between the years 1791 and 1799 as between the
years 1776 and 1786, and since none was called for from 1786 till
1791, the edition of 1786 took longer to sell off than the subsequent
editions of 1791, 1793, and 1796. It is quite possible--indeed it is
only natural--that the wave of active antagonism which, according to
Stewart's testimony, rose against the principles of the book after the
outbreak of the French Revolution would have helped on the sale of
the book itself by keeping it more constantly under public attention,
discussion, and, if you will, vituperation. The fortune of a book,
like that of a public man, is often made by its enemies.
Public-domain text, read in full here on John Shaqi.
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