Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
But the very early influence of the _Wealth of Nations_ in the English
political world is established by much better proofs than quotations
in Parliament. It had actually shaped parts of the policy of the
country years before it was ever publicly alluded to in either House.
The very first budget after its publication bore its marks. Lord North
was then on the outlook for fresh and comparatively unburdensome means
of increasing the revenue, and obtained valuable assistance from the
_Wealth of Nations_. He imposed two new taxes in 1777, of which he got
the idea there; one on man-servants, and the other on property sold by
auction. And the budget of 1778 owed still more important features to
Smith's suggestions, for it introduced the inhabited house duty so
strongly recommended by him, and the malt tax.[253] Then in the
following year 1779 we find Smith consulted by statesmen like Dundas
and the Earl of Carlisle on the pressing and anxious question of
giving Ireland free trade. His answers still exist, and will appear
later on in this work.[254]
FOOTNOTES:
[244] _Hume MSS._, R.S.E.
[245] Burton's _Life of Hume_, ii. 487.
[246] Buckle's _History of Civilisation_, ed. 1869, i. 214.
[247] Butler's _Reminiscences_, i. 176.
[248] _Parliamentary History_, xxiii. 1152.
[249] _Parliamentary History_, xxix. 834.
[250] _Ibid._, xxx. 330, 334.
[251] Stewart's _Works_, x. 87.
[252] Cockburn's _Memorials of My Own Time_, p. 174.
[253] See Dowell's _Taxation_, ii. 169.
[254] See below, pp. 350, 352.
CHAPTER XIX
THE DEATH OF HUME
1776
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