Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
whether Smith had seen much or anything of Hume personally at that
time (for Hume had been abroad with General St. Clair part of it, and
did not live in Edinburgh after his return), it was in those and the
two previous years that Smith was first brought into real intellectual
contact with his friend and townsman, James Oswald.
Oswald, it may be mentioned, though still a young man--only eight
years older than Smith--had already made his mark in Parliament where
he sat for their native burgh, and had been made a Commissioner of the
Navy in 1745. He had made his mark largely by his mastery of economic
subjects, for which Hume said, after paying him a visit at Dunnikier
for a week in 1744, that he had a "great genius," and "would go far in
that way if he persevered." He became afterwards commissioner of trade
and plantations, Lord of the Treasury, and Vice-Treasurer of Ireland,
and would have certainly gone further but for his premature death in
1768 at the age of fifty-two. Lord Shelburne once strongly advised
Lord Bute to make him Chancellor of the Exchequer. Smith thought as
highly of Oswald as Hume. He used to "dilate," says Oswald's grandson,
who heard him, "with a generous and enthusiastic pleasure on the
qualifications and merits of Mr. Oswald, candidly avowing at the same
time how much information he had received on many points from the
enlarged views and profound knowledge of that accomplished
statesman."[24] Dugald Stewart saw a paper written by Smith which
described Oswald not only as a man of extensive knowledge of economic
subjects, but a man with a special taste and capacity for the
discussion of their more general and philosophical aspects. That
paper, we cannot help surmising, is the same document of 1755 I have
just mentioned in which Smith was proving his early attachment to the
doctrines of economic liberty, and would naturally treat of
circumstances connected with the growth of his opinions. However that
may be, it is certain that Smith and Oswald must have been in
communication upon economic questions about that period, and Oswald's
views at that period are contained in the correspondence to which
reference has been made.
Public-domain text, read in full here on John Shaqi.
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