Political thought in England from Locke to Bentham — John Locke — John Shaqi
Political thought in England from Locke to Bentham
John Locke · en
Herein it might appear that Adam Smith had novelty to contribute; yet
nothing is more certain than that his full sense of the world as the
only true unit of marketing was fully grasped before him. In 1691 Sir
Dudley North published his _Discourses upon Trade_. Therein he clearly
sees that commercial barriers between Great Britain and France are
basically as senseless as would be commercial barriers between Yorkshire
and Middlesex. Indeed, in one sense, North goes even further than Adam
Smith, for he argues against the usury laws in terms Bentham would
hardly have disowned. Ten years later an anonymous writer in a tract
entitled _Considerations on the East India Trade_ (1701) has no
illusions about the evil of monopoly. He sees with striking clarity that
the real problem is not at any cost to maintain the industries a nation
actually possesses, but to have the national capital applied in the most
efficient channels. So, too, Hume dismissed the Mercantile theory with
the contemptuous remark that it was trying to keep water beyond its
proper level. Tucker, as has been pointed out, was a free trader, and
his opinion of the American war was that it was as mad as those who
fought "under the peaceful Cross to recover the Holy Land"; and he
urged, indeed, prophesied, the union with Ireland in the interest of
commercial amity. Nor must the emphasis of the Physiocrats upon free
trade be forgotten. There is no evidence now that Adam Smith owed this
perception to his acquaintance with Quesnay and Turgot; but they may
well have confirmed him in it, and they show that the older philosophy
was attacked on every side.