Life of Adam Smith. John Rae

Life of Adam Smith - John Rae


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some infernal web about him.

      Dugald Stewart further states, on the authority of gentlemen who were students in the moral philosophy class at Glasgow in 1752 or 1753, that Smith delivered so early as that lectures containing the fundamental principles of the Wealth of Nations; and in 1755—the year Cantillon's Essai first saw the light, and the year before Quesnay published his first economic writing—Smith was not only expounding his system of natural liberty to his students, but publicly asserting his claim to the authorship of that system in a Glasgow Economic Society—perhaps the first economic club established anywhere. The paper in which Smith vindicates this claim came somehow into the possession of Dugald Stewart, and so escaped the fire to which Smith committed all his other papers before his death, but it is believed to have been destroyed by Stewart's son, very possibly after his father's directions. For Stewart thought it would be improper to publish the complete manuscript, because it would revive personal differences which had better remain in oblivion, and consequently our knowledge of its contents is confined to the few sentences which he has thought right to quote as a valuable evidence of the progress of Smith's political ideas at that very early period. It will be observed that, as far as we can collect from so small a fragment of his discourse, he presents the doctrine of natural liberty in a more extreme form than it came to wear after twenty years more of thought in the Wealth of Nations. Stewart says that many of the most important opinions in the Wealth of Nations are detailed in this document, but he cites only the following:—

      The distinction drawn in the last sentence between that place, Edinburgh, and this place, shows that the paper was read to a society in Glasgow. Smith was a member of two societies there, of which I shall presently have something more to say, the Literary Society and a society which we may call the Economic, because it met for the discussion of economic subjects, though we do not know its precise name, if it had any. Now this paper of Smith's was not read to the Literary Society—at least, it is not included in the published list of papers read by it—and we may therefore conclude that it was read to the Economic Society.

      Nothing is now known of the precise circumstances in which the paper originated, except what Stewart tells us, that Smith "was anxious to establish his exclusive right" to "certain leading principles both political and literary," "in order to prevent the possibility of some rival claims which he thought he had reason to apprehend, and to which his situation as a professor, added to his unreserved communications in private companies, rendered him peculiarly liable"; and that he expressed himself "with a good deal of that honest and indignant warmth which is perhaps unavoidable by a man who is conscious of the purity of his intentions when he suspects that advantages have been taken of the frankness of his temper." It would appear that some one, who had got hold of Smith's ideas through attending his class or frequenting his company, either had published them, or was believed to be going to publish them as his own.

      The writer of the obituary notice of Smith in the Monthly Review


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