Adam Smith

An Inquiry Into the Nature and Causes of the Wealth of Nations


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      An Inquiry Into the Nature and Causes of the Wealth of Nations

      SHORT ACCOUNT

      OF THE

      LIFE AND WRITINGS

      OF

      DR. ADAM SMITH

      Adam Smith, the celebrated author of 'An Inquiry into the Nature and Causes of the Wealth of Nations,' was born in the town of Kirkaldy, on the 5th of June 1723. His father, at an early period of life, practised as a writer to the signet in Edinburgh, and officiated as private secretary to the Earl of Loudon, during the time his Lordship was principal secretary of state in Scotland, and keeper of the great seal; but afterwards settled at Kirkaldy, where, for some time before his death, he held the office of comptroller of the customs. He died a few months before the birth of his son.

      The constitution of young Smith, during infancy, was so sickly as to require all the care and solicitude of his surviving parent, whose only child he was. The duty which thus devolved on his mother, it is allowed, she discharged in the most ample manner; and, indeed, carried her indulgence so far as to have drawn on herself, it has been said, some degree of blame. But it certainly does not appear that any bad consequences resulted, on this occasion, from unbounded parental fondness; nor can it be said, that any permanent disadvantage was felt by the retirement, and even seclusion, which long-continued weakness rendered necessary. To the inability of young Smith to engage in the active sports of his early companions, we ought, perhaps, to trace the foundation of those habits, and love of retirement, which distinguished him, in a peculiar manner, during a long life1.

      We are informed that Smith received the rudiments of education at the grammar-school of Kirkaldy; and, at that time, attracted some notice by his passion for books, and by the extraordinary powers of his memory. He was also observed, even at this early period of life, to have contracted those habits of absence in company, and of talking to himself, for which he was afterwards so remarkable.

      In 1737, he was sent to the university of Glasgow, where, it is said, he evinced an uncommon partiality for the study of mathematics and natural philosophy. Being designed for the English church, he left that place in about three years, and entered, in 1740, an exhibitioner on Snell's foundation, at Baliol college, Oxford. But to this celebrated seminary he acknowledged very slender obligations. He had, however, attained a solid foundation of knowledge, and also the precious habits of attention, and the most industrious application. Here he diligently pursued his favourite speculations in private, interrupted only by the regular calls of scholastic discipline. He cultivated, with the greatest assiduity and success, the study of the languages, both ancient and modern; and formed an intimate acquaintance with the works of the poets of his own country, as well as with those of Greece and Rome, France and Italy. Of the turns and delicacies of the English tongue, it has been observed, he then gained such a critical knowledge, as was scarcely to be expected from his northern education. With the view of improving his style, he employed himself in frequent translations, particularly from the French; a practice which he used to recommend to all who cultivate the art of writing. His modest deportment, and his secret studies, however, provoked, it has been said, the jealousy or the suspicion of his superiors. It has been mentioned, that the heads of the college having thought proper to visit his chamber, found him engaged in perusing Hume's Treatise of Human Nature, then recently published. This the reverend inquisitors seized, while they severely reprimanded the young philosopher.

      After a residence of seven years at Oxford, he returned, against the wishes of his friends, to Kirkaldy, the place of his nativity, where he lived for some time with his mother, without determining on any fixed plan of life; Mr. Smith having thus chosen to forego every prospect of church preferment, rather than do violence to his conscience by preaching a particular system of tenets.

      In 1748, being then in the twenty-fifth year of his age, he took up his residence in the capital of Scotland, when he first entered into public life, by delivering lectures, under the patronage of Lord Kames, on rhetoric and the belles lettres, which he continued for two years. These lectures were never published; but the substance of them appears to have been afterwards communicated to Dr. Blair, as he acknowledges, in his Lectures, to have been indebted to Dr. Smith for a manuscript treatise, from which he had taken several ideas in the eighteenth lecture, on the general characters of style, particularly the plain and the simple; and also the characters of those English authors belonging to the several classes in that and the following lecture.

      In 1751, he was chosen professor of logic in the university of Glasgow. Of the manner in which he discharged the duties of this important situation, it would be difficult now to present a more satisfactory account than that which has been given by one of his own pupils 'In the professorship of logic,' it is observed, 'Mr. Smith soon saw the necessity of departing widely from the plan that had been followed by his predecessors, and of directing the attention of his pupils to studies of a more interesting and useful nature than the logic and metaphysics of the schools. Accordingly, after exhibiting a general view of the powers of the mind, and explaining so much of the ancient logic as was requisite to gratify curiosity, with respect to an artificial mode of reasoning, which had once occupied the universal attention of the learned, he dedicated all the rest of his time to the delivery of a system of rhetoric and belles lettres.'

      During the following year, he was nominated professor of moral philosophy in the same university. By this appointment he was peculiarly gratified, and the duties of it he was well fitted to discharge, as it embraced the study of his favourite science, political economy, many of the doctrines of which, even then, had been familiarised to his mind. After entering on the duties of his new situation, he appears to have turned his attention to the division of the science of morals, which he was induced to divide into four parts. The first contained Natural Theology, in which he considered the proofs of the being and attributes of God, and those principles of the human mind upon which religion is founded. The second comprehended Ethics, strictly so called. In the third, he treated, at more length, of that branch of morality which relates to Justice, and which, being susceptible of precise and accurate rules, is capable of a more systematic demonstration. In the fourth, he examined these political regulations which are founded upon Expediency, and which are calculated to increase the riches, the power, and the prosperity of a state.

      His lectures on these subjects were always distinguished by a luminous division of the subject, and by fulness and variety of illustration; and as they were delivered in a plain unaffected manner, they were well calculated to afford pleasure as well as instruction. They, accordingly, excited a degree of interest, and gave rise to a spirit of inquiry in the great commercial city of Glasgow, from which the most favourable consequences resulted. His reputation extended so widely, that, on his account alone, a considerable number of students, from different parts of the country, were attracted to the university of that city; and the science which he taught became so popular, that even the trifling peculiarities in his pronunciation and manner of speaking, were often objects of imitation.

      During the time Mr. Smith was thus successfully engaged in his academical labours, he was gradually laying the foundation of a more extensive reputation. In the year 1759, he published his 'Theory of Moral Sentiments, or An Essay towards an Analysis of the Principles by which Men naturally judge concerning the Conduct and Character, first of their Neighbours, and afterwards of Themselves.' This work was founded on the second division of his lectures, and was divided into six parts: – The propriety of action: Merit and demerit, or the objects of reward and punishment: The foundation of our judgments concerning our own sentiments and conduct, and of the sense of duty: The effect of utility upon the sentiment of approbation: The influence of custom and fashion upon the sentiments of moral approbation and disapprobation: And, lastly, The character of virtue. To these were added, a brief view of the different systems of ancient and modern philosophy, which is universally acknowledged to be the most candid and luminous that has yet appeared.

      This Essay soon attracted a great share of the public attention, by the ingenuity of the reasonings, and the perspicuity with which they were displayed. The principle on which it is founded may be said to be, That the primary objects of our moral perceptions are the actions of other men; and that our moral judgments, with respect to our own conduct, are only applications to ourselves of decisions