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CONTENTS
CHAPTER I
PAGE
EARLY YEARS
CHAPTER II – THE BEGINNING OF A CAREER
CHAPTER III – THEOLOGY AND RELIGIOUS ESTABLISHMENTS
CHAPTER IV – “THE THEORY OF MORAL SENTIMENTS”
CHAPTER V – IN THE GLASGOW CHAIR THE LECTURES ON JUSTICE
AND POLICE
CHAPTER VI – GLASGOW AND ITS UNIVERSITY
CHAPTER VII – THE TOUR IN FRANCE
CHAPTER VIII – POLITICS AND STUDY, 1766-76
CHAPTER IX – THE “WEALTH OF NATIONS” AND ITS CRITICS
CHAPTER X – FREE TRADE
CHAPTER XI – LAST YEARS
ADAM SMITH was born on June 5, 1723, in the “langtoun” of Kirkcaldy. It was one of the ” mony royalboroughs yoked on end to end like ropes of ingans, with their hie-streets and their booths, and their kraemes and houses of stane and lime and forestairs,” which led Andrew Fairser vice to contrast “the kingdom of Fife ” with the inferior county of Northumberland; nay, it furnished him with a special boast,” Kirkcaldy, the sell o’t, is langer than ony toun in England.” It had been a royal borough from the time of Charles I., and had declined, like many other Scotch towns, in the religious wars of the seventeenth century. Many of its citizens who had fought for the Covenant had fallen on the fatal field of Tippermuir. But it still contained about 1500 inhabitants, who were variously employed as colliers, fishermen, salters, nailmakers, and smugglers. From the harbour you might walk a mile or more westward along the High Street, enjoying from time to time a glimpse of the sea and shelving beach, where the line of shops opened for a narrow “wynd,” or a still narrower “close” threaded the high-walled gardens of a few substantial houses. In one of these Adam Smith wrote the Wealth of Nations, and probably in one of these he was born. The father, who died a few weeks before the birth of his only child, had been a leading towns-man. Adam Smith the elder was a man of note in his own day. From 1707 to his death he was a Writer, i.e. solicitor, and Judge Advocate for Scotland. He had acted as private secretary to Lord Loudon, then Minister for Scotland; and Loudon, on leaving office in 1713, obtained for his secretary the Comptroller-ship of Customs at Kirkcaldy a post worth about 100 a year.
His widow lived to a great age, and saw her boy rise step by step to the fullness of fame. She is said to have been an over-indulgent mother; but her devotion was repaid by the life-long love of a most tender son. Mrs. Smith’s maiden name was Margaret Douglas, and she was the daughter of the Laird of Strathendry, in the county of Fife. At Strathendry the future economist had a narrow escape ; for one day as he played at the door he was picked up and carried off by a party of vagrant tinkers. Luckily he was soon missed, pursued and overtaken in Leslie Wood; and thus, in the grandiose dialect of Dugald Stewart, there was preserved to the world “a genius, which was destined, not only to extend the boundaries of science, but to enlighten and reform the commercial policy of Europe.”
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