"The rebellious war now levied is become more general, and is manifestly carried on for the purpose of establishing an independent empire. I need not dwell upon the fatal effects of the success of such a plan. The object is too important, the spirit of the British nation too high, the resources with which God hath blessed her too numerous, to give up so many colonies which she has planted with great industry, nursed with great tenderness, encouraged with many commercial advantages, and protected and defended at much expence of blood and treasure."
"It is now become the part of wisdom, and (in its effects) of clemency, to put a speedy end to these disorders by the most decisive exertions. For this purpose, I have increased my naval establishment, and greatly augmented my land forces ... "
- King George III's Address to Parliament, 27 October 1775
"The Wealth of Nations" was published in 1776, a year usually associated with America
Adam Smith was the first modern economist. Thus, his publishing of "The Wealth of Nations" in the year 1776 is often seen as symbolic. Like the
American war of independence, "The Wealth of Nations" was a revolution - although not in
politics or war, but in economic thinking. It is the first modern work on
economics, and is rightly respected today for its influence ... and brilliance.
But Adam Smith was a Scotsman, and was thus British
But because the symbolism of the year is associated with
America, it's easy to assume that Adam Smith was an American. Actually, he was a
Scotsman, and was thus
British - a citizen of the very mother country we were at war against. Because of this, you might think that he was unsympathetic to our
war of independence. But as someone who has studied
"The Wealth of Nations," I can tell you that this is not the case. He actually was sympathetic with the
American Revolution, and I can prove this with some quotes from the book.