By Say J.-B.
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This striking passage, in which reproduction is more clearly characterised than m uny part of Dr. Smiths writings, did not lead its author to any important conclusions, but merely gave birth to a few scattered hints. A want of connexion in his views, and of precision in his terms, have rendered his Essay so vague and obscure, that no mfltructio • whatever can be derived from it. INTRODUCTION. rigorous deductions from an indisputable principle, the)1 nave only been assailed by individuals, either too careless to have thoroughly understood the principle, or of such perverted understandings as to be wholly incapable of seizing the connexion or relation between any two ideas.
S lectures. t The present Emperor Nicholas. AMERICAN EDITOB. INTRODUCTION. \[v other; which on the one side will naturally induce Jess oppression, and on the other beget more confidence. At present, authors who venture to write upon politics, history, and d fortiori upon finance, commerce, and the arts, without any previous knowledge of the principles of political economy, only produce works of temporary success, that do not succeed in fixing public attention. But what has chiefly contributed to the advancement of political economy, is the grave posture of affairs in the civilized world during the last thirty years.
In 1764, Genovesi commenced a course of public lectures on political economy, in the chair founded at Naples by the care of the highly esteemed and learned Intieri. In consequence of this exampie, other professorships of political economy were afterwards established at Milan, and more recently in most of the universities in Germany and Russia. In 1750, the abbe Galiani, so weli known since from his connexion with many of the French philosophers, and by his Dialogues on the Corn Trade, although at that time a very young man, published a Treatise on Money, which discovered such uncommon talents and information, as to • Breve Trattato d*U-e cause che possono far abondare li regni d'oro et d'argento dow ton son, miniere INTRODUCTION.