Book contents
- Frontmatter
- Contents
- Preface: A Liberal Framework for Inspiring Magnanimity in the Modern Commercial World
- Acknowledgements
- Introduction: Montesquieu’s Moderate Liberalism and the Scottish Enlightenment
- 1 From High Society to High Finance: John Law’s System and the Spectre of Modern Despotism
- 2 ‘Real Wealth’ versus ‘Fictional Wealth’ in an Age of High Finance: Montesquieu, Hume and Smith
- 3 ‘Ancient Prudence’ versus ‘Modern Prudence’: Montesquieu’s Response to James Harrington
- 4 Montesquieu and Hume’s English and French Affinities
- 5 Liberty and Honour in Britain and France
- 6 Montesquieu’s Honour
- 7 A Liberal Art for the Commercial World: Adam Smith and Adam Ferguson
- Conclusion: Moderate Liberalism for a Commercial World in Transition
- Bibliography
- Index
7 - A Liberal Art for the Commercial World: Adam Smith and Adam Ferguson
Published online by Cambridge University Press: 06 March 2025
- Frontmatter
- Contents
- Preface: A Liberal Framework for Inspiring Magnanimity in the Modern Commercial World
- Acknowledgements
- Introduction: Montesquieu’s Moderate Liberalism and the Scottish Enlightenment
- 1 From High Society to High Finance: John Law’s System and the Spectre of Modern Despotism
- 2 ‘Real Wealth’ versus ‘Fictional Wealth’ in an Age of High Finance: Montesquieu, Hume and Smith
- 3 ‘Ancient Prudence’ versus ‘Modern Prudence’: Montesquieu’s Response to James Harrington
- 4 Montesquieu and Hume’s English and French Affinities
- 5 Liberty and Honour in Britain and France
- 6 Montesquieu’s Honour
- 7 A Liberal Art for the Commercial World: Adam Smith and Adam Ferguson
- Conclusion: Moderate Liberalism for a Commercial World in Transition
- Bibliography
- Index
Summary
The great Montesquieu pointed out the road. He was the Lord Bacon in this branch of philosophy. Dr. Smith is the Newton.
John MillarWhen I recollect what the President Montesquieu has written, I am at a loss to tell, why I should treat of human affairs: But I too am instigated by my reflections, and my sentiments; and I may utter them more to the comprehension of ordinary capacities, because I am more on the level of ordinary men. If it be necessary to pave the way for what follows on the general history of nations, by giving some account of the heads under which various forms of government may be conveniently ranged, the reader should perhaps be referred to what has been already delivered on the subject by this profound politician and amiable moralist. In his writings will be found, not only the original of what I am now, for the sake of order, to copy from him, but likewise probably the source of many observations, which, in different places, I may, under the belief of invention, have repeated, without quoting their author.
Adam Ferguson, An Essay on the History of Civil SocietyIt is my opinion, likewise, that Carthage ought not to be destroyed.
Scipio Nasica, cited by Adam Smith, The Theory of Moral SentimentsA number of canonical figures who deeply admired Montesquieu were equally committed to protecting the integrity of the public sphere from commerce. Jean-Jacques Rousseau, Benjamin Franklin, John Adams, Alexis de Tocqueville and, more recently, Hannah Arendt each revised Montesquieu's theory of free, moderate government to make political honours available to a broader citizenry. However, they disagreed over the degree to which the commercial and political worlds needed to be kept separate. One will find a divergence on this question in the political thought of Adam Ferguson and Adam Smith who were considered heirs to Montesquieu in their immediate contexts. Both Scottish philosophers embraced modern commerce as the organising principle of eighteenth-century Europe. However, like Montesquieu, they were not unconcerned with the civic challenges posed by the new commercial order. In considering how Ferguson and Smith approximate political virtue in their respective works, this chapter delineates how each thinker appropriated Montesquieu's moderation to a more egalitarian, burgeoning commercial world of mass production and capital accumulation – one marked by the new civic challenges that advanced commercial specialisation introduced to European nations.
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- Information
- Moderate Liberalism and the Scottish EnlightenmentMontesquieu, Hume, Smith and Ferguson, pp. 153 - 177Publisher: Edinburgh University PressPrint publication year: 2023