Quesnay, Adam Smith, and Pitt

Upvote:4

I believe that the author is referring to William Pitt the Younger, who was at various times Chancellor of the Exchequer and Prime Minister during the end of the reign of George III and then during the Napoleonic Wars.

He was a strong advocate of free trade policies as advocated by Adam Smith. There is a story where Pitt and other dignitaries refused to sit down until Adam Smith did because they considered him to be their teacher and they mere students.

The economic policies that Pitt advocated in the 1780's (lowering of duties, free trade with Ireland and France) certainly bear the stamp of Quesnay's thought. It is most likely, however, that Pitt learned of these concepts from reading "Wealth of Nations" rather than from "Tableau Économique".

Mike 2539

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Quesnay, Adam Smith, and Pitt

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