Bonus Quotation of the Day…

(Don Boudreaux)

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… is from page 311 of Dugald Stewart’s invaluable 1793 “Account of the Life and Writings of Adam Smith, L.L.D.,” as this series of lectures appears at the end of Liberty Fund’s 1982 collection of Smith’s Essays on Philosophical Subjects (a collection originally published by Cadell and Davies, in London, 1795):

I cannot help adding, that the capacity of a people to exercise political rights with utility to themselves and to their country, presupposes a diffusion of knowledge and of good morals, which can only result from the previous operation of law favourable to industry, to order, and to freedom.