It was no small proof of originality and enlightenment to precede Adam Smith by ten years in the doctrines of free trade, of free industry, of loans on interest, of the constitutive elements of price, of the effects of the division of labour, of the processes of the formation of capital.
Morley acknowledges Turgot's early contributions to economic thought, particularly in free trade.
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Fitness is henceforth to be the criterion of eligibility.
An Indian gentleman has been placed on the Council of the Viceroy--not an everyday transaction.
What I expect is a healthful, slow fermentation in many minds, working towards the final product.
If I were going to remain Indian Secretary for some time to come, my every effort would be devoted to an abatement of that enormous amount of writing.
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