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This volume presents David Hume’s 1752 work, *Political Discourses*, which outlines his foundational principles of political economy. The text includes an autobiographical sketch by the author and an account of his death written by Adam Smith.

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Table of Contents

INTRODUCTION.

by the clash­ing interests and the ignorant prejudices of certain

Thus, again, J. Hill Burton,​2 Hume’s biographer—

“These Discourses are in truth the cradle of political economy; and much as that science has been investigated and expounded in later times, these earliest, shortest, and simplest developments of its principles are still read with delight even by those who are masters of all the literature of this great subject. But they possess a quality which more elaborate economists have striven after in vain, in being a pleasing object of study not only to the initiated, but to the ordinary popular reader, and of being admitted as just and true by many who cannot or will not understand the views of later writers on political economy. They have thus the rarely conjoined merit that, as they were the first to direct the way to the true sources of this department of knowledge, those who have gone farther, instead of superseding them, have in the general case confirmed their accuracy.”

The Discourses, in Hume’s own words, was “the only work of mine that was successful on the first publication,” and its success was great. Translated into French immediately, “they conferred,” says Professor Huxley, “a European reputation upon their {p-ix} author; and, what was more to the purpose, influenced the later school of economists of the eighteenth century.” On the same head Burton says—“As no Frenchman had previously approached the subject of political economy with a philosophical pen, this little book was a main instrument, either by causing assent or provoking controversy, in producing the host of French works published between the time of its translation and the publication of Smith’s Wealth of Nations in 1776. The work of the elder Mirabeau in particular—L’ami des Hommes—was in a great measure a controversial examination of Hume’s opinions on population.”

Professor Knight of St. Andrews, again, echoes similar sentiments.

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