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Bonus Quotation of the Day…

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… is from page 311 of Dugald Stewart [2]’s invaluable 1793 “Account of the Life and Writings of Adam Smith, L.L.D. [3],” as this series of lectures appears at the end of Liberty Fund’s 1982 collection of Smith’s Essays on Philosophical Subjects [4] (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.

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