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BART SIR JAMES DENHAM STEUART

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Originally appearing in Volume V25, Page 904 of the 1911 Encyclopedia Britannica.
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BART
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SIR JAMES DENHAM STEUART
  . (1712-1780),
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English economist, was the only son of
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Sir James Steuart,
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solicitor-general for Scotland under Queen Anne and George I., and was born at
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Edinburgh on the 21St of
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October 1712 . After passing through the university of Edinburgh he was admitted to the Scottish bar at the age of twenty-four . He then spent some years on the Continent, and while in Rome entered into relations with the Pretender . He was in Edinburgh in 1745, and so compromised himself that, after the
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battle of
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Culloden, he found it necessary to return to the Continent where he remained until 1763 . It was not indeed until 1771 he was fully pardoned for any complicity he may have had in the
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rebellion . He died at his
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family seat, Coltness, in
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Lanarkshire, on the 26th of November 1780 . In 1767 was published Steuart's Inquiry into the Principles of
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Political
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Economy . It was the most
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complete and systematic survey of the science from the point of view of moderate mercantilism which had appeared in England . But the time for the mercantile doctrines was past . Nine years later the
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Wealth of Nations was given to the
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world . Adam Smith never quotes or mentions Steuart's
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book; being acquainted with Steuart, whose conversation he said was better than his book, he probably wished to keep clear of controversy with him .

German economists have examined Steuart's
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treatise more carefully than English writers; and they have recognized its high merits, especially in relation to the theory of value and the subject of population . They have also pointed out that, in the spirit of the best
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modern research, he has dwelt on the
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special characters which distinguish the economies proper to different nations and different grades in social progress . The
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Works, Political, Metaphysical and
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Chronological, of the
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late Sir James Steuart of Coltness, Bart., now first collected, with Anecdotes of the Author, by his Son, General Sir James Denham Steuart, were published in 6 vols . 8vo in 18o5 . Besides the Inquiry they include—A Dissertation upon the
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Doctrine and Principles of
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Money applied to the German Coin (1758), A pologie du sentiment de M. le Chevalier Newton sur l'ancienne chronologie
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des Grecs (4to,
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Frankfort-on-the-Main, 1757), The Principles of Money applied to the
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Present State of Bengal, published at the request of the East India
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Company (4to, 1772), A Dissertation on the Policy of Grain (1783), Plan for Introducing Uniformity in Weights and
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Measures within the Limits of the
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British
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Empire (1790), Observations on Beattie's Essay on Truth, A Dissertation concerning the Motive of Obedience to the Law of
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God, and other
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treatises .

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