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THE

SOUTHERN QUARTERLY

REVIEW.

Jove judicat æquo.-Hor.
Eo ego ingenio natus sum, amicitiam

Atque inimicitiam in fronte promptam gero-Ennius.

VOL. XI.

1847

CHARLESTON.

PUBLISHED BY BURGES & JAMES.

1847.

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SOUTHERN QUARTERLY QUARTERLY REVIEW.

No. XXI

JANUARY, 1847.

ART. I. THE DISTRIBUTION OF WEALTH.
An Inquiry into the Nature and Causes of the Wealth of
Nations; by Adam Smith, L. L. D., with a Life of the
Author, an introductory Discourse, Notes, and Supple
mental Dissertations. By J. R. McCULLOCH, Esq.
Edinburgh: 1839.

Principles of Political Economy, considered with a view to their practical application. By the Rev. T. R. MALTHUS. Boston: 1821.

Say's Political Economy; Translated by C. R. Prinsap. 3d Am. Edition. By C. C. BIDDLE. Philadelphia:

1827.1

SEVENTY years have now passed since the publication of the Inquiry into the Nature and Causes of the Wealth of Nations. Meantime its principal doctrines have been admitted as true, not only by the men of the closet, but by eminent statesmen, and great nations, who have carried them into practice. In free countries, the chief questions, which divide parties, depend for their resolution, dn the principles of Political Economy. Nearly all the arguments which have resounded in our legislative halls, and on our hustings, for the last twenty years, for and against the Bank and the Independent Treasury, the Protective System and Free Trade are professedly drawn from this science. The interests of party will, of course, induce very opposite representations even VOL. XI.-No. 21.

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