In his speech to the World Economic Forum (WEF) in Davos last month, NATO Secretary General Jens Stoltenberg said that … Continue reading “Classical liberalism vs liberal internationalism”

The economist Carl Menger claimed in 1891 that “in every conflict of interest between the rich and poor, the strong … Continue reading “Adam Smith and problems with the new paternalism”

Almost two centuries ago, an angry man sat down to write an essay expressing deeply-held thoughts and prejudices. His subject … Continue reading “Review: ‘Adam Smith: What He Thought, and Why It Matters’ by Jesse Norman”

That awful person! How can someone be so corrupt?! Be it Hillary Clinton, Donald Trump, or someone else, Adam Smith … Continue reading “Corruption according to Adam Smith”

EA:       Why should young economists study Adam Smith? VS:       Young students in economics and the humanities desiring to better … Continue reading ““Why should young economists read Adam Smith?” – Interview with Prof Vernon L. Smith”

It has become increasingly difficult to make a case for the morality of markets even though free market capitalism has … Continue reading “Free market capitalism and morality”

When advancing the case for ‘free markets ‘ classical liberals are often chided for failing to recognise the wisdom of … Continue reading “Down with Karl Polanyi”

Vince Cable’s speech at Cass Business School was an interesting mix of the radical and the reactionary. Overall, it certainly … Continue reading “Vince Cable – not bad, but no Nick Ridley!”

Despite his fame, there is still widespread ignorance about the breadth of Adam Smith’s contributions to economics, politics and philosophy. … Continue reading “Eamonn Butler: Adam Smith – A Primer”