The best international development policy would be to let in more workers from the third world in to work in Britain, according to a new paper from the Adam Smith Institute. Politicians should stop trying to save entire countries with foreign aid programmes and instead help their inhabitants by letting them move to developed countries, […]
Week 4 Memo Assignment: Slavery and Serfdom: In his Wealth of Nations, Adam Smith confidently asserted that slavery was uneconomic–that in commercial society, manumission was the road to higher productivity because the carrot of working for yourself is much more efficient than the stick of being whipped by others. Show More Summary
A new report, released today by the Adam Smith Institute, argues virtue signalling has made widely-held ideas like ‘keeping up with the Joneses’ and conspicuous consumption completely outdated. Rather than trying to one-up one another by buying Bentleys, Rolexes and fur coats, the modern social climber is more likely to try and show their ‘authenticity’ […]
Adam Smith devoted a long section in The Wealth of Nations to explaining why the universities in his home country produced better teachers than Oxford.
In many of my posts over the years, I have defended an evolutionary classical liberalism, which I see as a tradition of thought that stretches from David Hume and Adam Smith to Herbert Spencer and Charles Darwin and to Friedrich Hayek and Matt Ridley. Show More Summary
Jeff Weintraub (20130: [Adam Smith's conceptual sleight-of-hand on exchange, cooperation, and the foundations of social order](http://jeffweintraub.blogspot.com/2013/07/adam-smiths-conceptual-sleight-of-hand.html): "This was a response to one section of a post by Brad DeLong containing Snippets: Smith, Marx, Solow: Shoebox... Show More Summary
By Mark Blessington In Adam Smith's day, investment of personal savings into business drove economic growth. Most economic activity back then involved small local companies, and nearly all of them relied on individual investor capital for formation and growth. Show More Summary
There's something poetic about naming your plan to end federal food stamps after your billionaire-funded super PAC. https://t.co/eCQQeATGXK — Adam Smith (@asmith83) January 8, 2016 Ironic that Jeb reveals a plan to gut social programs one day after getting $10 million from a guy who got an $85 billion government bailout — read the article […]
ATLANTA -- Quinton Stephens, Adam Smith and Nick Jacobs each scored 16 points and Georgia Tech won its biggest ACC game under fifth-year coach Brian Gregory, a 68-64 upset of No. 4 Virginia on Saturday.The loss was a rare second in a...Show More Summary
Quinton Stephens, Adam Smith and Nick Jacobs each scored 16 points for the Jackets.
For the full press release, click here. London must build on low quality Green Belt spaces around existing commuter infrastructure to solve its housing crisis, according to a new paper from the Adam Smith Institute. Building on 20,000 acres of the Metropolitan Green Belt (roughly 3.7%) would create room for the 1m new homes needed, […]
How the Doomsday book,and the unit of assessment called the "hide," suggest that medieval laborers had very civilized work weeks.
Too wide a scope for a blog post? You betcha. But this was going to be the core of my PhD Dissertation back when I was in such a program and had delusions of adequacy. So those who wonder “WTF does any of this have to do with labor hours?” Well bear with me. Or […]
Once again external funding for a cataloguing project (the Henderson Bequest) has thrown into the light another hidden gem in the Special Collections of the Library of the University of […]
Government has committed itself to raising the income tax threshold to the level of the minimum wage and indexing it there so that it will automatically rise to match any increases in the minimum wage. The Adam Smith Institute has urged this for many years, largely on the grounds that if people are on wages […]
By Jeremy Adam Smith A chorus of criticism has grown alongside mindfulness at work programs. But do they throw the mindful baby out with the corporate bath water? There's a backlash brewing against mindfulness at work. "CorporationsShow More Summary
Ranking member of the US House of Representatives Armed Services Committee Adam Smith claims that Turkey has provided support to questionable Syrian rebel forces in the effort to oust Syrian President Bashar Assad.
"Supposing, therefore, that you have duly prepared yourself for the worst by all these reflections; I proceed to tell you the melancholy news, that your book has been very unfortunate: for the public seem disposed to applaud it extremely..."...Show More Summary
"The earth is the tomb of dead empires, no less than of dead men." Thus wrote the American economist and journalist Henry George in his 1879 worldwide bestseller, Progress and Poverty. Adam Smith had identified cooperation and specialization -- "the division of labor" -- as the forces that generated economic growth and prosperity. Show More Summary
By Polly Cleveland “The earth is the tomb of dead empires, no less than of dead men.” Thus wrote the American economist and journalist Henry George in his 1879 worldwide bestseller, Progress and Poverty. Adam Smith had identified cooperation and specialization—“the division of labor”—as the forces that generated economic growth and prosperity. Show More Summary