Happy 290th Birthday Adam Smith!

Had Adam Smith somehow survived until today, he would be 290 years old, having been born on 5th June 1723. The economist, now adorning the £20 note and credited with founding the modern discipline of economics (or political economy as it was known earlier) was originally renowned as a moral philosopher for his widely respected Theory of Moral Sentiments.

Go here to see Tyler Cowen and Alex Tabarrok (economists at George Mason University) explain why he was the greatest economist of all time.

Go here for Adam Smith Institute Director Dr. Eamonn Butler's The Condensed Wealth of Nations (and the Incredibly Condensed Theory of Moral Sentiments).

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23 Things We're Telling You About Capitalism XXI