Everywhere the shout is for greater equality. Unequal societies, we are told by some, are less happy. More equal societies, we are told, are more stable and contented.

It’s always a little difficult when claiming that the famed result of a Nobel-winning economist was wrong.

The modern idea seems to be that risk is a bad thing to be avoided, whereas the reverse is true.  Some people do indeed feel comfortable in a safe and stable environment, but this is not where progress and advances are made. 

Largely on the grounds that economists know little to nothing about theology. Certainly nothing professionally relevant.

In which Professor Smith explains that it is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own self interest; why we are all better off as a result; and how many people today still don’t get that obvious point!

Joe Stiglitz has done some outstanding economic work in his time. But possibly a greater gift to humanity is the creation of the Stiglitz Test.

In which Professor Smith explains to King George III the folly of his colonial policy and how real source of a nation's wealth lies not in gold but in the productive capacity of its people.

The new head of the NEF - now that Ms. Fanbulleh is in Parliament - takes to The Guardian to tell us all off: According to the latest count by the Office for National Statistics, 38% of all turnover of non-financial businesses in Britain went through foreign owned companies…

With the government’s tax on private school fees now firmly in place, we can see whether the official forecasts are true or false. Schools have started to shutter, fees have risen by 14%, not the forecast 10%.

By now it looks all but certain that Chancellor Rachel Reeves will be announcing significant cuts to welfare in the Spring Statement in late March.

In which Professor Smith explains the huge productivity gains to be had from specialisation and free exchange in the marketplace.