Adam Smith's enduring legacy

In the tercentenary of the father of economics, it is worth exploring the impact and relevance of his ideas on economics in today's world

In her 2018 book, What Would the Great Economists Do? Linda Yueh explores how the ideas of 12 world-changing thinkers could solve the great economic problems of today. Her list undoubtedly includes the father of economics, Adam Smith, who ordered his work to be destroyed after his death because he didn’t deem it worthwhile. Yet they are. Smith will surely rank among the top five economists of all time. Thus, as the world celebrates Adam Smith’s tercentenary this June, it’s not just a reminiscence of a three-century-old stalwart, but also a chance to synthesise the modern world through his “Invisible