Global Law Summit/London

Dear Reader: From my long-time friend Stephen Denyer in London (Head of City and International at The Law Society) comes this: Dear Bruce:  Might I take a moment to emphasise how welcome all Adam Smith followers worldwide will be at the Global Law Summit taking place...

2014 Nobel in Economics

Around this time of year the Nobel Prize in Economics is awarded, and while we don’t always cover it here on Adam Smith, Esq., this year’s is worth a note. As everyone who cares about these things an iota knows by now, the winner was Jean Tirole of...

Economics in 335 Words

Tom Sargent, a Professor at NYU, won the 2011 Nobel prize in economics (together with Chris Sims) for his work on “rational expectations” theory.   Four years before that, he gave a speech to Berkeley undergraduates which reads in its entirety: I remember...

Happy 4th of July

Our custom on America’s Independence Day for several years has been to publish a photo of fireworks—the real thing from the annual display over the Hudson River here in little old New York (albeit one year delayed)—but this year we’re deviating from that...

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