Wednesday 13 September 2023

Enlightened economics

Lessons from Adam Smith on the economic challenges facing modern Britain

Adam Smith was a leading political economy thinker of the Scottish enlightenment in the mid-late 18th century. But as the “Father of Capitalism” his pioneering work on free market economics has influenced politicians, philosophers and economists throughout the 19th, 20th and 21st centuries too.

But modern Britain – as well as other advanced economies – is struggling with economic stagnation. Many people are questioning the central tenants of capitalism that Smith championed – from free trade and globalisation to regulation and the role of the state – and whether they can deliver the living standards growth that people need. What lessons can we learn from Adam Smith on the economic challenges facing Britain today?

To mark the 300th anniversary of the birth of Adam Smith, the Resolution Foundation is co-hosting an event with the Society of Professional Economists to discuss what his work can teach us about the economic challenges of Britain today. We will be joined by one of the leading experts on Adam Smith, Minister and author Jesse Norman MP.

The event will be open for people to physically attend, alongside being broadcast via YouTube and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.