Adam Smith

The Arrogance of Policy Making

By Abhinav Singh

We are surrounded by people who want to make the world a better place; where nobody has to go hungry, work in poor conditions, be afraid of assault or sleep in the cold. Some also go far enough to want to ensure that nobody should…

What I Learned from Adam Smith

­“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 interest.” — Adam Smith (June 16, 1723-July 17, 1790)

Father of Modern Economics

Swaminathan Aiyar on Economic Freedom

Swaminathan Aiyar was at CCS on 14 March 2014 to discuss the importance of Economic Freedom. Check out what he had to say about the ‘invisible hand’.

….On the ‘Invisible Hand’

The Truth About Monopolies and Anti-Trust Laws

Our friends at the Foundation for Economic Education have created a great video that exposes the irony of entrusting governments with the task of protecting consumers from monopoly. Economic theory from Adam Smith to modern Public Choice and ample…

Adam Smith on Sympathy

Today is Adam Smith’s birthday. We leave you with a quote from Smith’s Theory of Moral Sentiments on Sympathy

“How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their…

India vs. China: How far the political system could influence growth?

Both China and India have grown rapidly in the last decade. However, India seems to perform less well in terms of economic growth and poverty alleviation compared to China. China’s results are striking: 9%…