Adam Smith and the Rationality of Self-Interest

  Since Adam Smith the prevailing view in economics has been that the free market operates through a principle of rational self-interest. Much as Darwin later identified the underlying mechanism for the variety and dynamism of nature operating at the individual level, so Smith atomised the creation of wealth to the individual’s self-interest: “It is… Continue reading Adam Smith and the Rationality of Self-Interest

Postscript to the Referendum: the Continuing Case for Reform of the EU

Amid the celebrations, dejection, hopes, foreboding, possibilities, instability, treachery, transformation and general uncertainty that has followed the outcome of the EU referendum, one thing has been generally overlooked, which is unsurprising as it hardly featured in either the campaign to leave or to remain: the desperate need for fundamental reform of Europe’s political institutions. This… Continue reading Postscript to the Referendum: the Continuing Case for Reform of the EU