Adam Smith's Legacy: His Place in the Development of Modern Economics

Although Adam Smith, the father of modern economics, died over two hundred years ago his presence is still felt in many areas of contemporary economics. In this volume some of the world's leading economists pay tribute to Smith's continuing importance. The contributors, including ten Nobel Laureates, consider themes as diverse as Smith's use of data, his attitude to human capital and his views on economic policy. Heirs to Smith as leaders of the discipline, they also reflect upon the current state of economics, assessing the extent to which it measures up to the benchmark established by its founder.