CAMBRIDGE, England ¨C This year marks the of the birth of Adam Smith, the founding father of modern economics.
It comes at a time when the global economy faces several daunting challenges. are the highest since the late 1970s. Productivity growth across the West remains sluggish or stagnant. Low- and middle-income countries are teetering on the . Trade tensions are rising. And market concentration has among OECD countries.
Against this backdrop, Smith¡¯s tercentenary is an opportunity to reflect on his invaluable insights into the dynamics of economic growth and consider whether they can help us understand the current moment.
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