Blogging from the Highlands of Scotland
'From fanaticism to barbarism is only one step' - Diderot

Sunday 29 October 2006

Economist Adam Smith to feature on new Bank of England £20 note

Adam Smith, author of the one of the most influential economics treatises ever written, 'The Wealth of Nations', is to appear on the Bank of England's TWENTY POUND notes, to replace composer Edward Elgar, early next year. The man whom many regard as having invented "the concept of competition and market forces" will, incidentally, be the first Scotsman to appear on a Bank of England note, although he already appears on a FIFTY POUND note issued by one of the Scottish note issuing banks (Clydesdale Bank).

Now if only our Government would start to apply his economic theories rigorously!

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