Economics

What would Adam Smith make of the AI revolution?

Today marks the 250th anniversary of the publication of The Wealth of Nations: Adam Smith’s seminal text in the history of economics. Smith gave his name to the institute that I co-founded, so you might expect me to advocate for reading his most famous text. But you shouldn’t. It’s very long, written in elegant but spacious prose and full to exasperation of examples, observations and terminologies that puzzle a modern reader. Read my Condensed Wealth of Nations instead or wait for my cartoon graphic novel to come out later in the year. Smith would see the scale of government today as the greatest tyranny Nonetheless, modern unreadability doesn’t mean that

adam smith

Why I can’t resist a red-light district

I am writing this on the 17th floor of the Novotel Sukhumvit, on Soi 4, aka “Soi Nana,” in Khlong Toei, Bangkok. For anyone that knows the Big Mango, they’ve already guessed where I am, psychogeographically: from that tell-tale word “Nana.” For those still in the dark, I am on the rude, ribald, rambunctious street that is Soi 4, which is full of tattoo parlors, 7-Elevens, dried-squid-sellers, fake Italian winebars, blaring “British” pubs, slightly dodgy pharmacists, hair salons that do laundry as well – it culminates in Nana Plaza, a multitiered al fresco mall of gaudy and noisy go-go bars that probably constitutes the single largest collection of sex workers