Anne McElvoy and guests discuss the concentration, distribution and morality of wealth now and look back at An Inquiry into the Nature and Causes of the Wealth of Nations, published by the Scottish economist and philosopher Adam Smith in 1776, which gives an early account of what builds nations' wealth and introduced concepts such as free markets, the division of labour, and productivity.
Our guests for this episode of BBC Radio 4's Friday night ideas discussion programme are:
Vicky Pryce, economist and business consultant and co-author of Mismanaged Decline What Politicians Won’t Tell You About the Economy
Maha Rafi Atal, Adam Smith Senior Lecturer in Political Economy at the University of Glasgow. The University is holding a series of events to mark the 250th anniversary of the publication of The Wealth of Nations.
Dafydd Daniel, Lecturer in Divinity at the University of St Andrews
Allister Heath, business journalist
Hettie O'Brien, Guardian writer and author of The Asset Class: How Private Equity Turned Capitalism Against Itself
Producer: Eliane Glaser
You can hear another discussion about searching for economic solutions in the most recent episode of Start the Week, Radio 4's Monday morning discussion programme where Tom Sutcliffe was joined by Mariana Mazzucato, Jeremy Hunt and Patrick Foulis.