The Life of Adam Smith

Ian Simpson Ross (2010), (second edition) The Life of Adam Smith. Oxford & New York: Oxford University Press. Pp. xxxii + 589. Few would argue that Adam Smith was one of the great minds of the eighteenth century. He is perceived through his best-known book, The Wealth of Nations, as the founder of economics as a […]

The macroeconomic impact of ageing, EU immigration policy and pension expenditures

David Pinkus Jacob Funk Kirkegaard The European Union population is ageing increasingly rapidly, with dependency ratios and shares of the elderly in the total population rising across the continent. While aggregate projected increases in age-related public spending in the EU are manageable, there are substantial differences between EU countries. A low probability of a sustained rebound in fertility rates effectively […]