Arthur Smith

It's the time of year when the literati give advice on what we should be reading on our summer holidays. These terrifying lists often leave me appalled at my own ignorance, but also suspicious about the pretension of their advocates.

Give me the new thing and give it to me now. I don't want that old thing - I've seen it, heard it, bought it, slept with it, loved it, but now I'm bored with the old thing and I'm gagging for the new stuff.

In my book, 'The Big Three in Economics,' I found that the press has frequently and prematurely written the obituary of Adam Smith and his free-market philosophy, only to see a new and more vibrant global marketplace reemerge after being savagely attacked by Keynesians, Marxists, and assorted socialists.