The Wealth of Nations

Misha Glenny and guests discuss a turning point in world affairs in 1898 that left Spain greatly reduced as an imperial power and the US the owner of the Philippines, Guam and Puerto Rico, with a significant influence over the newly independent Cuba where the war broke out. The U ...  Show more

Misha Glenny and guests discuss the woman who, as a child bride, became mother to the boy who would eventually become the first king in the Tudor dynasty. Lady Margaret Beaufort (c1443-1509) was twelve when she married Edmund Tudor, half his age, and gave birth to their son Henry ...  Show more

Melvyn Bragg and his guests discuss Adam Smith's celebrated economic treatise The Wealth of Nations. Smith was one of Scotland's greatest thinkers, a moral philosopher and pioneer of economic theory whose 1776 masterpiece has come to define classical economics. Based on his caref ...  Show more

Adam Smith, a moral philosopher and economist, was born in Scotland, the son of a customs officer. In 1776 he published a book called 'An Inquiry into the Nature and Causes of the Wealth of Nations’. Smith basically argued against the over regulation of commerce and said if peopl ...  Show more

Melvyn Bragg and guests discuss how, between the 16th and 18th centuries, Europe was dominated by an economic way of thinking called mercantilism. The key idea was that exports should be as high as possible and imports minimised. For more than 300 years, almost every ruler and po ...  Show more

Melvyn Bragg and guests discuss economic rights. Is democracy the truest conduit of capitalism, or do the forces that make us rich run counter to the democratic institutions that safeguard our rights? The economist Milton Friedman once said, “If freedom weren’t so economically ef ...  Show more