Adam Smith Himself

Ronald Coase, 1910 – 2013

Ronald Coase died Monday in Chicago at 102. The Nobel Laureate in Economics in 1991, his two most famous papers, The Nature of the Firm (1937) and The Problem of Social Cost (1960) began by asking such profoundly simple questions—the word “childlike” is fitting, in the kindest sense—that the insights he derived would revolutionize our
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Adam Smith Himself, Articles, Just Plain Interesting

Summer Reading

A publishing rite at this time of year is for sites far and wide to offer their own recommended “Best Summer Reading” lists. For all things there’s a first, so here is Adam Smith, Esq.’s First Annual Summer Reading List. (And I reserve the right for it to be the last.) Inspiration comes from Andrew
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Adam Smith Himself, Articles, Book Reviews

Happy 290th Birthday, Adam Smith

Born in Kirkcaldy, Fife, June 5, 1723; died  in Edinburgh July 17, 1790, at age 67. (There’s some question as to his exact date of birth, but June 5, 1723 was the date his baptism was recorded and it’s all but universally deemed his birthday.)  He’s now memorialized with a statue on Edinburgh’s Royal Mile.

Adam Smith Himself, Articles

Happy Birthday, Adam Smith

Born June 5, 1723, Kirkcaldy, Scotland. Died July 17, 1790, Edinburgh. Today would be his 289th birthday.

Adam Smith Himself, Articles

Dewey: 1909—??

Two firms have this week received far more press attention than, one suspects, they counted on or quite know how to cope with:  Our own industry’s Dewey LeBoeuf, and of course the iconic (good and bad sense) Goldman Sachs. Goldman Let’s take Goldman first.  Its moment—which is displaying a half-life far longer than the typical
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Adam Smith Himself, Articles, Compensation, Cultural Considerations, Finance, Leadership, M&A, Partnership Structures, Strategy

Two Books

Today we’re talking about books. Specifically, Robert Frank’s The Darwin Economy and David Rose’s The Moral Foundation of Economic Behavior.  I believe the first–far better known–is a failure and the second–while too drily academic to gain a wide popular audience–is a success. Frank is a widely published and well-know economics professor at Cornell’s Johnson Graduate
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Adam Smith Himself, Articles, Book Reviews, Just Plain Interesting

The “Adam Smith” Award for Innovation in Legal Service Delivery

A couple of weeks ago I learned that the legal department of Kraft Foods issued its “Adam Smith” award, for innovation in the delivery of legal services, to Clifford Chance, and Kraft intends it to be an annual award. I was curious to learn more. The first thing I learned was that the award was
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Adam Smith Himself, Articles, Innovative Managing Partners, Leadership

European Trip

I got back to New York this past Memorial Day Weekend after my extended European trip. While the trip was even more professionally rewarding and successful than I had hoped–not to mention fascinating and deeply gratifying on a personal level–I owe you all, Dear Readers, an immediate and fervent apology for appearing to have gone
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About the Site, Adam Smith Himself, Articles, Globalization, Strategy

Adam Smith’s Home Town

If you’ve never been to Edinburgh, I highly commend it to you.  And that’s not just because of the Adam Smith connections, although that’s what I’ll very briefly mention here. We’re staying about 200 yards down the Royal Mile from Adam Smith’s new statue, unveiled 4 July 2008, and about 400 yards up from his
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Adam Smith Himself, Articles

What I’m Reading

From time to time, people ask me what I’m reading when trying to figure out what is going on in the economy these days. A glib response might be, "anything I can get my hands on," but the question deserves a more thoughtful response, so herewith a book review and a few pointers to online
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Adam Smith Himself, Articles, Book Reviews, Finance

Bear