On This Day: Adam Smith publishes The Wealth of Nations Opinion Today in 1776, 250 years ago, An Inquiry into the Nature and Causes of the Wealth of Nations was published, discovering rather than inventing the principle that free trade and efficient division of labour create general prosperity making the world richer, writes Eliot Wilson Adam Smith was 52 and had spent most of the preceding [...]
International Women’s Day: Free markets are not the enemy of feminism Opinion History tells that if there’s one thing women should fear, it’s not capitalism, it’s the collective, says Victoria Bateman Leftist global histories tell the same story when it comes to women. They present us with a happy world in which women were revered and rewarded by their communities until the advent of capitalism ended this [...]
On this day: the nationalisation of the Bank of England Opinion The Bank of England Act 1946 came into effect 80 years ago today, formalising a compact and a degree of cooperation between the Bank and the Treasury which had been developing for years, writes Eliot Wilson The Bank of England is the second-oldest central bank in the world. Only the Sveriges Riksbank in Stockholm, which [...]
On this day: The collapse of Barings Bank February 26, 2026 On 26 February 1995, 31 years ago today, Baring Bank, one of the City’s most venerable institutions, was declared insolvent after a massive fraud by one of its employees, Nick Leeson, recalls Eliot Wilson In the 1990s, following the wake of Big Bang and the influx of brash but wealthy, “Greed is good, greed is [...]
On this day 1571: The Royal Exchange is opened January 23, 2026 The Royal Exchange was opened by Elizabeth I 455 years ago on this day. Eliot Wilson traces the origins of its success.
On this day: Tim Berners-Lee invents the World Wide Web November 12, 2025 On this day in 1990, physicist Tim Berners-Lee circulated a memo for a relatively modest information sharing proposal that would go on to revolutionise commerce, writes Eliot Wilson At 35, Tim Berners-Lee was a fellow at the particle physics laboratory CERN. A physicist by training, he had become interested in computer networking and how organisations [...]