Welcome to the 18th century
Adam Smith’s magnum opus, The Wealth of Nations, turns 250 next year. With little pause, we have cheered on for half a century and a third in breaking down the barriers to global trade. The world was getting smaller and we were getting richer. Are we now experiencing a small pause, or have we bounced from the Fukuyama end of history back to the 18th century? And can we put a price tag on it all?