Adam Smith, author of “An Inquiry into the Nature and Causes of the Wealth of Nations” is to be honored by appearing on the new 20 pound note according to the Bank of England:

Making the announcement yesterday, Bank of England Governor, Mervyn King, said, “It is such a pleasure to use the occasion of the launch of a new series of notes as an opportunity to recognize Adam Smith’s contribution to the understanding of society and its development.  Smith’s insights into human nature, the organization of society, the division of labour and the advantages of specialisation remain at the heart of economics.” The Governor was giving the Adam Smith Lecture at the Adam Smith College, Kirkcaldy, Fife.

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Along with the different ‘look’ of the note, the main change is the inclusion of a portrait of Adam Smith on the back of the note, along with the image of a pin-making factory and a summary of Smith’s observations on the benefits of the division of labour, drawn from his major work, An Inquiry into the Nature and Causes of the Wealth of Nations.

Money as an economics textbook?  Well I guess if you can print an RSS feed on toilet paper you can print Adam Smith quotes on money.

H/T Betsy

(Yes I know the RSStroom reader is a joke, but it’s also genius whose time is coming)

This entry was posted on Friday, February 16th, 2007 at 6:13 am by Chad and is filed under Big Thoughts. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.