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Business in Person Martin O'Neill O'Neill may yet prove Adam Smith is wrong
From: The Scotsman
Date: 20030606
Author:IAIN DEY
YESTERDAY marked the commemoration of Adam Smith's birthday - he would have been 280 years old were he still alive. Back in 1776, in his famous treatise The Wealth of Nations, he said: "It is the highest impertinence and presumption, in kings and ministers, to pretend to watch over the economy of private people, and to restrain their expense, either by sumptuary laws, or by prohibiting the importation of foreign luxuries."
Given the furore surrounding the "fat cat" pay awards on which some of the UK's top company directors have recently been gorging themselves, it seems unlikely that the ...
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