Nicola Sturgeon on The Legacy of Adam Smith @ #INET2017

The video discusses the legacy of Adam Smith, highlighting how his ideas are often misrepresented by ultra free market supporters. It emphasizes that while Smith acknowledged personal interest as a motivator, he also believed that an economy cannot thrive with widespread poverty and inequality. The video connects these ideas to modern economic thinking in Edinburgh, showing how Smith's legacy continues to influence contemporary economic ideas.

What is a common frustration among some people in Scotland regarding Adam Smith's legacy?

• He is not recognized as a Scottish economist.

• His legacy is sometimes misrepresented.

• His theories are too complex to understand.

• His ideas are often ignored.

According to Adam Smith, what is a key motivator of human behavior?

• Cultural traditions

• Government intervention

• Personal interest

• Altruism

What did Adam Smith believe was necessary for an economy to be fully successful?

• Strict government control

• Equality among people

• Widespread poverty

• High levels of taxation

What is the focus of the new economic thinking in Edinburgh?

• Focusing solely on personal interest

• Promoting ultra free market policies

• Reflecting Scottish traditions and advancing economic concepts

• Ignoring Adam Smith's ideas

How is Adam Smith's legacy being recognized in Edinburgh?

• By focusing only on his views on personal interest

• By using his ideas to power ahead different economic concepts

• By ignoring his contributions

• By promoting inequality