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Political Extracts

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Liberty and Prosperity

The Economic Case for Generous Wages

Adam Smith asks employers to pay the most generous wages their finances will allow.

The First World War

Germany’s Secret Weapon

As a last, desperate throw of the dice in the Great War, the Germans detonated an unusual kind of weapon in St Petersburg.

Liberty and Prosperity

The Economic Case for Sovereignty

A nation with its own laws and a strong sense of shared cultural identity makes good economic sense.

Liberty and Prosperity

Big Spenders

Adam Smith warns that politicians are the last people who should lecture the public about how to run their affairs.

International Relations

Guardian of Peace

J. S. Mill argues that free trade has done more to put an end to war than any political union or military alliance.

Liberty and Prosperity

The Grievances of the South

Victorian MP Richard Cobden believed British politicians supporting the slave-owning American South had been led a merry dance.