From 1716 to 1845, Scotland’s banks were among the most dynamic and resilient in Europe, effectively absorbing a series of adverse economic shocks that rocked

Nowadays remembered mostly through Adam Smith’s references to the short-lived Ayr Bank in the Wealth of Nations, the 1772-3 financial crisis was an important

Adam Smith is considered the founding father of economics. Yet to form an accurate picture of the theoretical basis of his work, it is necessary to know what in