9 March 2014
With Scotland engulfed in deep contemplation of its future economic choices, it is interesting to reflect that the tradition of Adam Smith – espoused by the pro-free enterprise independence group Wealthy Nation – has for the past century been largely an export-only product.
Duff, whose father was an Aberdonian transplanted to Singapore, was a Middle East hand who did not live for long in Scotland, but, like Edinburgh-born Sir John Cowperthwaite (1915-2006) financial secretary for the Hong Kong government, he was soaked in Smith’s non-interventionist philosophy. Both men played a big part in making these city states into beacons of global trade and bold policy innovation.
Courtesy of the Herald Scotland