In March, the Bank of England will issue a new 20 pound note featuring Adam Smith and the pin factory. (Click to Enlarge).
The Wealth of Nations
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It’s fantastic that they’re including Adam Smith on a bank note, but that’s hands down one of the ugliest bills I’ve ever seen.
Couldn’t they have consulted with a Smith fan who has some sense of aesthetics? I’ve love to see what Virginia Postrel could come up with working with a good designer.
It would have to be very long to fit Keynes in.
Tsunami,
The pin factory is about specialization, trade, markets, much more than just returns to scale. Its very fitting to have the pin factory on money – should have happened a long long time ago.
What a spectacularly ugly note! The current twenty-pound note is hardly a looker, but that combination of blocks of hideous mauve with wasted white space, no cunning trick to hide the anti-copy yellow circles, three hideously clashing fonts and a three-page quotation … my plan to withdraw cash exclusively in five-pound coins as a mark-and-release exercise to measure how much of the local economy circulates through the company canteen starts to seem aesthetically grounded.
Is this his argument? I was under the impression Carson’s argument is that the division of labor is fine, but it doesn’t require bosses. That is, that cooperatives and cottage shops work just as well as capitalist factories.
I do think it’s ironic that a famous Scot is on the Bank of England pound note.
- Josh
“I do think it’s ironic that a famous Scot is on the Bank of England pound note.”
And conversely, it’s equally ironic that the chances of Smith featuring on a Scottish banknote are next to nil: he’s surely turning in his grave that his homeland has a greater percentage of its GDP in the public sector than anywhere else in Europe.
It’s worth remembering that Adam Smith was infact spectacularly ugly. He’s got the note he deserved.
Why is a bloody Jocko going onto an English note though?!
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