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Editor's Letter: IFRS? Heavens above

Adam Smith may be famous for his book The Wealth of Nations and his theory that an “invisible hand” moves markets and prices. But he was a philosopher who also wrote an essay on the history of astronomy. His intention was to explain how the mind tries to make sense of the world around us by looking for coherent explanations, so as not to “embarrass and confound the imagination”.

Andrew Sawers Financial Director 26 Apr 2006
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