Adam Smith and the Practice of Mal-Economics in Bangladesh

February 7, 2024

On the occasion of the Tercentenary Birthday of the Father of Modern Economics, Adam Smith (born 1723 AD), a lecture titled “Adam Smith and the Practice of Mal-Economics in Bangladesh” was organized by the Department of Economics, United International University on February 4, 2024. Even after 300 years Adam Smith remains broadly relevant to economists, political economists as well as to other social scientists.

The program was chaired by Prof. Dr. Mohammad Omar Farooq (Dept. of Economics). After his opening remarks, a short biography of Adam Smith was presented by Sayeda Chandra Tabassum (lecturer, Dept. of Economics). The main lecture was delivered by Professor Dr. Muhammad Fouzul Kabir Khan (adjunct professor of economics and finance, former Secretary, Government of Bangladesh, and a renowned economist).  Professor Khan illuminated the main contributions of Adam Smith that are relevant to building and sustaining a healthy, stable, dynamic and ethical economy, while the reality is that much of what is seen in the economic domain can be characterized as mal-economics, contrary to the teachings of Adam Smith and his legacy.

Prof. Dr. Mohammad Musa (Dean, School of Business and Economics) made the concluding remarks. The program was well-attended, with the Vice Chancellor Prof. Dr. Md. Abul Kashem Mia, Dr. Wahida Yasmin (Head of Department of Economics) and other faculty members and staff from various schools/departments in attendance.

In Other News