When Adam Smith published his seminal work, An Inquiry Into The Nature And Causes Of The Wealth Of Nations in 1776, it was nothing short of a revolution in knowledge. He shaped our modern understanding of how economies work and what national wealth is, shifting the emphasis away from hoarded gold or high trade profits toward the national standard of living. He also put forward profound arguments against slavery, colonialism, and protectionism on moral and economic foundations. Read full article here
Research
Improving media literacy could boost trust towards the news, IMPRESS report suggests
The UK media is regulated by the likes of IPSO and Ofcom. The report by press regulator IMPRESS highlights the link between low levels of media literacy and trust in the news. The study found that three quarters of those who did not know if journalists were regulated did not trust the news. It suggests that improving media literacy is one way to stem the erosion of trust, and shows that audiences have an appetite for information on news processes. Stakeholders need to collaborate in order to rebuild trust in the news, and independent media is well placed to do this. Read full article here
Merv
February 1, 2023
