ABSTRACT
Adam Smith, to whom the 1990 conference was dedicated, is rightly considered as the founder of economic science. So one of the ways in which we may honour him is to describe and evaluate the development of economic science. This is, by its nature, a very subjective undertaking. I, for one, have a limited knowledge of the tree we call economic science and know that I can only deal with some branches and their leaves. My evaluation is bound to differ from that of most of my colleagues. However, our contributions together may show enough harmony to contribute to the celebration of Adam Smith’s bicentenary.
