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The Real Problem Was Nominal

Scott Sumner on how central banks caused the Great Recession and how NGDP targeting can avoid a repeat in the future.

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Wind Power Reassessed

Dr. Capell Aris conducts a review of the UK wind resource for electricity generation in a joint paper with the Scientific Alliance

The Blog

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Who rules Britain?

Business for Britain was right, on 2nd March, to question the proportion of our laws that comes from Brussels. Nigel Farage says it is 78%, Nick Clegg 7% and... Read More »

Adam Smith: also right about watches

In Book One of the Wealth of Nations, Adam Smith writes: The diminution of price has . . . been most remarkable in those manufactures of which the materials are the coarse metals. A better movement of a watch,... Read More »

RIP Matthew Young

  We are very sad to report the death of our friend Matthew Young, who died suddenly at the weekend following an undiagnosed illness. He worked on major projects for the Adam Smith Institute, but also had a significant... Read More »

About Us

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The Adam Smith Institute is one of the world's leading think tanks. Independent, non-profit and non-partisan, it works to promote libertarian and free market ideas through research, publishing, media commentary, and educational programmes. The Institute is today at the forefront of making the case for free markets and a free society in the United Kingdom.

Upcoming Events

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March TNG with Matt Ridley

For our March TNG we welcome the Viscount, author and all-round optimist Matt Ridley, who will speak on the historical and economic importance of free trade agreements like TTIP. Some... More Details »

There really is an ‘Adam Smith Problem’

The “Adam Smith Problem” alleged by German academics in the nineteenth century was that there was inconsistency in Smith’s attitude towards human nature. In Moral Sentiments Smith pointed to the importance of sympathy, in The Wealth of Nations he wrote of man’s inevitable self-interest.... More Details »

Recent Research

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The Green Noose

• Despite academics, politicians, and international organisations recognising that the UK is facing a housing crisis, it is currently far less developed than many imagine, especially when compared to similar countries. Indeed, only two members of the EU 27 have less built... Read More »