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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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The end of local authority libraries

Local-authority-run public libraries are going the way of launderettes and video stores. Technology has swamped them, and they haven’t responded to the changing pattern of demand. We still have... Read More »

Pay as you protest?

Libertarians generally subscribe to several maxims. Here are two: 1) That everyone has the right to express their views, providing their expressions are within the law. 2) That it’s a good thing when people feel the effects of the... Read More »

The problem with the bank levy and other Pigou taxes

This is both extremely disappointing and also par for the course: The Liberal Democrats plan to hit the UK banking industry with an additional £1bn tax bill, which the party says will help eliminate the country’s deficit. The supplementary... 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 »