The Blog

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Why are corporations ‘socially responsible’

In a 1970 piece in the New York Times magazine Milton Friedman argued that ‘the social responsibility of business is to increase its profits’. They should make as much cash as possible for their shareholders, and shareholders should give directly... Read More »

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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.

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‘Lessons from Adam Smith: The Need for a Scottish Alternative’

‘Lessons from Adam Smith: The Need for a Scottish Alternative’, with Scottish Conservative Party leader Ruth Davidson Scotland may be home to the father of modern economics, but you’d... More Details »

QE2 TNG

Save the date! On 9th September, Queen Elizabeth II will become our longest-reigning monarch. To celebrate, ASI President Madsen Pirie will lead a royal toast, and offer a constitutional defence of the Monarchy. More details to follow. Please note:... More Details »

Recent Research

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Using what we know to solve what we don’t

Every two days we generate an equivalent amount of data to that produced by the whole of human history up to 2003. Such a scale of data is almost daunting, with much, if not most of it, recorded consistently... Read More »

Time for Time Limits

The UK’s welfare system is in a parlous state, beset by ineffective policies, a culture of dependency, and an ever-increasing price tag. While well-intentioned, recent reforms such as Universal Credit have done little to change this. We must seek... Read More »