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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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2011 Nobel Laureates Beijing Forum - Day One

RIP John Nash

In a Think Piece for the Adam Smith Institute, Vuk Vukovic pays tribute to the endlessly influential theorist John Nash: It is with great sorrow we hear that one of the greatest... Read More »

When a fossil fuel subsidy is not a subsidy

You may have seen an IMF report in the news last week claiming that fossil fuels are subsidised to the tune of over five trillion dollars every year. This made good headlines, but only because the IMF chose to... Read More »

Spotting Worstall’s Fallacy in the wild

In a discussion of Joe Stiglitz’s new book in The Observer we see this: Back in 2008 the top 20% of households in the country were estimated to be worth 92 times more than the bottom 20%. The latest... 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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2011 Nobel Laureates Beijing Forum - Day One

In memoriam: John Nash

It is with great sorrow we hear that one of the greatest minds in human history died this weekend in a car crash with his wife while they were returning home from... Read More »

QE-a Culpa

Recently I’ve been looking through some of the articles I’ve written about QE over the last few years. I spent much of the post financial crisis period learning about monetary theory and wondered about the extent to which this... Read More »