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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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Torts and tortes

It’s pretty hard to lose weight. A lot evidence suggests that waist circumference is heritable, with as much as half the differences between individuals down to genes. But this genetic... Read More »

Well, yes and no Professor Krugman, yes and no

The economics of this is of course correct For Paul Krugman is indeed an extremely fine economist: We may live in a market sea, but most of us live on pretty big command-and-control islands, some of them very big... Read More »

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 minds in human history died this weekend in a car crash with... 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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Recent Research

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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 »

Do we need the FCA?

Students of the Financial Conduct Authority will appreciate the FCA’s Business Plan 2015/16 which mostly sets out what it does, but also touches on what it achieves and its value for UK citizens.  It is as close to accountability... 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 »