The Adam Smith Institute
The Adam Smith Institute is the UK's leading innovator of free-market policies. Named after the great Scottish economist and author of The Wealth of Nations, its guiding principles are free markets and a free society. It researches practical ways to inject choice and competition into public services, extend personal freedom, reduce taxes, prune back regulation, and cut government waste.

The Institute is politically independent and non-profit. It works through research on policy options, publications, conferences and seminars, and helping to shape public debate in the media and among opinion-formers.

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Should we recycle household waste?
By Alex Singleton

Prof. Philip Stott, writing in the Times, argues that the decision whether to recycle needs to take into account both the economic and environmental costs:

...much recycling is ideological rubbish, a monumental waste of effort. And this is not just the view of free-market economists who see such "socialised systems of residual management" (rubbish collection to you and me) as market distortions. Both Valfrid Paulsson, the green guru and former director-general of Sweden's environmental protection agency, and Soren Norrby, the former campaign manager for Keep Sweden Tidy, argue that the whole concept of recycling household rubbish is a mistake.

They observe that "protection of the environment can mean economic sacrifices, but to maintain the credibility of environmental politics the environmental gains must be worth the sacrifice". Used bottles and glass cost twice as much as the raw materials, while recycling plastics is not only uneconomic, especially when oil prices are low, but often impossible - plastics coming in so many different chemical guises. Even paper recycling uses valuable energy and chemicals, with a strict limit on the number of times fibres can be recycled.

On a similar vein, Prof. Julian Morris argues in Spiked that where the invisible hand of the market is allowed to function, it is rather good at reducing waste. Letting the invisible foot of government take charge tends to increase waste.



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Adam Smith Institute
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Tel +44 (0)20 7222 4995

Adam Smith (1723-1790)
Adam Smith was the great Scottish philosopher and economist best known for "The Wealth of Nations", his pioneering book on free trade and market economics.

A wide selection of material about Adam Smith is now available on the Adam Smith website. This includes the full text of his two major works, The Theory of Moral Sentiments and The Wealth of Nations.