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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Dr Laurence Hayek
By Dr Eamonn Butler

Free-marketeers and friends of Dr Laurence Hayek will be shocked and saddened to learn of his sudden death at the age of 70. A very practical microbiologist who always thought economic theory completely bamboozling, he was of course the son of the Nobel Laureate in Economics, Friedrich Hayek.

In later years he became a sort of roving representative for his father's life and work, appearing all round the world on platforms alongside other Nobel laureates (Milton Friedman, James Buchanan, Gary Becker...) and prominent people like EU-Commissioner Fritz Bolkestein, former president of the German Central Bank Hans Tietmeyer, Lord Harris of High Cross, Professor Ralf Dahrendorf, and many more.

I saw him last a few weeks back, at an evening seminar to mark the 60th anniversary of the publication of his father's book The Road to Serfdom. As usual, he had brought an impressive (and priceless) assortment of family memorabilia, including early photographs, the Nobel Prize certificate, various medals, and of course the legendary manuscript copy of The Road to Serfdom itself.

Larry Hayek had been very kind in lending much of this material to the Adam Smith Institute during the preparation of our illustrated biography of his father, Hayek: A Commemorative Album by John Raybould. He had become a good friend and is bitterly missed.



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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.