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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David Hume remembered
By Dr Madsen Pirie

David Hume died on this day in 1776. He was, by my reckoning, the greatest philosopher of the empirical school. I chose his Enquiry Concerning Human Understanding as one of my all-time greatest books. I said:

What a joy it is to watch an intelligent mind thinking. Hume asks how we know things, and starts with himself. He muses about the status of sensory inputs. What is it that happens when we think we see something? We suppose the presence of an external world as the source of the inputs to our senses, but what evidence have we other than those senses themselves?
Hume concludes that our knowledge is more tentative than we suppose. His Enquiry is thus an ultimate anti-system book, with a covert sub-text of liberalism. If knowledge is that hesitant, wherein comes the authority to insist upon systems and to impose them?

Adam Smith, remembering him in a letter to William Strachan, delivered a famous epitaph:

Thus died our most excellent, and never to be forgotten friend; concerning whose philosophical opinions men will, no doubt, judge variously...but concerning whose character and conduct there can scarce be a difference of opinion... Upon the whole, I have always considered him, both in his lifetime and since his death, as approaching as nearly to the idea of a perfectly wise and virtuous man, as perhaps the nature of human frailty will permit.


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Adam Smith Institute
23 Great Smith Street
London SW1P 3BL

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.