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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Wired on nuclear
By Alex Singleton

The September issue of Wired (still, just about, on the newsstands in the UK), has an article on nuclear power in China. It won't appeal to ideological environmentalists who want us to use less energy. Then again, Wired isn't noted for an anti-technology line. The article discusses how China is going to cope with increasing demands for electricity and improve air quality at the same time. "What's an energy-starved autocracy to do? Go nuclear."

The article talks about how pebble-bed nuclear reactors are going to take over from more traditional and how these reactors have the nice side-effect of helping to extract hydrogen from water. The article doesn't mince words when saying that: "To power a billion cars, there's no practical alternative to hydrogen."

But what about safety? Wired says: "Suppose a coolant pipe blows, a pressure valve sticks, terrorists knock the top off the reactor vessel, an operator goes postal and yanks the control rods that regulate the nuclear chain reaction - no radioactive nightmare. This reactor is meltdown-proof."

It's an interesting article, well worth reading in full.

  • Further reading: Power to the People (PDF)



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    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.