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.

Blogosphere
2Blowhards
AFF Brainwash
Alex Singleton
Andrew Sullivan
Asymmetrical Information
Brian's Education Blog
Bureaucrash
Caricature Review
Catallarchy
Catallaxy Files
Chicago Boyz
CNE Health
Cobden
Crooked Timber
EnviroSpin Watch
Freedom and Whisky
Freedom Institute (Ireland)
Global Growth Blog
Globalisation Institute
Heritage Foundation
Hit and Run
The Kolkata Libertarian
Liberty and Power
NRO Corner
Pharmopoly
Poor and Stupid
Prestopundit
Samizdata.net
Social Affairs Unit
Spontaneous Order
Virginia Postrel
VodkaPundit
Volokh Conspiracy
The Welfare State We're In

Economics blogs

Ben Muse
Cafe Hayek
David Smith
Division of Labour
EconLog
Freedom Institute (Ireland)
Jujitsui Generis
Knowledge Problem
Marginal Revolution
Mises Economics Blog
Out of Control
Spontaneous Order (India)
Taking Hayek Seriously
Truck and Barter

UK blogs

An Englishman's Castle
Airstrip One
Andrew Dodge
Biased BBC
Blognor Regis
Clive Davis
Conservative Commentary
Daily Ablution
Daniel Hamilton
Debonair Gentleman
Edge of England's Sword
EU Referendum
House builder
Harry's Place
Iain Dale
Liberty Club
Mountaintop
Michael Jennings
Minarchist Musings
Melanie Phillips
Natalie Solent
Oliver Kamm
Patrick Crozier
A Place to Stand
Public Interest
Richard Lack
Rob Fisher
The Salisbury Pages
Th' inkwell
Tim Worstall
Trust People
White Rose

European bloggers

Christian Sandstrom
Christian Sandstrom
Washington DC wonks

Amy Ridenour
Radley Balko
Jerry Brito
Club for Growth
Gene Healy
Obernews
Tim Lee
Hanah Metchis
Tom Palmer
Julian Sanchez
Will Wilkinson

 
Environmental disasters
By Dr Eamonn Butler

The huge loss of life in the Indonesian tsunami disaster reminds us all of the terrible power of nature. The modest help we can give from afar looks sadly insufficient to the task of repairing the physical damage or relieving the human distress. All we can do is pause, reflect, and sympathize.

But no doubt the environmentalistas will soon be telling us that the whole world is open to coastal devastation like this unless we start doing more to enforce the Kyoto protocols and tackle global warming. But the lesson of Indonesia is the exact opposite.

The devastation was overpowering, yes. But the human cost is all the heavier because most of the countries affected are poor. Homes and workplaces weakly built; poor roads and telecommunications that make it hard to summon help or deliver it with speed and accuracy to where it is needed; inadequate medical and emergency services; too little education that could save lives.

It was the same in the Caribbean hurricanes earlier this year. Poor Haiti suffered enormous damage, with many killed and half its GNP wiped out. For rich Florida, hit by the same storm, it is basically an insurance claim. Homes and public infrastructure in Florida are more solidly built, storm planning is efficient, mobile phones are everywhere.

The real lesson is that we have to make the world richer. Because richer people can stand up to natural disasters better than poorer ones. We need trade, markets, peace, democracy, low taxes -- all the things that will deliver growth fast to the developing world. That is the way to save lives. Real lives that are being lost right now. Quite frankly, that will do more for the planet than the theoretical and far-off benefits of Kyoto.



Feedback
Please note: as of September 2005, all comments, as well as the comment posting facility moved to our new blog.
 
Contacting us

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.