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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Freedom Institute doing excellent work in Ireland
By Alex Singleton

2005-03-31-blackmarket.jpgThree of the bright young people behind the Freedom Institute, an Ireland-based free-market think tank, came and visited the ASI recently. The Freedom Institute is doing sterling work in Ireland. They've recently been publishing on topics like: the relationship between church and state; poverty; and where human rights went wrong.

To give an idea of where the Freedom Institute is coming from, their home page quotes Ronald Reagan saying: "There stands before the entire world one great and inescapable conclusion: Freedom leads to prosperity. Freedom replaces the ancient hatreds among the nations with comity and peace. Freedom is the victor. " Quite right.

They have a good blog, too. I particularly liked a blog entry entitled The State Creates the Black Market, accompanied by the poster (right). It serves as a useful reminder to politicians that it is government action that has created drug dealers. I don't want to live in a society where everyone's drugged out, but almost anything that politicians could do would be better than the status quo.

Final note: It's my last day at the ASI - I'm leaving to run the Globalisation Institute - so I thought I would be indulgent and say goodbye. A gorgeous lead crystal captain's decanter has found its way onto my desk today. I've secretly been wanting one of these for ages, so it's very much appreciated.



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Adam Smith Institute
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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.