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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
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Which way the French vote?
By Dr Madsen Pirie
A reader writes: Which side do I support in the French referendum on the constitution? It would be nice to watch the faces of the unelected Eurocrats after a 'no' vote from France. It would deliver a swift uppercut to the dirigiste, top-down federalist vision. On the other hand, a 'yes' vote would be sweet if the French thought it forced them into an Anglo-Saxon liberalism, with free trade and free markets, which they seem to detest. Which side should I back? The ASI replies: "A 'no' vote might be more fun, in that it would cause a heart-searching re-evaluation within both the EU and France itself, as each had to re-think its future. It might be fun, too, to watch pro-Europeans in Britain trying to insist that a politically united Europe was still 'inevitable,' and to handle the fact that the Euro-train which we could not afford to miss was now a tangled mass of scrap metal. And the clang as Chirac's smile dropped to the floor might make a sweet sound. While we could, as you say, hail a 'yes' vote as the final triumph of perfidious Albion with its heartless Anglo-American economic model, the future will probably force that upon them whatever happens on May 29th.” Feedback
Please note: as of September 2005, all comments, as well as the comment posting facility moved to our new blog.
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Adam Smith Institute Tel +44 (0)20 7222 4995
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. |