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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Joke of the day 44
By Jokesmith

Fidel Castro was four hours deep into one of his six-hour speeches. Without pausing he handed the chairman a note which read "8th in from left, 17th row back." Armed police moved in discreetly and arrested the designated man as the speech continued. Afterwards the Cuban President was congratulated on spotting the traitor.

"How did you know?" asked the chairman.

"Simple," Castro replied. "I remembered comrade Lenin's dictum. The enemies of Socialism never sleep."



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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.