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.

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Another quango reveals itself
By Dr Eamonn Butler

No sooner do you kill off one regulation - after the latest 'cull' you can now buy methylated spirits on a Sunday (though not much else has changed) – than more appear.

Now advertisements have gone up across the UK alerting all chiropodists, dietitians, occupational therapists, paramedics and speech therapists that they have to be registered with the Health Professions Council, under pain of a £5000 fine.

This regulator was set up under the 2001 Health Professions Order (that's the kind of thing that just goes through Parliament on the nod with lots of other junk), though I've not seen anything from them before, so I guess it's taken them four years to get going. But they list 60 staff on their website, so it's not exactly an inexpensive quango.

No doubt all qualified medical personnel, like arts therapists (yes, that's another one) and orthotists all welcome this measure, despite the paperwork it involves. After all, it ensures patients are cared for by qualified staff (assuming they bother to check the register).

Well, it might. What professional regulation certainly does, as Milton Friedman and Simon Kuznets explained in their book, Income from Independent Professional Practice, is to keep out the competition and raise fees.



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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.