Politics: It’s a funny old game

Is there anything more off-putting to people outside the Westminster Bubble than witnessing the carnival of party conference season? If you don’t support a party, you’ll be as perplexed as an ornithologist at the Manchester derby. Everywhere you turn, discussions rage about the latest transfer news with rumours of the latest Conservative MPs to migrate […]

Are the markets wrong about CEO pay and the recovery?

CEO pay has risen by 937% since 1978 in the US, compared to a rise of just 10.2% for the average American worker, according to a centre-left American think tank. That feels like markets must be wrong, but as Scott Sumner points out, when market decisions and our intuitions clash, we’re often the ones at fault: […]

An interesting little story about path dependence

There’s no particular theoretical reason why the Burnley Miner’s Social Club should be the world’s largest consumer of the Benedictine liquer. There’s also no theoretical reason why it shouldn’t be: which is good for the fact is that it is. It’s a useful reminder of two things, the first being path dependence: A working men’s […]

Should we legalise commercial mercenaries?

Vishal was the 2014 winner of the Adam Smith Institute’s Young Writer on Liberty competition. Commercial mercenary activities have been deemed illegal globally and have significantly dwindled in the 21st century. Legalisation may be useful in the short and long-term. Currently, the extremist ISIS militants threaten to overthrow the Iraqi government. The Iraqi government requested assistance […]

The ASI is hiring paid gap year employees

The Adam Smith Institute is looking to hire two 18-19 year olds in between A-levels and university as paid gap year employees, working with the think tank on organising events, putting out publications, managing our database, handling merchandise, and running the office. The role is open to applicants of all political stripes (lively debate is […]