Adam Smith Institute

Michael Forsyth provides the solutions for the abject failure of public services in the late 1970s and early 1980s: "Local authorities seeking to make cuts in expenditure and increase benefits to ratepayers must now undertake extensive privatization of their services. The best method is just to do it, to put out services for private contract. The arguments of theory against the success of such action melt away in the practical results gained wherever it is done. The British people have come to expect that public services will become lower in quality and' more expensive to provide. This need not be so. Privatization has its part to play, therefore, not only in re–servicing Britain, but in helping to restore the country's faith in itself."

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A report looking at the transport problems in the UK, and at one potential solution to it.

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Synopsis: In tracing the history of the leading ideas of the Social Market Economy in Germany to their various intellectual roots, Konrad Zweig offers some pertinent insights into the fundamentals of German economic thinking and policies, little known in the English–speaking world. In his foreword to this work, Professor Christian Watrin of the University of Cologne comments: "I see great merit in Dr. Konrad Zweig's essay in clarifying and describing the leading ideas of the German position to an English–speaking public. His paper shows a profound knowledge of the historical roots, but at the same time, his aim is to show the compatibility of a competitive market and social protection.

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A lucid account of the Suffolk Bank system which operated in Massachusetts between 1825 and 1858. Dr Trivioli shows that during this period a free enterprise central bank and clearing system operated with great success, bringing stability to a stuation where competing banks issued their own notes.

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