This week the ASI hosted the feisty Ruth Davidson to deliver a lecture on lessons from Scotland’s founding father of economics – Adam Smith – outlining her vision of an alternative to the SNP’s statist agenda. The Scottish Conservative Party leader emphasised the need for Scotland to roll out the red carpet to its neighbours instead of continuing down the SNP’s route […]
I live at the crossroads of liberal and libertarian. Despite what some of you have said, I’m not Marxist (although I have read plenty of his work, along with Ayn Rand and Adam Smith, Milton Friedman followers, et al.) and economics for me qualifies as a hobby. Show More Summary
The annual Festival of Politics began tonight in the Scottish Parliament in Edinburgh. And it is only fitting that the city that produced both David Hume and Adam Smith should host it. The Festival of Politics is a tour de force in emerging...Show More Summary
This is from An Inquiry into the Nature and Causes of the Wealth of Nations  by Adam Smith (1723 – 1790), the great Scottish moral philosopher and the granddaddy of classical economics. This division of labor, from which so … Continue reading ?
From giant tin robots and laser shows to motion capture footage filmed at Andy Serkis' Imaginarium, The Chemical Brothers' latest live show features some spectacular visuals. We spoke to its creators Adam Smith and Marcus Lyall about the set following the band's performance at this year's Glastonbury Festival
Not all of us in the Adam Smith Institute agree on everything all the time. Life would be duller if we did. One topic that divides some of us is the notion of ‘nudge.’ Thaler and Sunstein wrote a book under that name in 2008, describing ways of “changing the choice architecture” so that people […]
The conduct of the North Carolina State Bar reminds one of Adam Smith's observation: "People of the same trade seldom meet together but the conversation ends in a conspiracy against the public or in some contrivance to raise prices....
That question is the topic of an ongoing debate at the Economist.com. Pete Spence of the Adam Smith Institute says no, as one would have expected given his institutional affiliation. Similarly his opponent in the debate, Alan Davey, chief executive … Continue reading ?
Americans believe in free markets almost as fervently as they do in God. Faith in Adam Smith cuts across religions and denominations. That is why it is so hard for many of us to accept as reasonable the Chinese government's massive intervention over the last 10 days to arrest the collapse of its...
From The New York Times, April 9, 1961. Excerpt: Since his baptism in medieval times, Aristotle has served many strange purposes. None have been odder than this sacramental alliance, so to speak, of Aristotle with Adam Smith. The extraordinary virtues...
Northampton Town sign goalkeeper Adam Smith, who was sacked by Leicester City for his part in a racist sex tape.
US presidential hopeful Jeb Bush says that, with the right policy reforms, the US can achieve 4% annual growth. As economic historian (and Adam Smith Institute Fellow) Anton Howes has pointed out, historically it’s very hard to sustain growth above 2% except when you’re catching up, either after a recession or as a poor country […]
In his 1759 work, The Theory of Moral Sentiments, Adam Smith wrote presciently about the interdependence between business and society. It is our belief that only a true focus on long-term value creation can maximise overall returns to...Show More Summary
FC Halifax Town forward Adam Smith becomes Wrexham's eighth signing of the close season.
Image Credit: Richard Greenhill and Hugo Elias of the Shadow Robot Company The discovery of America by Christopher Columbus in 1492 is unequivocally hailed as a turning point in world history. Political philosopher Adam Smith referred...Show More Summary
Former Leicester City Football Club players Tom Hopper, Adam Smith and James Pearson can’t say they didn’t go out on top. LCFC announced today that each member of the trio—who infamously livened up the team’s “goodwill” visit to Thailand with an orgy filled with racist remarks —have had their contracts terminated. Read more...
Leicester City have sacked Tom Hopper, Adam Smith and James Pearson after an internal investigation. Their dismissals are in relation to last month's emergence of videos that appeared to show the trio engaging in sexual activity with...Show More Summary
"Man naturally desires, not only to be loved, but to be lovely; or to be that thing which is the natural and proper object of love."
Every Voice: The massive political network of the billionaire Koch brothers has made a surprising new enemy: The Republican National Committee (RNC). “The RNC is now openly arguing, however, that the Kochs’ political operation is trying to control the Republican Party’s master … Continue reading ?
The depletion of mineral reserves poses no serious threat to society, a new monograph published today by the Adam Smith Institute has concluded. “The No Breakfast Fallacy: Why the Club of Rome was wrong about us running out of resources” argues that outcries over resource availability from environmentalist groups are based on a misinterpretation of […]