Following Rep. Kevin McCarthy's candid boasting about how the House Benghazi committee has been a great tool to take down Hillary Clinton—an admission being furiously rowed back as we speak—Rep. Adam Smith suggested that maybe it was...Show More Summary
This will be short. For decades, I've been an informal student of economic systems, and in particular, Free Market Capitalism. From all I've read and seen, there is no such thing in the world today. Perhaps in the days of Adam Smith (the 1700's) it existed, but no longer. Show More Summary
Congressman Adam Smith talks with Rachel Maddow about the admission by Kevin McCarthy that the House Select Committee on Benghazi is a political tool to...
Adam Smith wrote in his Wealth of Nations that, “people of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” He goes on to conclude that proposals for new regulations “ought always to be listened to […]
In the same year that Thomas Jefferson wrote the Declaration of Independence, Adam Smith famously made the case for business owner self-interest. He wrote: “It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own self-interest.” In [...]
A subtle milestone on the road to Single Payer, I hope by Slamfu To start off I’d like to mention that I am a huge fan of Adam Smith, and of Capitalism in general. I truly see the Capitalist system for all it’s warts as one of the two leading factors that has transformed the [...]Show More Summary
A new Adam Smith Institute paper, “Utility Gains: Assessing the Record of Britain’s Privatized Utilities” assesses the various utility sales of telecoms, gas, water and electricity companies during the 1980’s and 1990’s and looks at how government, shareholders and customers fared since the privatisation process. The paper argues that the following benefits occurred for each […]
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