Adam Smith Institute

From Academic Kids

The Adam Smith Institute is a think tank based in the United Kingdom, named after the father of modern economics Adam Smith. It is non-partisan, working with politicians of all parties, and espouses free market and classical liberal views. Its method is to create practical policy options for policy-makers, created in the light of Public Choice Theory, and has done much to re-establish market economics, individual incentives and choices, and economic flexibility in the place of state direction and control.

History

Madsen Pirie, Eamonn Butler and Stuart Butler were students together at University of St Andrews, Scotland. In 1973, they left Scotland to work with Edwin Feulner, who became co-founder of the free-market think tank the Heritage Foundation, in 1973.

After their apprenticeship in America, Eamonn Butler and Madsen Pirie returned to Scotland in 1977 to found their own think tank, the Adam Smith Institute, set up with the help of Antony Fisher of the Institute of Economic Affairs.

Highlights from the Adam Smith Institute website

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