The Adam Smith Institute, abbreviated to ASI, is a Libertarian think tank based in the United Kingdom, named after one of the founders of modern economics, Adam Smith. It espouses free market and classical liberal views, in particular by creating radical policy options in the light of public choice theory, which politicians can then develop. Its president, Madsen Pirie, has said "We propose things which people regard as being on the edge of lunacy. The next thing you know, they're on the edge of policy".
It was the primary intellectual force behind privatisation in the Thatcher era, and, with the Centre for Policy Studies and Institute of Economic Affairs, helped drive Thatcherite policy on privatisation, taxation, education, and health. Several of the Institute's policies have been adopted by the Major and Blair governments, and the ASI has also advised governments overseas.
The Institute currently advocates the free market by publishing books and policy proposals, advising foreign governments, calculating the British Tax Freedom Day, hosting speaker events for young people, and publishing a popular blog.
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... Prior co-founding the Adam Smith Institute, Pirie worked for the United States House of Representatives ... Pirie was one of three Scots living in the United States who founded the Adam Smith Institute ... The Institute is a UK-based think tank that champions the ideas of free market policy ...
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“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 interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our necessities but of their advantages.”
—Adam Smith (17231790)
“Whenever any form of government shall become destructive of these ends, it is the right of the people to alter or to abolish it, & to institute new government, laying its foundation on such principles & organising its powers in such form, as to them shall seem most likely to effect their safety & happiness.”
—Thomas Jefferson (17431826)
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Who was then the gentleman?”
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“The notion of making money by popular work, and then retiring to do good work, is the most familiar of all the devils traps for artists.”
—Logan Pearsall Smith (18651946)