Adam Smith Institute

Adam Smith Institute (ASI)

Background

The Adam Smith Institute (ASI) is a UK-based nonprofit think tank founded in 1977 by Madsen Pirie, Eamonn Butler and Stuart Butler, with the help of Antony Fisher of the Institute of Economic Affairs (IEA).1โ€œABOUT THE ADAM SMITH INSTITUTE,โ€ Adam Smith Institute. Archived January 10, 2017. Archive URLhttps://archive.is/YDLcN 2โ€œOur People,โ€ Adam Smith Institute. Archived January 10, 2017. Archive URLhttps://archive.is/YDLcN 3โ€œThink Tank โ€“ the Story of the Adam Smith Institute,โ€ Adam Smith Institute, February 14, 2012. Archived January 10, 2017. Archive URL: https://archive.is/KaYQI

The ASI originally promoted โ€œlibertarian and free market ideas,โ€ however officially changed their libertarian label to โ€œneoliberalโ€ in October 2016.4Sam Bowman. โ€œCOMING OUT AS NEOLIBERALS,โ€ Adam Smith Institute, October 11, 2016. Archive URL: https://archive.is/0l2Us

The ASI has published articles casting doubt on climate science and indirectly opposed green energy,5Alex Singleton. โ€œParliament goes hostile on climate change,โ€ Adam Smith Institute, September 11, 2013. Archived April 30, 2019. Archived .pdf on file at DeSmog. describing solar power in Britain as an โ€œimpossible dream.โ€6โ€œSOLAR POWER IN BRITAIN: THE IMPOSSIBLE DREAM,โ€ Adam Smith Institute, October 14, 2016. Archived January 10, 2017. Archive URLhttps://archive.is/sCktv

The think tank has repeatedly called for the reversal of the ban on fracking for shale gas in the UK.7Tim Worstall. “Of course fracking will work,” Adam Smith Institute, September 10, 2022. Archived September 10, 2022. Archive URL: https://archive.ph/BxvA4 8Adam Lehodey. “Fracking can play an important role in lowering energy costs,” Adam Smith Institute, January 2, 2022. Archived October 2, 2022. Archive URL: https://archive.ph/CGSWi 9Tim Worstall. “Should’a gone fracking to beat fuel poverty,” Adam Smith Institute, August 20, 2022. Archived August 23, 2022. Archive URL: https://archive.ph/9yiK0

The ASI is one of a number of libertarian think tanks and lobby groups based in and around 55 Tufton Street, Westminster. Other members of the Tufton Street network include the Institute of Economic Affairs (IEA), the Centre for Policy Studies (CPS), and the TaxPayersโ€™ Alliance (TPA)

The ASI was one of three primary think tanks the Thatcher government relied upon for policy advice, alongside the IEA and the CPS.10Denham, Andrew; Garnett, Mark (January 1999). โ€œInfluence without responsibility? Think-tanks in Britain,โ€ Parliamentary Affairs 51 (1): 46โ€“57.

According to an internal Philip Morris report, a series of ASI proposals have become policy and been enacted into law. These include:11Philip Morris, โ€œThe Influence of the Adam Smith Institute,โ€ Legacy Tobacco Documents Library, Bates No 2065244208, December 1994 (estimated). Archived .pdf on file at DeSmog.

  • Requiring local authorities to allow private contractors to perform city services.
  • Building public infrastructure using private finance.
  • Deregulating urban bus services.
  • Cutting income tax to a maximum of 40 percent.
  • Using private firms to build and operate prisons.
  • Liberalizing laws relating to sale and consumption of alcohol.
  • Keeping down duties on alcohol and tobacco.

Stance on Climate Change

While the Adam Smith Institute does not appear to have published an official view on climate change, it has regularly posted articles that suggest climate change will not be as serious a problem as mainstream science has claimed, while advocating for continued fossil fuel exploration. Some examples include:

February 2016

ASI author Tim Worstall suggested new evidence has arisen โ€œwhich should stop people worrying so much about climate change. Of course, it’s not going to but it should. That news being that the worst estimates of emissions and thus temperature changes just are never going to take place.โ€12โ€œTHE END OF THE CLIMATE CHANGE SCARE,โ€ Adam Smith Institute, June 14, 2016. Archived January 10, 2017. Archive URL: https://archive.is/FkhlE

โ€œAnything beyond a mild warming is predicated upon the idea of ever more fossil fuel use. If that’s not true because of what we’ve already done then anything beyond a mild warming is not true either,โ€ Worstall concludes.

November 2016

Writing for the Adam Smith Institute’s blog, Tim Worstall declared:13Tim Forstall. โ€œTHE LATEST MISLEADING STORY ABOUT CLIMATE CHANGE,โ€ Adam Smith Institute, November 15, 2016. Archived January 10, 2017. Archive URL: https://archive.is/Mkbl9

โ€œThe truth about the catastrophic part of climate change is that we’ve already done what we needed to do to avoid it even if the direst original predictions were true.โ€

September 11, 2013

A blog by the ASI‘s Research Director, Alex Singleton, entitled โ€œParliament goes hostile on climate change,โ€ said:14Alex Singleton. โ€œParliament goes hostile on climate change,โ€ Adam Smith Institute, September 11, 2013. Archived April 30, 2019. Archived .pdf on file at DeSmog.

โ€œParliamentโ€™s cushy consensus over climate change is dead. In 2008, when the Climate Change Bill had its third reading in the Commons, only five MPs voted against. But with doomsday predictions failing to materialize, and the planet failing to warm, MPs are starting to get more skeptical.โ€

December 2010

Brandon Patty, an author for the Adam Smith Institute blog, wrote:15Brandon Patty. โ€œSense needed in climate change talks,โ€ Adam Smith Institute, December 4, 2010. Archived January 10, 2017. Archive URL: https://archive.is/6Afvw

โ€œ[A]s we have seen over the past billions of years, our climate will change; whether humans are making an impact or not. Indeed, this is what climates do.โ€

Funding

The Adam Smith Institute (ASI) does not disclose its funding sources.

As of December 2023, the ASI had received an โ€˜Eโ€™ rating โ€“ the lowest possible rating โ€“ in openDemocracyโ€™s โ€˜Who Funds You?โ€™ analysis of Westminster think tank transparency.16โ€œUK think tanks and campaigns rated for funding transparency,โ€ openDemocracy, December 2023.ย Archived March 26, 2024. Archive URL:ย https://archive.ph/ezEqI In 2016, the think tank Transparify ranked ASI as one of the four least transparent think tanks in the ย U.K. regarding theirย funding in a report..17โ€œHow Transparent are Think Tanks about Who Funds Them 2016?โ€ (PDF), Transparify, June 29, 2016. Archived .pdf on file atย DeSmog.

A joint investigation published by DeSmog and Democracy for Sale revealed that Conservative Party donors had given ยฃ6.8 million to Tufton Street think tanks between 2019-2024, ยฃ60,000 of which was donated to the Adam Smith Institute via Adam Smith Research and the Adam Smith Research Trust.18Peter Geoghegan, Lucas Amin and Sam Bright. โ€œTory Donors Have Pumped Almost ยฃ7 Million into Tufton Street Since 2019,โ€ DeSmog, June 13, 2024. Conservative Party peers Lord Vinson and Lord Borwick donated ยฃ40,000 and ยฃ20,000 respectively.

In an archived version of their website, the ASI declares that โ€œthe Adam Smith Institute accepts no government funding. Most of our funding comes from private individuals who believe in liberty and want to see a freer world; the rest comes from various foundations, businesses and the sales of our books.โ€19โ€œFrequently Asked Questions,โ€ Adam Smith Institute. Archived December 8, 2011. Archive URL: https://archive.is/vUQQw

The following is combined data from publicly available 990 forms and data collected by the Conservative Transparency project.

View the attached spreadsheet for details on the Adam Smith Institute’s funding by year (.xlsx).

DonorTotal
John Templeton Foundation$1,439,853
Aequus Institute$40,000
Pierre F. and Enid Goodrich Foundation$40,000
TWS Foundation$22,000
Dunn’s Foundation for the Advancement of Right Thinking$20,000
Earhart Foundation$15,000
Stiles-Nicholson Foundation$10,000
The Lynde and Harry Bradley Foundation$5,500
Center for Independent Thought$5,000
Huizenga Foundation$2,000
Charles G. Koch Charitable Foundation$1,000
Grand Total$1,600,353

Tobacco Industry Funding

A 2013 investigation by the Observer found that the ASI had, along with the Institute of Economic Affairs, received tens of thousands of pounds worth of donations from tobacco companies.20โ€œHealth groups dismayed by news ‘big tobacco’ funded rightwing thinktanks.โ€ The Observer, June 1, 2013. Archived September 29, 2015. Archive URLhttps://archive.is/TRdJz

A September 1992 document from The Confederation of European Community Cigarette Manufacturers (CECCM) mentioned a recommendation for a โ€œtwo-phased Adam Smith Institute project on a counter-defence of the traditional values of European individual freedom – within a special project budget of ยฃ30,000.โ€21Confederation of European Community Cigarette Manufacturers Limited, โ€œBoard Meeting to be held at 1000am on Tuesday, 8 September 1992,โ€ page 2. Bates number:500002882-500002883. Retrieved from Truth Tobacco Industry Documents. Archived .pdf on file at DeSmog.

According to an 1992 internal Philip Morris memo, ASI also met with PM to discuss preliminary plans for an International Journalism Center to train journalists to be โ€œideologically consistent with PM‘s issues and interests.โ€22Craig Fuller. โ€œJanuary Monthly Reportโ€, Memo, February 4, 1992, Bates Number 2024671858/1861. Retrieved from Truth Tobacco Industry Documents. Archived .pdf on file at DeSmog.

Financial Statements

Key People

Staff

Name2009201220132014201520162017Description
Annabel Denham     YYProgrammes Director, The Entrepreneurs Network
Ben Southwood   YYYYHead of Research
Charlotte Bowyer   YY  Head of Digital Policy Research
Eamonn ButlerYYYYYYYDirector
Ellie Weston     Y Programmes Officer
Flora Laven-Morris     YYHead of Communications
JP Floru Y     Senior Fellow
Kate Andrews    Y  Communications Manager
Madsen PirieYYYYYYYPresident
Philip SalterY  YYYYDirector, The Entrepreneurs Network
Sally Thompson Y     Communications Director
Sam Bowman YYYYYYExecutive Director
Sam Dumitriu      YHead of Projects
Steve BettisonY      Operations Director
Tim Evans Y     Senior Fellow
Tom CloughertyYY     Senior Fellow

Fellows & Senior Fellows

Name200820092010201420152017Description
Patrick Crozier Y    Fellow, Transport
Anthony J. Evans   YYYSenior Fellow
Anton Howes     YFellow
Cecile PhilippeYYY   International Fellow
Christopher Snowdon     YFellow
Deepak LalYYY  YSenior Fellow
Dominique Lazanski   YYYSenior Fellow
Eben WilsonYYY  YSenior Fellow
Gabriel SteinYYY  YSenior Fellow
Gavin KennedyY Y   Fellow, Adam Smith
Helen EvansYYY  YFellow
Ian SeniorYYY   Fellow, Industry
James B. StanfieldYYY   Fellow, Education
James BartholomewYYY  YFellow
Jamie Whyte     YSenior Fellow
John HibbsYYY   Fellow, Transport
JP Floru  Y  YSenior Fellow
Keith BoyfieldYYYYYYSenior Fellow
Kevin Dowd     YSenior Fellow
Lars Christensen    YYSenior Fellow
Michael GoldsmithYYY   Senior Fellow, Healthcare
Miles Saltiel  YYYYSenior Fellow
Nigel HawkinsYYY  YSenior Fellow
Patrick CrozierY     Fellow, Transport
Preston Byrne    YYFellow
Richard TeatherYYY   Fellow, Taxation
Roland Smith     YFellow
Ruth LeaYYY   Senior Fellow, Economy
Terence KealeyYYY   Senior Fellow, Education
Tim AmblerYYYYYYSenior Fellow
Tim EvansYYYYYYSenior Fellow
Tim WorstallYYYYYYSenior Fellow
Tom Clougherty   YYYSenior Fellow
Tom Papworth  Y  YSenior Fellow
Vaclav KlausYYY   International Fellow
Vuk Vukovic     YFellow

Board Members (2000)

As of July, 2000, ASI listed board members on their website:23โ€œBoard Members,โ€ Adam Smith Institute. Archived July 8, 2000. Archive URL: https://archive.is/lOnJb

NameDescription
Bill MarvinComprehensive Medical Review
Darrell IssaDirected Electronics
David DuncanLoranda Corporation
H. Rick OtisRPM Clarklift
Hon. Jim GibsonNova Voice & Data Systems
Joel AndersonPolitically Direct
Mike Fredenburg 
Samuel A. HardageWoodfin Suite Hotels

Authors 24โ€œBlog,โ€ Adam Smith Institute. Archived January 10, 2017. Archive URL: https://archive.is/OGsYN

Actions

October 16, 2020

The government announced that the ASIโ€™s Deputy Director Matthew Kilcoyne was one of 21 members appointed to the Strategic Trade Advisory Group (STAG), described as a โ€œforum for high-level strategic discussions between government, and stakeholders representing a cross-section of interests from all parts of the UK on trade policy matters.โ€26Strategic Trade Advisory Group, GOV.UK, October 16, 2020. Archived October 20, 2020. Archive URLhttps://archive.vn/p2Vyf 

October 6, 2020

The ASIโ€™s Head of Research, Matthew Lesh, wrote an article in The Telegraph disputing the cost implications of Prime Minister Boris Johnsonโ€™s plans to power every home in Britain with wind energy by 2030. Lesh stated: โ€œSadly, however, Old Boris was right. The capital and operating costs of wind remain extremely high. Wind cannot provide reliable energy, causes substantial broader grid costs and risks blackouts.โ€27Matthew Lesh. โ€œOld Boris was right: wind power is expensive, statist and won’t deliver the reliable energy we need,โ€ The Telegraph, October 6, 2020. Archived December 14, 2020. Archive URL: https://archive.vn/3zKbZ 

He added: โ€œWhen the sun stops shining and the wind stops blowing, we need backup coal, gas or nuclear. This means funding the cost of maintaining equivalent backup capacity. (Despite improvements, batteries remain far too low capacity and expensive to make up for the intermittency of solar and wind.)โ€

October 10, 2019

The ASI‘s Head of Research, Matthew Lesh, wrote an article in The Telegraph criticising ongoing protests by climate activist group Extinction Rebellion. He called the movement a โ€œdoomsday cult, devoid of any association with realityโ€ and finished by saying:28Matthew Lesh. โ€œExtinction Rebellion’s clueless doom-mongering is finally getting the scrutiny it deserves,โ€ The Telegraph, October 10, 2019. Archived October 10, 2019. Archive URLhttp://archive.fo/nT8iB

โ€œClimate change is a serious problemโ€ฆBut broadly speaking, the market system is perfectly capable of responding to these issues โ€” without the need for apocalyptic predictions or the immiserating solutions demanded by Extinction Rebellion.โ€

October 14, 2016

The Adam Smith Institute (ASI) released a report describing solar power in Britian as an โ€œImpossible Dream.โ€ The paper (PDF), authored by Dr. Capell Aris, is co-sponsored by the ASI and The Scientific Alliance.29โ€œSOLAR POWER IN BRITAIN: THE IMPOSSIBLE DREAM,โ€ Adam Smith Institute, October 14, 2016. Archived January 10, 2017. Archive URLhttps://archive.is/sCktv

The paper, which attempts to refute the idea that a combination of wind power generation and solar power can provide a secure, affordable, and low carbon energy supply for the UK and EU, concludes that โ€œno combination of wind and solar energy with backup storage would be suitable to supply a significant proportion of grid electricity without full conventional backup being available.โ€30Dr. Capell Aris. โ€œSolar Power in Britain The impossible dreamโ€ (PDF), Adam Smith Institute and The Scientific Alliance, October 2016. Archived .pdf on file at DeSmog. 

October 24, 2014

The Adam Smith Institute co-released a report with the Scientific Alliance titled โ€œWind Power Reassessed: A review of the UK wind resource for electricity generationโ€ (PDF).31Dr. Capell Aris. โ€œWind Power Reassessed: A review of the UK wind resource for electricity generationโ€ (PDF), The Scientific Alliance and the Adam Smith Institute, October, 2014. Archived .pdf on file at DeSmog.

According to the report summary, โ€œThe UK wind debate assumes that wind farms operate at roughly their average output most of the time. According to Dr. Capell Arisโ€™ new paper produced in concert with the Scientific Alliance this is not true.โ€32Ben Southward. โ€œWind Power Reassessed: A review of the UK wind resource for electricity generation,โ€ Adam Smith Institute, October 27, 2014. Archived January 10, 2017. Archive URL: https://archive.is/PfN6y

September 11, 2013

The ASI published a blog by the ASI‘s Research Director, Alex Singleton, entitled โ€œParliament goes hostile on climate change,โ€ in which Singleton claims that โ€œdoomsday predictionsโ€ about climate change were โ€œfailing to materializeโ€ and that the planet was โ€œfailing to warm.โ€33Alex Singleton. โ€œParliament goes hostile on climate change,โ€ Adam Smith Institute, September 11, 2013. Archived April 30, 2019. Archived .pdf on file at DeSmog.

The blog quotes numerous MPs with a record of climate science denial and opposition to climate policy, including David Davies, Graham Stringer, Sammy Wilson, Peter Lilley and Philip Davies, speaking in a House of Commons Westminster Hall debate on the topic.34Alex Singleton. โ€œParliament goes hostile on climate change,โ€ Adam Smith Institute, September 11, 2013. Archived April 30, 2019. Archived .pdf on file at DeSmog.

December 12, 2011

The Adam Smith Institute released a report titled โ€œRenewable Energy: Vision or Mirage,โ€ that claims โ€œthe governmentโ€™s focus on renewable energy sources is misguidedโ€ in the UK.35โ€œRenewable energy cannot meet UK energy needs,โ€ Adam Smith Institute, December 12, 2011. Archived January 9, 2017. Archive URL: https://archive.is/vrSvr

ASI co-published the report with the Scientific Alliance, an organization originally set up by the director of the British Aggregates Association, Roburt Durward, who has called himself a โ€œbusinessman who is totally fed up with all this environmental stuff [โ€ฆ] much of which is unjustified, such as the climate change levy.โ€36Andy Rowell. โ€œHard Rockers,โ€ The Guardian, July 11, 2001. Archived January 10, 2017. Archive URL: https://archive.is/a1Q9y

April 1991

Eamonn Butler, Director of the Adam Smith Institute, was listed on the National Center for Policy Analysis โ€œEnvironmental Task Forceโ€ that contributed to the NCPA report โ€œProgressive Environmentalism: A Pro-Human, Pro-Science, Pro-Free Enterprise Agenda for Changeโ€ (PDF).37โ€œProgressive Environmentalism: A Pro-Human, Pro-Science, Pro-Free Enterprise Agenda for Changeโ€ (PDF), National Center for Policy Analysis, April 1991. Retrieved from Greenpeace USA. Archived .pdf on file at DeSmog.

The report refers to a group of โ€œreactionary environmentalistsโ€ who โ€œdo not believe in human progress,โ€ who โ€œidealiz[e] the life of the American Indian or life in medieval communities.โ€ According to the authors, this group is โ€œunited by a distaste for modern industrial society and what borders on worship of the peasant way of life.โ€

The NCPA report classifies this group as โ€œAnti-Human,โ€ โ€œAnti-Technology,โ€ โ€œAnti-Science,โ€ โ€œAnti-Growth,โ€ โ€œAnti-Free Enterprise,โ€ and as โ€œThe Disaster Lobbyโ€ by โ€œthriv[ing]โ€ on crisis.

The report includes a section on climate change, that implies global warming would be beneficial. See excerpts below:

โ€œ[E]vidence suggests that warmth is life-enhancing and life-sustaining, whereas cold is life-threatening [โ€ฆ]โ€

โ€œ[A]tmospheric CO2 levels have varied radically as life on earth has evolved. Moreover, just as warmth has always been unambiguously good for life, so has CO2 [โ€ฆ]โ€

โ€œAlthough CO2 levels in the atmosphere have fluctuated over time, a secular decline in CO2 has been going on throughout the 4.5 billion-year history of the Earth. If this trend continues, and there is no scientific reason to think it willn ot, eventually our planet will become as lifeless as Mars.โ€

Members of NCPA‘s โ€œEnvironmental Task Forceโ€ included:38โ€œEnvironmental Task Force,โ€ National Center for Policy Analysis. Archived February 6, 2007. Archive URL: https://archive.is/MyUwq

Adam Smith Institute Contact & Location 

As of January, 2017, the main contact address was:39โ€œContact Us,โ€ Adam Smith Institute. Archived January 10, 2017. Archive URL: https://archive.is/YVmp7

Adam Smith Institute,
23 Great Smith Street,
London SW1P 3BL,
United Kingdom

Tel: +44 (0)20 7222 4995
Email: [email protected]

  • Adam Smith International

The Adam Smith Institute had past affiliation with Adam Smith International: โ€œAdam Smith International was set up in 1991 by a former Adam Smith Institute staff member. Since its initial work was on privatisation, two of the founders of the Institute served on its board. Even then, however, the two organisations (International and Institute) were financially and operationally independent. All formal ties were severed around five years ago. Since then there has been no overlap of staff or ownership at all.โ€ 40โ€œFrequently Asked Questions,โ€ Adam Smith Institute. Archived December 8, 2011. Archive URL: https://archive.is/vUQQw

  • Scientific Alliance

ASI has co-authored reports with the Scientific Alliance, a group that SourceWatch notes is populated by Britain’s most prominent biotechnology enthusiasts and climate change sceptics including Sallie Baliunas.41โ€œScientific Alliance,โ€ SourceWatch. Archive URLhttps://archive.is/GURyR

Social Media

Other Resources

Resources

Related Profiles

The Heartland Institute Background Stance on Climate Change Funding Key People Actions Heartland International Conference on Climate Change Related&n...
Profile image of Lamar Smith speaking at the Heartland Institute's 12th International Conference on Climate Change (ICCC12), screenshot via YouTube. Lamar S. Smith Credentials Lamar Smit...
Profile image screencapture from C-SPAN video, Tobacco Regulation and Global Climate Change, January 24, 2004. Fred L. Smith, Jr. Credentials Bachelor's of Science in Theoretical Mathema...
Profile image screenshot from YouTube, Joe Bast speaking at the Heartland Institute's 12th International Conference on Climate Change (ICCC12). Joseph Bast Credentials Joseph Bast studie...