The Adam Smith Institute is a UK-based think tank founded in 1977, named after the 18th-century economist Adam Smith. It promotes free-market policies and advocates for limited government intervention in the economy. The institute conducts research and publishes reports on various economic issues, aiming to influence public policy and debate. The organization is known for its libertarian stance and supports ideas such as privatization, deregulation, and tax reform. It engages with policymakers, academics, and the public to promote its vision of a free and prosperous society, drawing on the principles laid out in Smith's seminal work, The Wealth of Nations.