James Price

James Price is a senior fellow at the Adam Smith Institute.

Articles

Badenoch's Tories have rediscovered Adam Smith
Conservatives

Badenoch’s Tories have rediscovered Adam Smith

Just as there is a battle on the Right in Britain, so too is there a battle inside the Conservative Party for what the party should focus on. There are those who are concerned about the threat of political Islam, the damage to the social fabric of the Boriswave and other elements of mass immigration, […]

The private sector can take Britain back to the stars
Technology

The private sector can take Britain back to the stars

In the graphic novel ‘Ministry of Space’, an alternate history is imagined whereby Great Britain nabs the Nazi rocket scientists before the US or USSR. Churchill becomes, in addition to his other (real) accolades and achievements, the father of the British space programme that sees us win the space race. There is a particularly poignant […]

Why Labour are a bigger threat to jobs than AI
AI

Why Labour are a bigger threat to jobs than AI

The Victorian economist William Stanley Jevons was clearly a worrier. When, in 1863, the Tyneside arms-maker Sir William Armstrong calculated that Britain’s coal would run out in 212 years, Jevons checked the sums. Armstrong had assumed the country’s appetite for coal grew by the same tonnage every year. But it actually grew by the same […]

Modern AI data centre at Bletchley Park with UK flag and surrounding trees.
AI

Britain invented the data centre – why can’t we build them?

In 1943, a Post Office engineer called Tommy Flowers built a codebreaking machine out of 1,500 thermionic valves, partly out of his own pocket. Within a year Colossus, the world’s first programmable electronic computer, was cracking Nazi High Command ciphers at Bletchley Park. Britain had invented the data centre, in a large shed, and chock-full […]

How driverless cars can save Britain
Technology

Driverless cars can save Britain

One doesn’t like to be a disappointment to one’s parents. But in (at least) one crucial regard, I’ve let my dad down. He is a steam train enthusiast, and I’ve never shown a blind bit of interest. So it was more with filial duty than pleasure that I took the old man to the Didcot […]

Why is Britain losing its millionaires?
Taxation

Why is Britain losing its millionaires?

The Roman historian Livy can claim to have invented an entire genre. Midway through his vast History of Rome, he breaks off from the narrative to ask a question nobody had thought to put in print before: what would have happened had Alexander the Great turned his armies west and marched on Italy? It is […]

Economics

Forget Manchesterism – try Adam Smith

In Gordium, the capital of Phrygia, stood an oxcart, its yoke connected to the pole by a knot of cornel bark so intricate that no one could find where it began or ended. An oracle promised that whoever undid it would rule all Asia. For generations, clever men picked at it, theorised, and organised what […]

What Burnham needs to learn from Thatcher’s Right to Buy
Housing

What Burnham needs to learn from Thatcher’s Right to Buy

For many people, there is a brilliant piece of music or an inspiring novel that changes their life. For a freak like me, it was obviously a documentary. And of course it was a documentary about Margaret Thatcher. Released just after she died, ‘Margaret, Death of A Revolutionary’ set me on the path of believing […]

Defence

Why more defence spending won’t fix Britain’s defence

In what could have been a comment on Scotland’s low-scoring, but nevertheless clean sheet-keeping win against Haiti in the World Cup, Adam Smith once remarked: ‘Defence is of much more importance than opulence’. But for too long now, Britain has had too little of either. The lack of capable military force has prompted (at the […]

Crime

Are you ready for the future of crime fighting?

In that bonkers novel, ‘Fear and Loathing in Las Vegas’, Hunter S. Thompson has a great line (well, in some ways, he has several) about crime in America: ‘In a closed society where everybody’s guilty, the only crime is getting caught. In a world of thieves, the only final sin is stupidity.’ But not even […]

Technology

Nimbys are holding back British tech

I walked the dog recently along the Thames Path, around the source (or one of the sources, so as not to cause a fight) of the River Thames. This time of year, much of it is all dried up, and you can walk along the bed of what in the winter is full-flowing river. Wondering […]

Energy & Environment

Britain needs to ignore the Blob and go nuclear

Three C-17 Globemasters. Eight shipping containers. The first nuclear reactor in history to be moved by air. While it feels like the opening of one of those special-forces slop series on Amazon that I count as one of my guiltiest pleasures, this is the very real Operation Windlord. The operation, conducted by the US Air […]

AI

The robot race is on, and Britain is falling behind

Can a robot write a symphony? Can it turn a canvas into a beautiful masterpiece?” Can you? This exchange from the film ‘I, Robot’ (and later parodied in a million memes) captures human fears and concerns about coexisting with robots, and what it means to be human. Fast forward 20 years, and artificial intelligence is […]

AI

Is this the world’s most dangerous AI model?

You will all know this experience. Sitting in a job interview, you are asked your biggest weakness. Desperate to impress, you used a humble brag; I’m a bit of a perfectionist, I get so invested in success. Something similar may have happened in the world of artificial intelligence. Anthropic, the company behind the large language […]

Economics

The Government has no business fixing prices

We called this column ‘The Price Mechanism’ because of my surname, but also to send a signal that with economic illiteracy on the rise in Westminster, certain economic fundamentals need to be constantly repeated for the hard of thinking. That’s exactly what prices do – they send signals about underlying market fundamentals. They contain huge amounts […]

Capitalism

What a 250-year-old book can teach us about AI

This week marks the 250th anniversary of Adam Smith’s ‘An Inquiry Into the Nature and Causes of the Wealth of Nations’. At the Adam Smith Institute (ASI), we have naturally been busy celebrating the masterwork’s semiquincentennial. Talks have been held, even graphic novels scribbled. Most importantly, pieces have appeared this week in CapX, written by […]

Innovation

Britain could lead the world in self-driving cars

Earlier this year, I left London, for all the reasons you’d imagine an evil right-winger like me would. One of the few (and there are only a few) pangs of regret I had was when I was driving my wife and dog out along the Westway for the final time. Coming the other way was […]

Technology

Will Elon Musk fly us to the moon?

Christmas may now be a distant memory, but I finally got to watch Frank Capra’s classic ‘It’s a Wonderful Life’. It really is a wondrous film, and not even my tipsy uncle talking all the way through it could dent it. One lovely line came back to me this week, where James Stewart’s George Bailey […]

Investment

Cosying up to China won’t save Britain’s economy

So, never-here-Keir is on, by my counting, his 38th overseas trip since entering Downing Street. This time, it is to Communist China, in what must feel like something of a homecoming for Starmer. The Prime Minister has declared that this trip will make Britain richer, which is a surprising goal given he is doing seemingly […]

Policy

Labour’s digital ID U-turn is the worst of all worlds

In the moments before Keir Starmer, our hapless Prime Minister, opened his mouth, mandatory ID cards were a theoretically popular policy. They polled well, despite the best efforts of civil liberties campaigners to highlight the dangers they pose to our freedoms. The most compelling arguments for the scheme were the ways that they could transform […]