The RPI - An independent, charitable organisation dedicated to the study of regulation and deregulation
The RPI can announce the dates of our Annual Competition and Regulation Conference 2026, which will take place on the 14th and 15th of September 2026, at Lady Margaret Hall, Oxford.
Today the RPI can announce the launch of the RPI Membership Scheme, which guarantees organisations and individuals access to RPI Events and activities, allows those organisations and individuals a voice in shaping the RPI’s direction and schedule, and helps fund the RPI’s general mission
The RPI can announce the dates of our Annual Competition and Regulation Conference 2026, which will take place on the 14th and 15th of September 2026, at Lady Margaret Hall, Oxford.
This blog discusses Adam Smith’s insights on money and the absence of a market theory in his Wealth of Nations, highlighting the need for historical context and understanding of markets’ roles in reducing transaction costs.
Incoherence in governance hampers effective policymaking, echoing historical patterns of folly. To improve outcomes, a balanced approach integrating diverse perspectives is essential for coherent, productive decision-making.
Chapter 4 of the Wealth of Nations discusses money’s role in reducing exchange transaction costs, illustrating that institutional structures significantly influence economic behaviour, an idea later echoed by Ronald Coase in 1937.
Smith’s Theory of Moral Sentiments, published in 1759, explores human nature and moral judgement through the concept of a spectator who imagines the feelings and actions of others. It introduces the Impartial Spectator, a tool for self-evaluation. Smith’s insights, supported by modern neuroscience, inform our understanding of morality and community.
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