David Hume Institute

The David Hume Institute (DHI) was founded in Edinburgh in 1985 by Professor Sir Alan Peacock, who also became its first Executive Director, and the industrialist Gerald Elliot, then Chairman of Christian Control Salvesen, an international logistics business.

Prior to his committement to the DHI Peacock was Professor of Economics at York University and Vice Chancellor of the independent (ie private) University of Buckingham. He also sat on a number of committees: for example, he was chairman of the Home Office Committee on Financing the BBC between 1985 and 1986, where he proposed making subscription to the BBC voluntary and to bring more more market mechanisms into the broadcasting sector. When, in 2004, the Institute of Economic Affairs (IEA), where Peacock was a Fellow, gave an address on the same topic, it boasted that Peacock's ideas were now being 'discussed by several commentators, including experts from the BBC and Ofcom' [1](accessd 3 February 2005). Peacock was member of various other UK Government and international Commissions and served as Chief Economic Adviser in the UK Department of Trade and Industry between 1973-76.

Northern neoliberal outpost

According to Peacock, his motivation to set up the DHI was to establish an institute independent of government funding in order to avoid constraints on research and publication and to counter the 'metropolitan perspective of economic events' coming from the overwhelming number of research institutes based in London (Peacock 1995). The DHI, in the 1980s, can be considered an outpost of neo-liberal thought and Thatcherite ideology in Scotland.

In 1995 Professor Brian Main, who in 2002 was official advisor of the Scottish Parliament Justice Committees One and Two, joined the institute and had been its director since 1999 until he was replaced by Jeremy Peat in June 2005. Peat served as Group Chief Economist at the Royal Bank of Scotland and was economist at the HM Treasury and the Scottish Office. He is also on the Board of Governors of BBC Scotland.

It is an interesting move to fill the position formerly held by an academic with a professional economist who has 'extensive connections with business and areas of government in Scotland and further afield'. Peat's appointment probably will push the DHI into a more business-oriented direction and will open new sources of sponsorship.

The DHI's board of trustees unites the who's who of the Scottish policy community: senior journalists, members of the Scottish Parliament's Corporate Body Audit and Advisory Board, the CEO of TSB Scotland and a high official of the Rowntree Foundation. The DHI commissions external re-searchers as it does not employ full time research staff.

People

Board of Trustees

• Robert Bertram, currently a member of the Scottish Parliament Corporate Body's Audit and Advisory Board ([2] Accessed 17 November 2004).

• Jo Elliot

• Gavin Kennedy

• Nick Kuenssberg

• Andrew Ferguson worked briefly for the Conservative Party research unit before joining The Economist and the Sunday Times. Now he works at the Scotsman newspaper as Editor-in-Chief ([3] Accessed 17 November 2004).

• Isabelle Low, formerly a Scottish Executive civil servant, is now Deputy Chair of the Accounts Commission for Scotland ([4] Accessed 17 November 2004).

• Ken Lyall

• Eileen MacKay

• Hector MacQueen

• Donald MacRae

• John Murray QC

• Joan Stringer CBE

• Susan Rice, chief executive of Lloyds TSB Scotland plc, was a member of HM Treasury's Policy Action Team on access to financial services. She is also a member of the Foresight Sub-Committee on Retail Finance, on the board of Scottish Business in the Community, and a member of the Scottish Advisory Task Force on the New Deal ([5] Accessed 17 November 2004).

• Professor Duncan MacLennan worked for the Rowntree Foundation and has provided advice to the World Bank, the European Commission and the European Parliament ([6] Accessed 17 November 2004).

Trustees at February 2006

• Mr. Robert Bertram WS
• Mr Jo Elliot
• Mr. Andrew Ferguson
• Professor Gavin Kennedy
• Mr. Nick Kuenssberg
• Dr Isabelle Low
• Dr Ken Lyall
• Miss Eileen Mackay CB (Chairman)
• Professor Hector MacQueen FRSE
• Professor Donald MacRae
• Professor John Murray QC
• Professor David Simpson
• Professor Joan Stringer CBE FRSE

Staff

• Director Mr Jeremy Peat
• Development Director Catriona Laing
• Academic Director Professor Brian Main

Honorary President (2005 - )

Lord Sutherland of Houndwood

Past Honorary Presidents

• Professor Sir Alan Peacock, FBA, FRSE (2002-2005)
• Lord Mackay of Clashfern, KT, PC (1999-2002)
• Sir Samuel Brittan, (1996-1998)
• Judge David Edward, CMG, QC (1992-1995) European Court of Justice
• Judge Thijmen Koopmans (1988-1991) Court of Justice of the European Communities
• Professor George Stigler (1984-1987) Nobel Laureate in Economics

Honorary Vice Presidents

• Professor James Buchanan Nobel Laureate in Economics
• Professor Francesco Forte
• Professor Neil MacCormick, FBA, FRSE
• Mr. Allan Massie

Honorary Trustees

• Mrs. Catherine Blight
• Sir Gerald Elliot FRSE
• Lady Anne Mackenzie-Stuart
• Professor Sir Alan Peacock FBA, FRSE
• Sir John Shaw CBE, FRSE

Funding

Between 2000 and 2004, the DHI received financial sponsorship from blue chip corporations including the Royal Bank of Scotland, the Bank of Scotland, Lloyds TSB Scotland and Standard Life. The academic background of the DHI is reflected in the sponsorship by the ESRC and Edinburgh University's Europa Institute. Some individuals, including a member of the board of the SCDI and a Scotsman journalist, were also among the financial contributors (Source:[7] )

Financial sponsorship from 2000 to 2006

Economic & Social Research Council: 23 November 2006 - "Policy making in a devoloved environment" ; 10 October 2006 - "Does size matter? - An investigation of the link between post-devolution growth in public spending and Scottish economic performance" ; 2 November 2005 - 'Gordon Brown and the public finances: sticking to the rules?' ; 5 October 2005 - 'The Sociology of Finance. When genius failed - revisited.' ; 20 June 2005 - 'Does Public Sector Wage Setting Constrain Devolution?'; 24 February 2005 - 'The Risk Management of everything. Rethinking the politics of uncertainty'; 11 November 2004 - "Making Executive Pay Work: remuneration committees and their effectiveness"; 27 October 2004 - "Improving Public Services: targets, performance and other regulatory arrangements"; Shepard & Wedderburn: 7 November 2006 - "BBC Governance and Accountability - the new regime"; Seminar 23 June 2004 - 'The Simultaneous Fall and Rise of Mutuality'; Spring Seminar Series 2003 "Diseminating the Results of ESRC Research"

The Stewart Ivory Foundation: 23 May 2006 - "Is Britain well served by it's financial press" ; 28 April 2005 - 'Global Markets, Investment, Management and the Role of Financial Reporting' ; Seminar 9 September 2004 - "Restoring Trust - Investment in the twenty-first century"; Spring Seminar Series 2004; 12 February 2004 - "The Private Finance Initiative. From the foundations up" 18 March 2004 - "The Equitable Life Report"; Spring Seminar Series 2002 "Fund Management - Twenty-First Century Challenges"

Scottish Water Commission: 19 April 2006 - "Balancing regulation and competition in the water business in Scotland"

Joint Event with the Securities & Investment Institute: 14 March 2006 - "Trust and Integrity: Principles and Practice"

Royal Bank of Scotland: 1 March 2006 (Annual Lecture) - 'The European Union and the Idea of a Perfect Commonwealth'; Hume Lecture 7 October 2004 (Lecture and Publication) "Regulation and Politics: The need for a new dialogue"; Presidential Address 8 March 2001(Lecture and Publication) "Are Lawyers Parasites?"

Standard Life: 9 February 2006 - "The appropriate role of Government in the provision of pensions. Some insights drawn from the Second Report of the Pensions Commission"; Publication of Hume Lecture "The European Union and the Nation State"

The Scottish Economic Society & The Royal Society Of Edinburgh: 24 March 2005 - 'The Globalization of Labour Markets and the consequences for Economic Policy'

The Binks Trust: 27 May 2004 - "The Future of the Scottish Fishing Industry"; Spring Seminar Series 2004; 22 April 2004 - "Tilting at Windmills. The economics of wind power"

Mr Andrew Ferguson: Spring Seminar Series 2004, 11 March 2004 - "NHS Scotland versus NHS England. Lesson to be learned"; Autumn Seminar Series 2000 "Economic and Monetary Union"

Cairn Energy: Presidential Address 2003

Europa Institute: Human Rights Legislation Seminar (Nov 2003)

Noble & Co.: PFI Seminar (Mar 2003)

The Esmee Fairbairn Foundation: Autumn Seminar Series 2002 "Has Devolution Delivered?"

Lloyds TSB Scotland: Hume Lecture 7 March 2002 (Lecture and Publication) "Hume, Liberty and the Market - a Twenty-First Century Perspective "

Sir Alan Peacock: Autumn Seminar Series 2001 "Establishing Competitive Economic Advantage in the Scottish Economy."

Shepherd & Wedderburn: Spring Seminar Series 2001 "Regulation"

Bank of Scotland: Hume Lecture 18 May 2000 "The European Union and the Nation State"

Activities

The DHI hardly pursues any local, national or international cooperation with other think-tanks or research institutions. The only ongoing cooperation is to be found with the Europa Institute of the University of Edinburgh. Though Diane Stone describes the DHI as an advocacy institute which is part of a wider epistemic community of privatisation and as the Adam Smith Institute's Scottish counterpart, today it has neither the interest nor the ability in a wider cooperation with other like-minded institutions' (Stone 1995, 22). In 2004, the DHI's director stated that it was struggling to get press attention, because of the media's commercial structure: the 'press generally want you to say something quite sensational, political, and we [] are generally not talking in those terms'. Such media relations were left to institutes which 'are more politically oriented. [..] to be pejorative, some of them are for people who actually want to be MPs or politicians'.

References

• Stone, Diane. (2003) Think-tanks and the Privatisation Band-Wagon in: Lovenduski,J. and Stanyer, J. (eds). Contemporary Political Studies; Belfast: Political Studies Association, Vol. 1, 1995
• Peacock, Alan (1995)Kuenssberg, Nick and Lomas, Gillian. (eds) The David Hume Institute. The First Decade. Norwich : Page Bros Ltd.