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. 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 the BBC for 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 com-munity: 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

Among them are:

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

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.