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1st August 2014 at 01:00

Fitting tribute to `father of modern economics'

I've been delighted to read reports of the swift progress being made in refurbishing Edinburgh's Panmure House, the final home of economist Adam Smith, a leading protagonist of the Scottish Enlightenment. Smith's legacy as the "father of modern economics" is beyond question, but I am particularly struck by the enormous breadth of his influence, stretching far beyond these shores and across the world.

When complete, the refurbished Panmure House will provide a lasting monument to Smith in the heart of Edinburgh's historic Old Town, almost 240 years after the publication of his seminal work The Wealth of Nations. I look forward to seeing this historic building realise its full potential as an appropriate venue for the sort of stimulating economic discourse and debate of which I am sure Adam Smith would be very proud.

By returning Panmure House to its former glory, Scotland pays a fitting tribute to one of its most influential sons.

Jim Tough
Executive director, The Saltire Society

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