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May 16 2008 12:00am EDT
Pricing Panmure House
The Adam Smith Institute reports that Edinburgh councillors have sold the great economist's house to Heriot-Watt University:
They chose the £800,000 bid over a higher offer, on the grounds that the University would make the building more accessible to the public. The University plans to restore the house to promote the study of economics.
The sale has to be scrutinized by the Scottish Government in nearby Holyrood, but the Heriot-Watt bid is probably the best possible outcome for admirers of Smith.
Either that or taking the highest offer.
