The First Art Newspaper on the Net   Established in 1996 United States Friday, July 20, 2018


Monument to Adam Smith Unveiled at Royal Mile in Edinburgh
Moment when the Adam Smith sculpture was unveiled at Royal Mile in Edinburgh, Scotland. Photo: Philip Salter.


EDINBURGH.- The Adam Smith Institute is pleased to announce the completion of its project to erect the World's first public monument to Adam Smith – the great Scottish economist, philosopher, and author of The Wealth of Nations.

The monument, which takes the form of a 10-foot bronze statue on a massive stone plinth, was unveiled today on Edinburgh's Royal Mile – right in the heart of Scotland's capital city, where Adam Smith worked and died. The statue was created by Alexander Stoddart, Scotland's leading monumental sculptor, and was unveiled by Nobel Laureate Economist Vernon Lomax Smith.

The statue's position – in an ancient marketplace – could hardly be more appropriate. The monument is within view of the recent statue of Smith’s friend David Hume, looking downhill to the Canongate (where Smith is lived and is buried), towards the harbour of Leith (with its connotations of trade and commerce), and over the sea to the county of Fife, where Smith was born.

Dr Eamonn Butler, director of the ASI, said: This honour is long overdue. As author of The Wealth of Nations (1776), Adam Smith was the pioneer of what today we call economics. He championed the benefits of specialization and free trade, creating the very idea of the modern market economy that dominates the free world today.





Today's News

July 5, 2008

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Royal Academy of Arts Announces Ground-Breaking Exhibition Devoted to Byzantium

The Wolfsonian Honors Seventy-Fifth Anniversary of the New Deal

Hamburger Kunsthalle Extends Thomas Demand - Camera Exhibition Through July 20

Monument to Adam Smith Unveiled at Royal Mile in Edinburgh

Man Rips Head Off Hitler Wax Figure at New Berlin Wax Museum

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