Markets in Everything: Adam Smith’s House

by on March 13, 2008 at 7:26 am in Economics | Permalink

The house where Adam Smith lived for many years with his mother and which more recently was used as a home for troubled youth has been put up for sale by the Edinburgh Council for £700,000.  Sir Alan Peacock says "It’s a disgrace that the council has
agreed to dispose of a building as significant as this. It should be
saved for the nation."

I think it would be a disgrace if the house went to anyone but the highest bidder.

1 Daniel Klein March 13, 2008 at 8:47 am

Hear, hear. Best of all, may it be a museum by private means.

2 bronxilla March 13, 2008 at 12:44 pm

I think I see the Invisible Boot at work.

3 bronxilla March 13, 2008 at 1:36 pm

They should build a McDonald’s, but customers should be required to bid for their food.

4 dave g March 13, 2008 at 3:27 pm

” I think it would be a disgrace if the house went to anyone but the highest bidder”

Luckily for Alex the method for selling houses in Scotland is a sealed bid auction, so the only way in which anyone is going to get their hands on the house is to be the highest bidder.

a fellow fife resident

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6 MrOct January 4, 2011 at 11:42 am

Marketing has become a very profitable business.As long there are people who can sell different things from where they can get a big profit there will be this problem.There are so many people who don’t care about other values than money.Bathroom Refacing

7 Love Quotes January 28, 2011 at 12:43 am

Great. A socialist in charge of military. Adam Smith has no business in American government. He doesn’t know what the Constitution says, nor does he care <“>cool gadgets. Get him the heII out of there, before he has American soldiers arresting American citizens in violation of Posse Comitatus.

8 MiniME February 23, 2011 at 11:19 am

700 000 pounds is not a price which everybody can afford.I bet that house has a great swimming pool.I love to swim and I wish at some point I will afford to build my own swimming pool.I wonder though how often a pool filter b needs to be replaced.I heard is the best for swimming pools.

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