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Panmure House Perspectives - Issue 4, 2019

Panmure House Perspectives, the new international business journal of Edinburgh Business School, which showcases the best research undertaken by our doctoral students, interviews with major global business figures and viewpoints from leading academics from or own university and beyond.

Panmure House Perspectives, the new international business journal of Edinburgh Business School, which showcases the best research undertaken by our doctoral students, interviews with major global business figures and viewpoints from leading academics from or own university and beyond.

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AN HISTORIC MOMENT FOR SCOTLAND<br />

A<br />

dam Smith was a leader of the Scottish Enlightenment<br />

whose moral observations about our communities and<br />

global commerce remain entirely relevant to today’s<br />

world, guests at the official opening of <strong>Panmure</strong> <strong>House</strong>,<br />

in Edinburgh, were told by the Right Honourable Gordon<br />

Brown, former Prime Minister of Great Britain and Northern Ireland.<br />

He spoke with eloquence and a deep understanding of Adam Smith on<br />

Thursday, 8 November 2018.<br />

Mr Brown was introduced by Professor Heather McGregor, Executive Dean<br />

of Edinburgh Business School, and welcomed by Lord Vallance of Tummel,<br />

Chairman of the School. In her opening remarks, Professor McGregor said:<br />

“It has been a very long road through a lot of planning and with a lot of<br />

people’s help, both financially and practically, to get this wonderful building<br />

completed… It has been an extraordinary privilege to do this and an even<br />

greater privilege today to welcome the Right Honourable Gordon Brown to<br />

officially open the building.”<br />

She also paid tribute to Professor Keith Lumsden, the founder of Edinburgh<br />

Business School, who was in attendance, for his vision in saving <strong>Panmure</strong><br />

<strong>House</strong> from demolition.<br />

Gordon Brown, who was Chancellor of the Exchequer from 1997 to 2007,<br />

the longest-serving chancellor in modern history, was raised in Kirkcaldy<br />

and served as an MP between 1983 and 2015, first for Dunfermline East and<br />

later for Kirkcaldy and Cowdenbeath. Professor McGregor said that Mr Brown,<br />

the United Nations Special Envoy for Global Education, had attended the same<br />

secondary school as Adam Smith in Kirkcaldy, which prompted hearty laughter<br />

when he quipped: “But not at the same time!”<br />

A Great Day for Heriot-Watt<br />

OPEN FOR<br />

BUSINESS<br />

THE OFFICIAL OPENING<br />

OF PANMURE HOUSE<br />

GORDON BROWN reflects on the life and times<br />

of Adam Smith as he declares <strong>Panmure</strong> <strong>House</strong><br />

open again as a place of discourse and debate.<br />

INVESTMENT IN CIVIC SOCIETY<br />

The former premier began by saying it was a privilege to be invited to what<br />

is a ‘great day’ for Heriot-Watt University, for Edinburgh and for the whole of<br />

Scotland. He congratulated everyone – including the architects, designers,<br />

building contractors and planners – involved in the <strong>Panmure</strong> <strong>House</strong> renovation.<br />

He also congratulated Heriot-Watt University’s Principal Richard Williams,<br />

in attendance with his wife; Edinburgh Business School, including Professor<br />

McGregor and Lord Vallance of Tummel; and all those who had the idea that<br />

Adam Smith’s final home should not be knocked down and turned into flats but<br />

preserved as a living monument to his work. He said <strong>Panmure</strong> <strong>House</strong> was now<br />

restored at the heart of Scotland’s cultural life.<br />

“This is not simply an investment in bricks and mortar; this is an<br />

investment in our culture, in our history and in civic society. This will be a<br />

centre for debate, for new ideas and new thinking, with research fellows coming<br />

from all over the world to be here. It will be as Adam Smith intended it to be<br />

and was when he lived here: a place for debate and a forum for great dialogue<br />

on the future of our society.”<br />

The former Prime Minister said the opening was in the spirit not only of the<br />

Scottish Enlightenment but also of Heriot-Watt University, formed in 1821, two<br />

years after the death of Scottish engineer James Watt, whose name is associated<br />

with it. By this time, he said, the Enlightenment, fostered by the likes of Lord<br />

Cockburn, was inspiring the flourishing of Sir Walter Scott and, later, Robert<br />

Louis Stevenson. It fitted with the development of Heriot-Watt as a place of<br />

useful learning as the first mechanics institute in the world.<br />

PRIME MOVERS: Former UK Prime Minister the Right Honourable Gordon<br />

Brown, with Professor Heather McGregor, Executive Dean of Edinburgh Business<br />

School, and Lord Vallance of Tummel, the chairman of Edinburgh Business School.<br />

Photo & cover: Heriot-Watt marketing department<br />

6 PANMURE HOUSE PERSPECTIVES ISSUE 4 ISSUE 4 PANMURE HOUSE PERSPECTIVES 7

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