For years, people have complained that Adam Smith's tomb in Edinburgh is untidy and difficult to find. We've just pledged quite a tidy sum to help repair some damage and improve it a bit, but this great figure of the Enlightenment still needs a better monument in Scotland's capital.

So we have engaged the leading Scottish sculptor, Sandy Stoddart, to create a 20-foot-high bronze of the sage, which we hope will go in the Royal Mile, just near to the City Chambers. Our application for planning consent goes in next month and then our fundraising for the project will have to start in earnest. All being well, Edinburgh could be unveiling a very impressive statue of Smith in a year or two's time.

The report in the Edinburgh Evening News isn't completely accurate, but it shows that there is a lot of support for the idea.

Here's the sculptor's sketch of how it might look:

And a photo mock-up of the statue superimposed on the street in Edinburgh: