
Open since 2014.
The library has been open to readers in Edinburgh since 2014, in a city whose study of money goes back to Adam Smith.
A free library of financial history in the New Town, with balconies of books round a reading room, where readers study the market's mistakes.
A white gable wall in the West End gives the game away: in tall black letters it reads Library of Mistakes, beside a line attributed to Albert Einstein about only needing to know where the library is.
Visited and photographed by Simon Hird
Inside is one of the most unexpected rooms in the city. Long trestle tables and benches fill a reading room lit from skylights, and all around it dark timber shelves rise to a gallery reached by a wrought-iron spiral staircase. The walls are hung with framed share certificates, old newspaper headlines and wartime savings posters, a painting of a crowded trading floor hangs above one alcove, and rows of leather-bound volumes line the shelves beside a partners' desk topped in red leather. Every book here is about money going right and, more often, going wrong. Come to one of its evening talks for the easiest way in.
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The library is free, but it is a reference library for registered readers, not a place to drop into.
Talks and events are held in the reading room through the year.
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The library has been open to readers in Edinburgh since 2014, in a city whose study of money goes back to Adam Smith.

The point of it all is to help professionals and ordinary investors alike avoid the mistakes of the past, by reading the history of markets.

The Edinburgh library is the original. Reading rooms licensed from it have opened in Switzerland and India.

It is a free reference library of financial history in the New Town, for registered readers over 18, with balconies of books round a reading room.

Fans of the library are called errorists, and can buy its mugs, postcards and pencils in person at the library.
Recent British history suggests that this West End business and finance library is aptly named. It’s a charitable venture and aims to promote the study of financial history – as well as the ability to learn lessons from past errors.
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New places, news and stories, as we find them.
What is on in EdinburghIn the West End of the New Town.
Cairngorm CoffeeA coffee shop for connoisseurs, with its own roasted beans.Under a mile 1 min by road
Dean VillageA milling village of the 1100s on the Water of Leith.Under a mile 2 min by road
Dean GardensSeven acres of lawns and paths by the Water of Leith.Under a mile 2 min by road
The Georgian HouseA New Town house on Charlotte Square, restored by the National Trust for Scotland.Under a mile 2 min by road
The HuxleyA West End bar and restaurant for a bite or a drink.Under a mile 3 min by road
KyloeA steak restaurant in the West End.Under a mile 3 min by roadPlaces to stay near the library, and when each is next free.
West End Muse
Moment George IV Bridge
Old Town Chambers
The Scott HotelWe want to show you the best that Scotland has to offer. The makers and the creatives, the enduring experiences, the evocative tales, the concealed corners. The roads less travelled that take you to places that matter. The adventures that gather you up and sweep you away. The blend of the wild and the artistic that makes Scotland what it is. We’d love for you to join us.
The collections it is in and more in Edinburgh.
For further reading, before you go. The details on this page were checked on .