New Book: The Economic Consequences of Scottish Independence

On September 18th, 2014, Scots have voted on whether or not to separate from the United Kingdom, which was formed by the Treaty of Union in 1707.

The debate in Scotland so far had been unusual in the emphasis laid on economic issues. However, many contributions to this lack either analytic depth or accessibility. This is why the Scottish Economic Society decided to devote its 2014 Policy Forum, held at the Society's Annual Meeting in Perth, Scotland, to the aim of filling this void.

In keeping with the Society's constitutional aim to "to promote the study and teaching of economics on the widest basis, in accordance with the Scottish tradition of Political Economy inspired by Adam Smith", the brief was to provide an in-depth treatment of the issues involved that is nevertheless accessible to the general public.

Professor Klaus Beckmann, at the time Honorary President of the Society, consequently invited Professor David Bell to organise a policy forum on the "Economics of Independence" on 29th April, 2014. In recognition of the success of this policy forum, a further decision was made to work the presentations into a book, adding further chapters by other distinguished economists. The book The Economic Consequences of Scottish Independence is being disseminated to all members of the Scottish Economic Society as well as being made widely available in PDF and ebook editions.

The Scottish Economic Society provided financial support for the publication of the book. Given the time constraints involved in getting the book into press in time for the September referendum, Professor Beckmann's alma mater, Helmut-Schmidt-Universität in Hamburg, Germany, was selected as publisher. The editors and authors acknowledge the support of both institutions in the making of the present volume.

The information and views in the papers in this book are those of the contributing authors alone and do not reflect the views of either the Scottish Economic Society’s Council or its Members.

Download the Ebook as PDF