We continue our journey to discover how the economy really works and provide nourishment for independent minds.
Every week we delve into the details of our modern economy. We all know that something is wrong with the way that the economy is currently working and we will find out why.
We pose challenging questions to leading economists from across the globe as we explore the myths and in many cases the lies, that govern our lives in a modern economy.
SCOTONOMICS is essential viewing for anyone interested in Scottish politics and the Scottish economy.
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I want to break free review of the Economics chapter
Matt has written a wonderful book, "I Want To Break Free" outlining the journey a region or country would need to take to become a fully-fledged independent state. Of course, [...]
An actual analysis of Professor MacDonald’s recent analysis
It is amazing what passes as "analysis" these days. If you are a Professor and stick up a website, you can announce a few hundred words as "analysis". If you [...]
The Scottish Government no authority all the responsibility for growth
Why does the Scottish Government seek responsibility when it doesn’t have the authority? The Scottish Government released Scotland’s National Strategy for Economic Transformation earlier this year (1). On page four, [...]
The pound sterling is not Scotland’s currency
There is a world of difference between using something and owning it. The pound sterling is used in Scotland. But it is owned by the UK Government. The pound sterling [...]
Scotland should not mirror Truss’s tax-cutting budget
Not only should Scotland not mirror Truss's tax-cutting budget, but it is, in fact, unable to do so unless a massive bout of austerity is to follow. The only thing [...]
Something short about GERS
Considering how much we all agree about the GERS figures it is a surprise that we find so much to argue about. It is GERS (Government Expenditure and Revenue Scotland) [...]