Originally published in 1982, written at a time when Scotland was emerging from a recession, it offered a comprehensive appraisal of the Scottish economy. The book shows that long-term regional problems had not gone away and that the presence of North Sea oil was not a guarantee of future economic health in Scotland. A major theme of the work is the key role of government expenditure in the (then) recent restructuring of the Scottish economy. Many of the issues discussed remain pertinent today, as Scotland once again discusses the future shape of its economy and political identity.
Scotland’s economic capacity to prosper independently of Britain has become a key political issue, dominating the independence referendum of 2014 and continuing to influence British politics since. But, as this book shows, the Scottish economy is not merely a statistical object – it is also a political, sociological and cultural idea which has been imagined and constructed. The book explores the history of how Scotland has been framed in statistical and policy terms, which are laden with conflicts over meaning, ranging from class struggles and struggles against "external control" to the ongoing debate over national independence. Using Scotland as a case study for examining the political meaning of "the economy", the book also considers the origins of efforts to measure the Scottish economy in the British nationalist terms of "regional policy". It then considers the influence, in turn, of North Sea oil, globalisation/Europeanisation, class dealignment and neoliberal "enterprise" ideology in changing the meanings attached to the Scottish economy. These form necessary conditions for the debate on national independence, where the nature and the future of the Scottish economy remain the central controversy. By examining the economic ideas of a self-proclaimed "cosmopolitan" nationalist movement, the study will offer deeper insights into how nationalists are adapting to the crisis of globalisation. This book marks a significant contribution to the literature on Scottish independence as well as economic sociology, nationalism, critical geography and political economy more broadly.
Containing over 25,000 entries, this unique volume will be absolutely indispensable for all those with an interest in Britain in the twentieth century. Accessibly arranged by theme, with helpful introductions to each chapter, a huge range of topics is covered. There is a comprehensiveindex.
In this volume, hitherto unused manuscript material brings to light the history of the Dominican Order in one of Scotland's most turbulent periods. Issues of reform and Reformers, literature, and religious practice are set out with a fresh perspective.
In a thought-provoking analysis Keating reviews the political, constitutional, and legal issues around Scottish independence and the political economy of independence, surveying the options for a social and economic project for an independent Scotland.
By looking at the decline of the jute industry, this study assesses the successes and failures of Britain’s managed economy. It also addresses broader arguments about the political economy of twentieth-century Britain.
From 1716 to 1845, Scotland’s banks were among the most dynamic and resilient in Europe, effectively absorbing a series of adverse economic shocks that rocked financial markets in London and on the continent. Legislating Instability explains the seeming paradox that the Scottish banking system achieved this success without the government controls usually considered necessary for economic stability. Eighteenth-century Scottish banks operated in a regulatory vacuum: no central bank to act as lender of last resort, no monopoly on issuing currency, no legal requirements for maintaining capital reserves, and no formal limits on bank size. These conditions produced a remarkably robust banking system, one that was intensely competitive and served as a prime engine of Scottish economic growth. Despite indicators that might have seemed red flags—large speculative capital flows, a fixed exchange rate, and substantial external debt—Scotland successfully navigated two severe financial crises during the Seven Years’ War. The exception was a severe financial crisis in 1772, seven years after the imposition of the first regulations on Scottish banking—the result of aggressive lobbying by large banks seeking to weed out competition. While these restrictions did not cause the 1772 crisis, Tyler Beck Goodspeed argues, they critically undermined the flexibility and resilience previously exhibited by Scottish finance, thereby elevating the risk that another adverse economic shock, such as occurred in 1772, might threaten financial stability more broadly. Far from revealing the shortcomings of unregulated banking, as Adam Smith claimed, the 1772 crisis exposed the risks of ill-conceived bank regulation.
Alexander Fenton writes on the uses of shellfish as a way of examining the relationship between small-scale and large-scale fishing, and Ian Morrison investigates boat types in Shetland and in the Scandinavian islands. Shetland is explored again by Brian Smith's exposition of local fishing tenures. Gordon Jackson investigates the DPL shipping line before 1840 and Anthony Slaven writes about the business leaders in the great ship building firms of the Clyde. Robert Prescott breaks new ground by describing the Lascar seamen who were the origin of the Asian community in Glasgow, and Christopher Harvie and Stephen Maxwell write jointly on the political impact of North Sea oil.
