Date(s) - 10/12/2018
3:00 pm - 4:30 pm
The Department of Economics Seminar Series for the Fall 2018 term continues on Friday, 10/12/18 at 3:00 pm in Behavioral Sciences room 103. The seminars are free and open to everyone.
October 12th’s speaker is Professor Robert McMaster from the University of Glasgow. McMaster has been Professor of Political Economy at the University of Glasgow Adam Smith Business School since 2012. He joined the University of Glasgow in 2007 as Senior Lecturer and became Director of Undergraduate Programme until 2010. Prior to joining the University of Glasgow, McMaster was a Lecturer and Senior Lecturer in Economics at the University of Aberdeen for fourteen years. McMaster is also a visiting scholar at University of Missouri at Kansas City and Marquette University, Milwaukee. He has been co-editor for the Review of Social Economy since 2005. His areas of expertise are:
- Institutional Economics
- Social Economics
- Provision of health care
- Governance of public services
- Methodology of social sciences
McMaster’s seminar is titled: “Cutting the face off to spite the nose? Some thoughts on “Brexit” and economic analysis.”
On 23rd June 2016, the UK voted to leave the EU. The referendum campaign was dominated by issues of immigration, the economic implications of withdrawal, and claims that leaving the EU would allow the UK to “take back control” of its economy. Economic analyses are almost universal in their pessimism of the UK’s post-Brexit prospects. Yet these economic analyses are not well suited to analysing constitutional change. Instead, the paper advocates a political economy orientation, and presents a potential strand in such an approach in examining the ‘taking back control’ claim through the perspective of economic democracy. Drawing on a project that develops an economic democracy index (EDI), the paper argues that the EU was not an impediment to economic democracy in the UK or in any other member state, and that ‘taking back control’ is largely illusory. Indeed, Brexit is likely to exacerbate the causes of Brexit.