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Scotonomics
Episode 2: Government Deficits and Debt
In Episode 2 we get to the bottom of government deficits and debt with Dr Steven Hail and discuss the implications for an independent Scotland.
Steven Hail is a Research Scholar at the Institute for Sustainable Prosperity, an economist and Lecturer with the Modern Money Lab, an Adjunct Associate Professor at Torrens University Australia and author of Economics for Sustainable Prosperity (Palgrave Macmillan 2018). He has a Ph.D. from Flinders University, and a MSc from the London School of Economics. During the 1990s, he lived and worked in London, published a number of economics text books, and was involved in the provision of financial training to staff from all the major UK banks, many international banks and the Bank of England. He gradually developed an awareness of the dangerous flaws in orthodox neoclassical economics, which led eventually to the study of Post Keynesian economics in general, and modern monetary theory in particular. In recent years, he has been a teaching specialist, committed to the defence of economic pluralism in otherwise orthodox economics departments, and the dissemination of insights from modern monetary theory to the general public. He has conducted public forums to that end, and served on the editorial committee of the Economic Reform Australia Review. The title of his recent Ph.D. was Behavioural and Post-Keynesian Foundations for a new Macroeconomics.
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