‘The Barnett formula is doomed. These authors provide a readable and convincing guide to the alternatives. The volume is a wonderful example of what tight economic reasoning can do – its case for fiscal autonomy is unanswerable’.
– Professor Michael Artis, University of Swansea, UK
'Written by two economists independent of the sort of political biases that mar so much of the discussion this book offers a refreshing, analytical and authoritative economic analysis of the various paths for fiscal reform in Scotland'.
– Professor Drew Scott, The University of Edinburgh, UK
‘Hallwood and MacDonald make a compelling case for the devolution of fiscal authority to Scotland to increase fiscal autonomy and improve fiscal performance. They suggest not only the need for such devolution but provide a careful analysis and blueprint of how to do it.’
– Wallace E. Oates, University of Maryland, US