This Thursday, Scottish voters decide whether they want to break away from the United Kingdom and reclaim their independence.
Well, there’s very solid academic evidence from economic historians that Europe originally became rich precisely because power was decentralized among lots of small jurisdictions that had to compete with each other.
Moreover, I’ve argued that we’d get better policy if Belgium split into two nations.
So would the same be true if Scotland broke off from the United Kingdom?
Niall Ferguson, born in Scotland, is opposed.
Scotland regained its own Parliament in 1999, following an earlier referendum on so-called devolution, which significantly increased the country’s autonomy. Since 2007, there has been a Scottish government, which is currently run by the Scottish National Party. So much power has already been devolved to Edinburgh that you may well…
View original post 1,965 more words