Professor Richard Murphy: Kevin Hague thinks Scotland should know its place – I don’t
You know, like Paul Krugman and Joe Stiglitz both insist upon headlines which read “The Nobel Laureate, Professor…..”
I’m the very model of a modern professor sorta stuff, eh?
As in backfilling and fluffing:
I would have thought anyone who values good government would agree with what I said. What I offered was my professional opinion as a chartered accountant and professor of political economy (which is a pretty rare combination) on what might make for the best decision-making for the benefit of the people of Scotland. The result may show a deficit, or not. That was not my point. That point was we need to know using the best data available and we need to know what can best be done about it – GERS does not permit that.
Well, no, that’s not actually what he said.
But, as I stressed, I’m qualified to offer opinion on this issue, and have not been frightened to challenge vested interests on data issues over the last 15 years or so.
All I am interested in is getting that information so life in Scotland is better for everyone. I hope all politicians who are committed to the future of the country share that view and demand better data now.
The original complaint was rather that better data did not and could not exist….
And back to the beginning here. Our professor of practice of international political economy does not know that there are three ways of determining GDP. He is demanding information about taxation and spending which is indeed difficult to work out at the sub-national level. Which is why the GVA figures, for regions and smaller statistical areas, relies on the other two possible ways of measuring GDP, incomes and production. Both of which are very much easier to locate geographically. That’s why ONS uses these two methods to work out GVA down to something like local authority level.
He’s wrong, as we know he must be, our task at any one time only being that we’ve got to work out why he’s wrong in this specific instance.