Council of Economic Advisers (Scotland)
Encyclopedia
The Council of Economic Advisers (CEA) is a group of economist
s and captains of industry
who advise the Scottish Government. It was established in 2007, meeting for the first time on 21 September.
Minutes of its quarterly meetings will be published a fortnight after each meeting. It is intended that the council will publish an annual report on the condition of the Scottish economy.
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
s and captains of industry
Captain of industry
"Captain of industry" was a term originally used in the United Kingdom during the Industrial Revolution describing a business leader whose means of amassing a personal fortune contributes positively to the country in some way....
who advise the Scottish Government. It was established in 2007, meeting for the first time on 21 September.
Minutes of its quarterly meetings will be published a fortnight after each meeting. It is intended that the council will publish an annual report on the condition of the Scottish economy.
Membership
- Sir George MathewsonGeorge MathewsonSir George Mathewson is a Scottish businessman. His father was an electrical engineer. He was educated at Perth Academy and the University of St Andrews' Queen's College in Dundee, from where he graduated in 1961 with a degree in mathematics and applied physics...
(convener), former chief executive and then chairman of the Royal Bank of Scotland; previously chief executive of the Scottish Development Agency - Frances CairncrossFrances CairncrossFrances Anne Cairncross CBE is a British economist, journalist and academic.Cairncross read Modern History at St Anne's College, Oxford, graduating in 1965, and holds an MA in Economics from Brown University, Rhode Island....
, RectorRectorThe word rector has a number of different meanings; it is widely used to refer to an academic, religious or political administrator...
of Exeter CollegeExeter College, OxfordExeter College is one of the constituent colleges of the University of Oxford in England and the fourth oldest college of the University. The main entrance is on the east side of Turl Street...
at Oxford University; previously journalist at The EconomistThe EconomistThe Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
, chair of the Economic and Social Research CouncilEconomic and Social Research CouncilThe Economic and Social Research Council is one of the seven Research Councils in the United Kingdom. It receives most of its funding from the Department for Business, Innovation and Skills, and provides funding and support for research and training work in social and economic issues, such as...
, author, including: Costing the Earth and Green, inc - Sir Robert SmithRobert Smith (BBC)Robert Haldane Smith, Baron Smith of Kelvin is a Scottish businessman, most notably known as a former Governor of the British Broadcasting Corporation before the advent of the BBC Trust. He is the present Chancellor of the University of the West of Scotland.-Early life & past career:Smith was...
, chairman of the Weir GroupWeir GroupThe Weir Group plc is an engineering company headquartered in East Kilbride, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.-History:...
and Scottish and Southern Energy; non-executive director of 3i group, Standard Bank Group and Aegon UKAegon UKAEGON in the UK is part of the AEGON Group , which has some 40 million customers in around 20 countries across the world. In the UK it has pensions, investments, life insurance and advice businesses...
; chair of the Smith Group - Professor Andrew Hughes Hallett, Professor of Economics and Public Policy at George Mason UniversityGeorge Mason UniversityGeorge Mason University is a public university based in unincorporated Fairfax County, Virginia, United States, south of and adjacent to the city of Fairfax. Additional campuses are located nearby in Arlington County, Prince William County, and Loudoun County...
and visiting Professor of Economics at the University of St AndrewsUniversity of St AndrewsThe University of St Andrews, informally referred to as "St Andrews", is the oldest university in Scotland and the third oldest in the English-speaking world after Oxford and Cambridge. The university is situated in the town of St Andrews, Fife, on the east coast of Scotland. It was founded between...
; previously consultant for the World BankWorld BankThe World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
, the International Monetary FundInternational Monetary FundThe International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
, the Federal Reserve Board, the United NationsUnited NationsThe United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...
, the OECD, the European CommissionEuropean CommissionThe European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
and various central banks - Professor Alex Kemp, Schlumberger Professor of Petroleum Economics at the University of AberdeenUniversity of AberdeenThe University of Aberdeen, an ancient university founded in 1495, in Aberdeen, Scotland, is a British university. It is the third oldest university in Scotland, and the fifth oldest in the United Kingdom and wider English-speaking world...
; previously advised the World Bank, the United Nations, and various governments - Jim McCollJim McCollJames Allan "Jim" McColl OBE is a Scottish businessman and entrepreneur. He is responsible for the development of Clyde Blowers plc. In 2007, he was placed tenth on the Sunday Times Rich List in Scotland...
, Chairman and Chief Executive of Clyde Blowers - Professor Frances P. RuaneFrances P. RuaneFrances P. Ruane is director of the Economic and Social Research Institute in Dublin, Ireland. She succeeded Brendan Whelan in 2006, after 30 years of teaching economics at Trinity College, Dublin and Queen's University, Kingston, Ontario, Canada. Previously, she worked at the Industrial...
, Director of IrelandIrelandIreland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...
's Economic and Social Research InstituteEconomic and Social Research InstituteThe Economic and Social Research Institute is a think tank in Dublin, Ireland. Its research focuses on Ireland's economic and social development in order to inform policy-making and societal understanding....
; previously Associate Professor of Economics at Trinity College, DublinTrinity College, DublinTrinity College, Dublin , formally known as the College of the Holy and Undivided Trinity of Queen Elizabeth near Dublin, was founded in 1592 by letters patent from Queen Elizabeth I as the "mother of a university", Extracts from Letters Patent of Elizabeth I, 1592: "...we...found and... - Professor John KayJohn Kay (economist)John Kay is a leading British business economist of centrist persuasion.Kay was educated at the Royal High School, Edinburgh University, and Nuffield College, Oxford...
, a fellow of St John's College, OxfordSt John's College, Oxford__FORCETOC__St John's College is a constituent college of the University of Oxford, one of the larger Oxford colleges with approximately 390 undergraduates, 200 postgraduates and over 100 academic staff. It was founded by Sir Thomas White, a merchant, in 1555, whose heart is buried in the chapel of...
, visiting professor at the London School of EconomicsLondon School of EconomicsThe London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
, regular contributor to the Financial TimesFinancial TimesThe Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
; previously Director of the Institute for Fiscal StudiesInstitute for Fiscal StudiesThe Institute for Fiscal Studies is an economic research institute based in London, United Kingdom which specialises in UK taxation and public policy...
, Professor at the London Business SchoolLondon Business SchoolLondon Business School is an international business school and a constituent college of the federal University of London, located in central London, beside Regent's Park...
and the University of Oxford - Crawford Beveridge, Executive Vice President and Chairman of Sun MicrosystemsSun MicrosystemsSun Microsystems, Inc. was a company that sold :computers, computer components, :computer software, and :information technology services. Sun was founded on February 24, 1982...
in Europe, the Middle East and Africa; previously Chief Executive of Scottish Enterprise - Professor Finn Kydland, Henley Professor of Economics at the University of California, Santa BarbaraUniversity of California, Santa BarbaraThe University of California, Santa Barbara, commonly known as UCSB or UC Santa Barbara, is a public research university and one of the 10 general campuses of the University of California system. The main campus is located on a site in Goleta, California, from Santa Barbara and northwest of Los...
; awarded the Nobel PrizeNobel PrizeThe Nobel Prizes are annual international awards bestowed by Scandinavian committees in recognition of cultural and scientific advances. The will of the Swedish chemist Alfred Nobel, the inventor of dynamite, established the prizes in 1895...
for his work in dynamic macroeconomics - Professor Sir James MirrleesJames MirrleesSir James Alexander Mirrlees is a Scottish economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences. He was knighted in 1998....
, Professor Emeritus at Cambridge University and distinguished professor-at-large at the Chinese University of Hong KongChinese University of Hong KongThe Chinese University of Hong Kong is a research-led university in Hong Kong.CUHK is the only tertiary education institution in Hong Kong with Nobel Prize winners on its faculty, including Chen Ning Yang, James Mirrlees, Robert Alexander Mundell and Charles K. Kao...
; awarded the Nobel Prize for his work on economic models and equations about situations where information is asymmetrical or incomplete
External links
- Scotland's new Council of Economic Advisers: official site