Faculty News
Prof. Michael Spence discusses Scotland's vote for independence
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![CNBC logo CNBC logo](/sites/default/files/styles/480w/public/assets/images/uat_027305.jpg?itok=dGKB-6XV)
Excerpt from CNBC -- "In principle, a Scotland operating independently over time could kind of get it right. It's a small country. It could function effectively, like Sweden, but there's an enormous transition. First of all, you have a country that has 50% of the people, plus or minus, who think it's a bad idea and 50% who think it's a good idea, so this is a fairly badly divided country."
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