Andrew J Scott

Andrew J Scott is a British economist, currently Professor of Economics at London Business School,[1] known for his work on macroeconomic policy and longevity. Previously he was a lecturer at Oxford University, a visiting professor at Harvard University and a researcher at the London School of Economics.

For the museum director Andrew J. Scott, see Andrew Scott (museum director).
Andrew J Scott
Born
Andrew John Scott

(1965-05-12) 12 May 1965
Enfield, United Kingdom
Alma materTrinity College Oxford
Known forLongevity Expertise
Children3
Scientific career
FieldsMacroeconomics, Business Cycles, Longevity, Ageing, Lifespan
Institutions
Websiteprofandrewjscott.com

Biography

Scott was born 12 May 1965 in Enfield, London. He was educated at Firs Farm Primary School and Haberdashers’ Aske’s, Elstree. He attended Trinity College, Oxford where he graduated with a first with prizes in Politics, Philosophy and Economics in 1987. He received a MSc in Economics from the London School of Economics in 1990 and was elected to a Prize Fellowship to All Souls College, Oxford in 1990.[2] He was elected in the same year as philosopher Robert Rowland Smith and historian Scott Mandelbrote. He received his D.Phil (Essays in Aggregate Consumption) from Oxford in 1994.

He worked briefly as an economist for Credit Suisse First Boston before holding research positions at London Business School and the London School of Economics. He then took up a lectureship at Oxford University, a Visiting Assistant Professor at Harvard before joining London Business School where he is currently Professor of Economics having previously served as Deputy Dean.[3]

Alongside his academic career Scott has been a non-executive director for the UK’s Financial Services Authority and an advisor to the House of Commons, the Bank of England, and H.M.Treasury. He is currently on the advisory board of the UK’s Office for Budget Responsibility and a member of the Cabinet Office Honours Committee (Science and Technology).

Work

Most of Scott’s published academic work has focused on macroeconomic fluctuations – originally on business cycles (with a number of joint papers with Daron Acemoglu) then on monetary policy and most recently on fiscal policy and government debt management (with a number of joint papers with Albert Marcet).

More recently his work has been on longevity and focusing on the positive economic, social and personal effects that arise from the fact that on average we are living longer and healthier for longer. This focus on the positive aspects of longevity is an offset to the focus on the negative aspects of an ageing society. This longevity agenda is set out in his co-authored books The 100 Year Life – Living and Working in an Age of Longevity (2016) and The New Long Life (2020). In 2019 the ESRC awarded him a £1mn grant to investigate the economics of a longevity agenda. He is also the co-founder of The Longevity Forum.


Selected awards and recognition
  • 2018 Beckhard Prize Best Paper, MIT Sloan Management Review for Corporate Implications of Longer Lives[4]
  • 2017 Knowsquare Business Book of the Year Award, The 100 Year Life
  • 2016 Shortlisted FT/McKinsey Business Book of the Year – The 100 Year Life[5]
  • 2008-11, Scientific Chair, Euro Area Business Cycle Network
  • 2004-2011 Managing Editor, The Economic Journal
  • 1994-95, Best Paper Award, Royal Economic Society, Consumer confidence and Rational Expectations with Daron Acemoglu, Economic Journal 1994 Jan Vol 104:422 p 1-19
  • 1990-97, Prize Fellowship, All Souls, Oxford

Selected publications
  • Government Debt Management: The Long AND the short of it (with Elisa Faraglia, Albert Marcet, Rigas Oikonomou), Review of Economic Studies 2019[6]
  • Corporate Implications of Longer Lives by Lynda Gratton & Andrew Scott in the MIT Sloan Management Review 2017 Spring Vol 58:3 p 63-70[7]
  • Gratton, Lynda & Scott, Andrew (2016) The 100-year life: living and working in an age of longevity, Bloomsbury 2016. ISBN 978-1119995715[8]
  • Debt and Deficit Fluctuations and the Structure of Bond Markets (with Albert Marcet) Journal of Economic Theory, 2009[9]
  • Consumer Confidence and Rational Expectations: Are Agents' Beliefs Consistent with the Theory? (with Daron Acemoglu) Economic Journal, January 1994, 104, 1-19 [10]
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References
  1. "Andrew Scott". London Business School. Retrieved 19 December 2018.
  2. "All Souls College Oxford". www.asc.ox.ac.uk. Retrieved 19 December 2018.
  3. 1959-, Miles, David (21 May 2012). Macroeconomics : understanding the global economy. Scott, Andrew, 1965-, Breedon, F. J. (Francis J.) (Third ed.). Chicester, West Sussex. ISBN 9781119995722. OCLC 756596996.CS1 maint: numeric names: authors list (link)
  4. "The 2018 Richard Beckhard Memorial Prize". MIT Sloan Management Review. 11 September 2018.
  5. "Best business books". Financial Times. 2016.
  6. Scott, Andrew; Oikonomou, Rigas; Marcet, Albert; Faraglia, Elisa (2018). "Government Debt Management: The Long and the Short of It (forthcoming)". The Review of Economic Studies. doi:10.1093/restud/rdy061. hdl:10261/175468.
  7. The Corporate Implications of Longer Lives. MIT Sloan Management Review. April 2017.
  8. The 100 Year Life. Bloomsbury. 9 April 2012. ISBN 978-1119995715.
  9. Marcet, Albert; Scott, Andrew (2009). "Debt and deficit fluctuations and the structure of bond markets". Journal of Economic Theory. 144 (2): 473–501. doi:10.1016/j.jet.2008.06.009. hdl:10230/383.
  10. Acemoglu, Daron; Scott, Andrew (1994). "Consumer Confidence and Rational Expectations: Are Agents' Beliefs Consistent with the Theory?". The Economic Journal. 104 (422): 1–19. doi:10.2307/2234671. JSTOR 2234671.

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