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University under fire

Blanchflower attacks Stirling after losing academic role

David Blanchflower: position terminated

Maverick economist David ‘Danny’ Blanchflower, a former Bank of England interest rate setter, has accused Stirling University of “not caring” about economics after his role in the department was terminated.

Prof Blanchflower spent a a decade at the university but received a letter of termination from the Dean without any explanation.

He wrote on Twitter: “I was let go by @StirUni yesterday after a decade with them. Much thanks to all my friends in the Economics Department who were always great. Sad to go. Oh well.”

Prof Blanchflower sat on the Bank of England’s monetary policy committee during the years of the financial crash between 2006 and 2009 and has often called for it to cut interest rates.

He is understood to be among a number of economics academics from Stirling to have left the department recently, including the equally high profile Professor David Bell, who has retired.

Prof Blanchflower told The Scotsman: “I have been there for a decade and have been publishing like gangbusters. They have lost several top name professors to retirement and others like me [to other institutions]. None have been replaced. I guess you have to conclude they don’t care about economics.”

He said that he was due to announce a new position – believed to be with another Scottish university – later this week.

He also paid tribute to colleague Professor David Bell – with whom Blanchflower co-authored a variety of papers.

He said: “It has been fun to spend time in Scotland with my great co-author @DavidNFBell.”

A spokesman for Stirling University said: “We can confirm Professor Blanchflower has not had his contract renewed and is no longer an employee of the University.”

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