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HOLLAND, STUART

Professor, University of Coimbra; Born in 1940 and studied and taught history and political theory at Oxford. He formerly was a Member of the House of Commons, Shadow Financial Secretary to the UK Treasury and Shadow Minister for Development Cooperation, working closely with Willy Brandt.  In his twenties he was personal adviser on European affairs to Harold Wilson, and gained the consent of Charles De Gaulle to the 2nd British application to join the EEC. He authored the case for a New Messina Conference which was endorsed by Andreas Papandreou and François Mitterrand in the commitment to economic and social cohesion in the first revision of the Rome Treaty in the Single European Act of 1986. In a 1993 report to Jacques Delors he proposed the European Investment Fund and that it should issue Union Bonds to offset the deflationary effects of the Maastricht debt and deficit criteria, and has been active in the recent debate on Eurobonds. Antonio Guterres gained acceptance by the European Council in 1997 of his recommendation that the terms of reference of the European Investment Bank should include investments in health, education, urban renewal and environment, as well as green technology an innovation. He also developed the concept of mesoeconomics as multinational big business between micro firms and macro outcomes, which has resonance in terms of "too big to fail" and relevance for accounting and accountability of the major players in global financial markets. More recently he has been co-author with Yanis Varoufakis of The Modest Proposal for Resolving the Eurozone Crisis and has proposed that the G20 constitute the governing body of a World Development Organization. See further Who's Who, International Statesman's Whose Who, or Wikipedia.




Endorsements and Reviews of Publications by Stuart Holland: 


Antonio Guterres, Former Prime Minister of Portugal, former UN High Commissioner for Refugees and Secretary General of the UN on Stuart Holland’s Europe in Question - and what to do about it (2015). 

His foes are inequality and ideological and political hegemony. His stress that EIB bonds can promote cohesion is backed by the extension of its terms of reference in the Amsterdam Special Action Programme to invest in health, education, urban renewal and safeguarding the environment. His case that the G20 should nominate a World Development Organization to liaise more effectively with UN institutions and multilateral development banks also is typically innovative. 


Giuliano Amato, Former Prime Minister and Finance Minister of Italy on Stuart Holland’s Europe in Question 


Members of the new Juncker Commission may have little time to read books rather than briefings, but should read this one. His high level experience and initiatives on Europe since the 1960s have been exceptional. His case that EIB bonds do not count on national debt nor need fiscal transfers and could recycle global surpluses counterparts the priority being given by Jean-Claude Juncker to an investment-led recovery of the EU.


Yanis Varoufakis Professor of Economics University of Athens and former Finance Minister of Greece on Stuart Holland’s Europe in Question - and what to do about it 


Stuart Holland on Europe is akin to Thomas Paine on the French Revolution combined with John Maynard Keynes on the Economic Consequences of the Peace. At a precociously young age, he persuaded Charles De Gaulle to agree to Britain’s second application to join the European Economic Community. As an advisor to Jack Delors he designed solutions to Europe’s current problems decades before they even surfaced. Now, with Europe in Question - and what to do about it he offers a new generation of readers unique insights on how Europe can be fixed - as well as warnings that it may not be". 


Jacques Delors Foreword to Stuart Holland, The European Imperative, (1993) 


The terms of reference which the relevant Commissioners gave to Stuart Holland for his report on Economic and Social Cohesion in the 1990’s were wide ranging and ambitious. The report corresponds to these expectations. The interim and final versions of the report reinforce the case for a European Recovery Programme which could make it more feasible for governments to achieve the national budget and borrowing conditions for monetary union in the Treaty of Maastricht. Its arguments that new productivity gains from flexible production should be shared both between management and labour and within society is of the first importance to who benefits in what way from both an efficient economy and an efficient society. 


Stuart Mackintosh in The Political Quarterly on reviewing The European Imperative. 


Stuart Holland’s book supports action by the European Union to reinvigorate the economy while addressing the democratic deficit and social dimension in Europe. Internal cohesion will weaken if national governments ignore the rational case for a collective European response to domestic ills and democratic accountability... Ultimately this could cause internal tensions, paralysing the Union’s decision-making machinery. 


Mark Wickham-Jones `The Challenge of Stuart Holland´ in L. Black, H. Pemberton and P. Thane (Eds.) Reassessing 1970s Britain. Manchester University Press, 2013. 


It is unfashionable to cite the role of individuals rather than of social movements or economic change, but his influence on Labour Party thinking and policy from 1972 to 1983 was hegemonic. The ideas he put forward were especially significant at what was a pivotal period in the development of post-war British politics, one which had a decisive impact on subsequent developments. After 1983, Labour exhibited a growing and positive Europeanism, one that was redolent of some of Holland’s earlier work. 


John E. Elliott in The Journal of Economic Literature reviewing Stuart Holland's The Market Economy and the Global Economy, Weidenfeld and Nicolson (1987). 


In scope, comprehensiveness, accessibility and insight, these books have no equal… The main link is the author’s indictment of ‘the divorce between theory and practice’ and his use of the category of ‘mesoeconomics’ (meaning intermediary or in between micro and macro) to potentially heal this breach and thereby enhance the realism of economic theory, the relevance of economics teaching and the application of policy prescriptions. Stuart Holland is admirably suited for this task. 


Anthony Thirlwall in a review in Economica of Stuart Holland's Capital versus the Regions and The Regional Problem, Macmillan, (1976). 


Exciting for professional economists, Stuart Holland has produced two of the most interesting and challenging books to have been written on the subject of regional policy for many years. Not since Gunnar Myrdal’s Economic Theory and Underdeveloped Regions (1957) has there been such a blend of theory, analysis and polemic, culminating in a devastating attack on the assumptions and relevance of neoclassical equilibrium theory in the context of regional development. This is a tour de force if ever there were one. The books will appeal to a wide international readership from policy-makers in central and local government to students of regional and development economics. 


Robert Skidelsky in The Spectator on Stuart Holland´s The Socialist Challenge, Quartet Books, (1975). 


Arguably the most important book from the British Left since Anthony Crosland’s The Future of Socialism (1957). An impressive argument. Dazzlingly ingenious… Intelligence, power and lucidity. 


Patrick Cosgrave in The Daily Telegraph on Stuart Holland´s The Socialist Challenge, Quartet Books,1975. 


Cogent and tough minded, thorough and ruthless and complete. A good mind and the power to express ideas forcefully. 


Mike Brody in The Investor´s Chronicle on Stuart Holland’s The Socialist Challenge. 


A closely argued and wide-ranging analysis of the way forward for economic and industrial policy, Holland’s strengths are his impressive economic credentials and political experience and, above all, his realistic understanding of the internal logic of capitalism.