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Back cover text:

The catastrophic failure of the Company of Scotland to establish a colony at Darien in Central America is one of the best known episodes in late 17th century Scottish history. The effort resulted in significant loss of life and money, and was a key issue in the negotiations that led to the Union of 1707.

What led so many Scots to invest such a vast part of the nation’s wealth in one company in 1696?

Why did a relatively poor nation think it could take on the powers of the day in world trade?

What was ‘The Price of Scotland’?

In this powerful and insightful study of the Company of Scotland, Douglas Watt offers a new perspective on the events that led to the creation of the United Kingdom.

Reviews:

Douglas Watt has brought an economist's eye and poet's sensibility in The Price of Scotland... to show definitively... that over-ambition and mismanagement, rather than English mendacity, doomed Scotland's imperial ambitions.   The Observer 

The Price of Scotland treats Darien as a financial mania.   The Financial Times

Exceptionally well written, it reads like a novel. As I say - if you're not Scottish and live here - read it. If you're Scottish read it anyway. It's a very, very good book.   i-on Magazine

The must-have book on the events in advance of the Act of Union that brought Scotland and England together in 1707 is Douglas Watt’s The Price of Scotland. It’s a fantastic run-through of the “catastrophic failure” of the Darien Scheme – the creation of the Company of Scotland to establish a Central American colony.   The Financial Times