Experts

Scott Miller

Director of the Project on Democracy and Capitalism

Fast Facts

  • Director of the Project on Democracy and Capitalism
  • Lecturer, UVA Darden School of Business
  • Former postdoctoral fellow, Yale School of Management's International Center for Finance
  • Economic historian
  • Expertise on modern economic systems, economic instability and volatility, early American economics

Areas Of Expertise

  • Economic Issues
  • Infrastructure
  • Jobs and Economy
  • Trade

Scott Miller is the director of the Miller Center's Project on Democracy and Capitalism and an assistant professor at the Miller Center. He is also a lecturer and research associate at the UVA Darden School of Business. From 2019 to 2021, he held a postdoctoral fellowship in economic and business history at the Yale School of Management's International Center for Finance.

As an economic historian, Miller examines the development of modern economic systems, particularly during periods of instability and volatility. In two different veins of research, Miller uses economic crises as a lens to isolate mechanisms of change in the early American Republic and 1840s Europe, with broad corollaries for modern systems in the first and second stages of economic development. His work frames the early American republic as a resource-rich, capital- and labor-poor developing economy, which was reliant on and subject to global export markets dominated by global hegemons such as Great Britain. Likewise, 1840s Europe represents a system of interconnected economies at the brink of breakout industrialization. While not perfect stand-ins for 21st century development stories, early America and 1840s Europe proxy the symbiotic relationship between macroeconomic forces, institutions, political systems, cultural values, and contingent events in the development process.

Miller has received many awards and fellowships, including the Arthur C. Cole Grant from the Economic History Association, the John Carter Brown Library Fellowship at Brown University, the Alfred D. Chandler Jr. Fellowship at Harvard Business School, the Monticello-UVA Fellowship at the International Center for Jefferson Studies, the James C. Rees Entrepreneurship Fellowship at The Fred W. Smith National Library for the Study of George Washington, and the Bankard Fund for Political Economy Predoctoral Fellowship. He is the author or co-author of numerous scholarly papers on economic history, financial crises, and the interplay between societal and economic change. He has also written or co-written 10 case studies on financial crisis and economic development.

A native of Denver, Colorado, Miller earned a BA from Vanguard University in 2007, an MA in American history from George Mason University in 2013, and an MA and PhD in economic history from the University of Virginia in 2015 and 2018, respectively.

Scott Miller News Feed

Over the past month, the United States and its Western allies have levied unprecedented sanctions on the Russian financial system. Excluding Russian banks from the SWIFT messaging system, freezing assets of Russian individuals and institutions, discouraging Western firms from doing business in Russia, and preventing the Bank of Russia from accessing hundreds of billions of dollars in reserves represent a remarkable display of financial power.
Scott Miller Miller Center Russia-Ukraine blog
Over the past few days, observers have begun to forecast the results of Western sanctions on the Russian economy. In short, we are likely watching the collapse of Russia’s economic system. The savage nature of Putin’s unprovoked invasion of Ukraine has drawn much of the media oxygen, but the severity of a possible collapse should put Western observers on alert. Crises on this scale produce profound societal volatility and often result in spillovers that few see coming.
Scott Miller Miller Center Russia-Ukraine blog
Many recent reports have emphasized Russian President Vladimir Putin’s post-2014 efforts to build a “Fortress Russia” that could resist Western economic sanctions. With American and European governments now ratcheting up restrictions on the Russian financial system, the question remains whether Russia will be able to circumvent those efforts to punish their unprovoked invasion of Ukraine. The answer is almost certainly “No.”
Scott Miller Miller Center Russia-Ukraine blog