Posts under ‘Macroeconomics’

Osborne gambles on a windfall – something you can’t do on a zero hour contract

by Phil Burton-Cartledge.

In war, there’s only a short amount of time your weaponry has an edge over the enemy. Labour has spent the last couple of months shelling the Tory trenches with the party working tax credit shells. This week, the new ‘police funding’ gun has been pressed into service. Both pasted the Tory position to the point […]

Alternative Autumn statements: continued Tory failure versus Corbynomics

by Michael Burke.

Having spectacularly failed in his stated goal of eliminating the deficit in the last parliament, George Osborne is repeating his experiment in this one. Both the June 2010 and 2015 Budgets proposed ‘fiscal tightening’ of £37 billion. In the first of these Budgets the main method was cuts in public spending. In the second it […]

On brilliant, neglected women economists

by Ann Pettifor.

This week I was invited on to Woman’s Hour to talk about outstanding women in economics that have never properly been recognized and acclaimed for their contributions. The context is the Virago/New Statesman women’s prize for new, young writing on politics and economics. The prize was launched in late October to address the underrepresentation of women in […]

Welcome to a constructive critique of Corbynomics from Liam Byrne

by Phil Burton-Cartledge.

Something more significant than the move against Andrew Fisher happened on the right of the Labour Party last week. It was Tuesday morning, in fact, and the occasion was Liam Byrne’s speech to the Policy Network. Of course, MPs, particularly former ministers, give speeches to think tanks all the time and most float under the […]

Is capitalism “mutating” into an infotech utopia?

by Ann Pettifor.

I was privileged to be invited by the St. Paul’s Institute to discuss (on the 3 November) the thesis in Paul Mason’s recent book Post Capitalism: A Guide to Our Future with a keynote speech from the author. Mason’s book is both a riveting and intellectually exhilarating read. It challenged me at a range of […]

Only Corbynomics can reverse the economic slowdown

by Michael Burke.

The British economy is slowing down. In the 3rd quarter of 2015 the economy had expanded by just 2.3% from the same period in 2014. This measure removes the volatility of erratic quarter to quarter movements in GDP. The most rapid pace of growth in this recovery has been the 3.1% recorded in the 2nd […]

Corbynomics: winning with policy clarity

by Michael Burke.

Economic policy is central to the survival and eventual victory of the new Labour leadership, even though it is clearly not the only issue. Contrary to the usual Tory media reports, Jeremy Corbyn and his Shadow Chancellor John McDonnell registered an advance with the debate and vote on Osborne’s risible Fiscal Responsibility Charter. That advance […]

“Butskellism” versus Keynes and Marx

by Michael Burke.

The debate is continuing on the purpose of government borrowing and the role of ‘balanced budgets’ – which was started by John McDonnell’s position of balancing the budget on current expenditure but borrowing for investment. This is not surprising given that economic policy has to be the core of the programme for a Labour government. […]

Memo to Jeremy & John: it’s the country’s deficit that matters, not the government’s

by Bryan Gould.

A major factor in Jeremy Corbyn’s appeal to voters in the recent leadership election – and potentially to the wider electorate as well – was his brave assertion that austerity was the wrong response to recession and was doing absolutely avoidable damage to both economic performance and social cohesion. That assertion not only gave fresh […]

Austerity – It’s Not Working and it’s Not Popular!

by Matt Willgress.

Jeremy Corbyn’s landslide victory in the Labour leadership election was the clearest sign yet that not only is austerity not working, it’s increasingly not popular. Before Jeremy’s entrance into the leadership race, on a clear anti-austerity platform that argued for a progressive alternative based on investment rather than cuts, the leadership campaign had begun with […]

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