Posts under ‘Macroeconomics’

Extreme? Back to the 80s? How Corbynomics compares with the SDP manifesto

by James Meadway.

Jeremy Corbyn’s economic programme may be seen as radical by many today, but economist James Meadway finds it has a surprising amount in common with the 1983 SDP manifesto There’s been a lot of excitable chatter about Jeremy Corbyn’s economic policies. Newspaper pundits and Labour Party grandees have queued up to denounce his plans as a return […]

The justification for Corbynomics goes far beyond re-nationalisation

by Michael Meacher.

It is curious that the main charge thrown against Jeremy Corbyn – apart from all the bluster and hysteria – is that his policies lack ‘economic credibility’. The assumption presumably is that the economic policies pursued by UK governments, both Labour and Tory, as well as by the EU, were sufficiently credible and rewarding as […]

Labour’s panicky establishment referencing the wrong period in history

by Ann Pettifor.

“This young country will be proud of its identity and its place in the world, not living in its history, but grasping the opportunities of its future.” Tony Blair: Leader’s speech, Brighton, 1995. Tony Blair and those associated with Blairism embraced globalisation and studiously ignored Labour Party history – except to denounce and disown “Old Labour”. […]

Why the Euro is the gold standard writ large…

by Ann Pettifor.

The euro not only replicated key elements of the gold standard – but went much further: European currencies were simply abolished. States lost control over both their currency and their central bank. Parallels with the operation of the gold standard explain why, like the gold standard, the euro will fail. The euro system denies monetary […]

Jeremy Corbyn is a common sense, mainstream Keynesian

by Bryan Gould.

Former UK Labour minister and  leadership candidate Bryan Gould has a long-distance view of the Labour leadership contest from the other side of the world, living in New Zealand For New Zealand students of current affairs, the contest for the leadership of the UK Labour Party involves four names that will mean little – and, in […]

The counter-attack on Corbynomics

by Michael Burke.

The economic policies of Jeremy Corbyn have come under widespread criticism. This exceeds the level of scrutiny of his policies; many of his critics do not seem to have troubled themselves to read his key policy document. It also be far exceeds the level of scrutiny devoted to any of his leadership rivals. This is […]

Brown has a nerve to lecture us on economic credibility or winning elections

by Michael Meacher.

It is hard to believe that Brown had the gall in his anti-Corbyn diatribe to declare that “the best way of realising our high ideals is to show that we have an alternative in government that is…neither a pale imitation of what the Tories offer nor is the route to being a party of permanent […]

Too left wing? Corbyn concedes too much on public spending – trade deficit matters more

by Bryan Gould.

How Left wing is Jeremy Corbyn? If anything, argues Bryan Gould, Corbyn’s economic platform concedes too much on the government deficit – it is the balance of payments deficit which should be our main focus As the warnings about a Corbyn leadership become more and more hysterical, we need to ask – just how left-wing is Jeremy […]

The Cruddas review doesn’t undermine Corbyn – it shows an anti-cuts, pro-growth message can win

by Nathan Akehurst.

Our appetite for cuts is abstract. Ask the median voter if they support ‘balancing the books’, and of course – as Jon Cruddas’ independent review into Labour’s election loss points out – the answer will be a resounding ‘yes.’ The intuitive analogy of household budget and national economy has been honed by the Conservatives for […]

The ‘Stalinism’ of Jeremy Corbyn: a reply to the Telegraph’s deputy editor

by David Osland.

Jeremy Corbyn’s supporters should get off Twitter and read a book instead. Or at least that’s the somewhat patronising headline accusation that opens the Telegraph deputy editor Allister Heath’s polemic against the left’s contestant in the current Labour leadership contest. It’s a bit rich for rightwingers to accuse leftwingers of not reading enough books. Surely the […]

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