{"id":30294,"date":"2015-08-23T16:15:30","date_gmt":"2015-08-23T15:15:30","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=30294"},"modified":"2015-08-23T16:15:30","modified_gmt":"2015-08-23T15:15:30","slug":"economic-extremism","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/08\/23\/economic-extremism\/","title":{"rendered":"Economic extremism"},"content":{"rendered":"

Perhaps unsurprisingly given the association that has been made between me and Corbynomics\u00a0I welcome this letter in today's Observer<\/a>:<\/p>\n

The accusation is widely made that Jeremy Corbyn and his supporters have moved to the extreme left on economic policy. But this is not supported by the candidate\u2019s statements or policies.<\/em><\/p>\n

His opposition to austerity is actually mainstream economics, even backed by the conservative IMF. He aims to boost growth and prosperity. He voted against the shameful \u00a312bn in cuts in the welfare bill.<\/em><\/p>\n

Despite the barrage of media coverage to the contrary, it is the current government\u2019s policy and its objectives which are extreme. The attempt to produce a balanced public sector budget primarily through cuts to spending failed in the previous parliament. Increasing child poverty and cutting support for the most vulnerable is unjustifiable. Cutting government investment in the name of prudence is wrong because it prevents growth, innovation and productivity increases, which are all much needed by our economy, and so over time increases the debt due to lower tax receipts.<\/em><\/p>\n

We the undersigned are not all supporters of Jeremy Corbyn. But we hope to clarify just where the \u201cextremism\u201d lies in the current economic debate.<\/em><\/p>\n

Yours,<\/em><\/p>\n

David Blanchflower<\/em>
\nBruce V Rauner professor of economics, Dartmouth and Stirling, ex-member of the MPC<\/em><\/p>\n

Mariana Mazzucato<\/em>
\nProfessor, Sussex<\/em><\/p>\n

Grazia Ietto-Gillies<\/em>
\nEmeritus professor, London South Bank University<\/em><\/p>\n

Malcolm Walker<\/em>
\nEmeritus professor, Leeds<\/em><\/p>\n

Robert Wade<\/em>
\nProfessor, LSE<\/em><\/p>\n

Michael Burke<\/em>
\nEconomist<\/em><\/p>\n

Steve Keen<\/em>
\nProfessor, Kingston University London<\/em><\/p>\n

Victoria Chick<\/em>
\nEmeritus professor, UCL<\/em><\/p>\n

Anna Coote<\/em>
\nNEF personal capacity<\/em><\/p>\n

Ozlem Onaran<\/em>
\nProfessor, Greenwich<\/em><\/p>\n

Andrew Cumbers<\/em>
\nProfessor, Glasgow<\/em><\/p>\n

Tina Roberts<\/em><\/p>\n

Economist<\/em><\/p>\n

Dr Suzanne J Konzelmann<\/em>
\nBirkbeck<\/em><\/p>\n

Tanweer Ali<\/em>
\nLecturer, New York<\/em><\/p>\n

John Weeks<\/em>
\nProfessor, SOAS<\/em><\/p>\n

Marco Veronese Passarella<\/em>
\nLecturer, University of Leeds<\/em><\/p>\n

Dr Judith Heyer<\/em>
\nEmeritus Fellow, Somerville College, Oxford<\/em><\/p>\n

Dr Jerome De-Henau<\/em>
\nSenior lecturer, Open University<\/em><\/p>\n

Stefano Lucarelli<\/em>
\nProfessor, University of Bergamo<\/em><\/p>\n

Paul Hudson<\/em>
\nFormerly Universit\u00c3\u00a4t Wissemburg-Halle<\/em><\/p>\n

Mario Seccareccia<\/em>
\nProfessor, Ottawa<\/em><\/p>\n

Dr Pritam Singh<\/em>
\nProfessor, Oxford Brookes<\/em><\/p>\n

Arturo Hermann<\/em>
\nSenior research fellow at Istat, Rome<\/em><\/p>\n

Dr John Roberts<\/em>
\nBrunel<\/em><\/p>\n

Advertisement<\/em><\/p>\n

Cyrus Bina<\/em>
\nProfessor, Minnesota<\/em><\/p>\n

Alan Freeman<\/em>
\nRetired former economist<\/em><\/p>\n

George Irvin<\/em>
\nProfessor, SOAS<\/em><\/p>\n

Susan Pashkoff<\/em>
\nEconomist<\/em><\/p>\n

Radhika Desai<\/em>
\nProfessor, University of Manitoba<\/em><\/p>\n

Diego S\u00c3\u00a1nchez-Ancochea<\/em>
\nAssociate professor, University of Oxford<\/em><\/p>\n

Guglielmo Forges Davanzati<\/em>
\nAssociate professor, University of Salento<\/em><\/p>\n

Jeanette Findlay<\/em>
\nSenior lecturer, Glasgow<\/em><\/p>\n

Raphael Kaplinsky<\/em>
\nEmeritus professor, Open University<\/em><\/p>\n

John Ross<\/em>
\nSocialist Economic Bulletin<\/em><\/p>\n

Steven Hail<\/em>
\nAdjunct lecturer, University of Adelaide<\/em><\/p>\n

Louis-Philippe Rochon<\/em>
\nAssociate professor, Laurentian<\/em><\/p>\n

Hilary Wainwright<\/em>
\nEditor, Red Pepper<\/em><\/p>\n

Arturo Hermann<\/em>
\nSenior researcher, ISAE, Rome<\/em><\/p>\n

Joshua Ryan-Collins<\/em>
\nNEF personal capacity<\/em><\/p>\n

James Medway<\/em>
\nLecturer, City University<\/em><\/p>\n

Alberto Paloni<\/em>
\nProfessor, Glasgow<\/em><\/p>\n

Dr Mary Roberton<\/em>
\nLeeds<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Perhaps unsurprisingly given the association that has been made between me and Corbynomics\u00a0I welcome this letter in today’s Observer: The accusation is widely made that
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-30294","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/30294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=30294"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/30294\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=30294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=30294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=30294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}