{"id":64634,"date":"2022-09-06T13:03:07","date_gmt":"2022-09-06T12:03:07","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=64634"},"modified":"2022-09-06T13:03:07","modified_gmt":"2022-09-06T12:03:07","slug":"on-patrick-minford","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/09\/06\/on-patrick-minford\/","title":{"rendered":"On Patrick Minford"},"content":{"rendered":"<p>Larry Elliott <a href=\"https:\/\/www.theguardian.com\/business\/2022\/sep\/06\/from-thatcher-to-truss-the-economist-behind-new-pm-fiscal-plans-patrick-minford\" target=\"_blank\" rel=\"noopener noreferrer\">has a piece in the Guardian today<\/a> discussing Patrick Minford, the economic adviser to both Thatcher and Truss. He notes:<\/p>\n<blockquote>\n<p class=\"dcr-xry7m2\">The left-leaning economist Richard Murphy says: \u201cMinford has three strengths. He has been willing to think outside the constraints of prevailing economic models that restrict most other economists\u2019 thinking. He has been willing to talk about his thinking, which far too few economists do. And he has stuck to his guns.<\/p>\n<p class=\"dcr-xry7m2\">\u201cHe also has three weaknesses. His outside-the-box thinking is based on market fundamentalism, and that has casualties. His ability to forecast has been much worse than that of the average economist, and that\u2019s saying something. As a result he has consistently been on the wrong side of events and political need.\u201d<\/p>\n<\/blockquote>\n<p>The original quote had another paragraph that did not reach the paper:<\/p>\n<blockquote><p>Minford\u2019s critics need to do three things. They need to create a new box to think in that reflects reality. They need to talk about it. And they need to show they are addressing the public interest. So far, most refuse to do any of those things. That\u2019s why Minford is still getting a platform.<\/p><\/blockquote>\n<p>In summary, Minford fell out of the wrong side of the box, and we need a new box in any case.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Larry Elliott has a piece in the Guardian today discussing Patrick Minford, the economic adviser to both Thatcher and Truss. He notes: The left-leaning economist<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/09\/06\/on-patrick-minford\/\"><em> Read the full article&#8230;<\/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-64634","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/64634","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=64634"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/64634\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=64634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=64634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=64634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}