In the post-slump era,radical ideas can quickly go mainstream and turn economic orthodoxy on its headFifty-five economists bear written to the Financial Times to caution that Jeremy Corbyn is out of line with “the mainstream” of their discipline. What is spellbinding here is not the professors’ conventional statement of the conventional wisdom, but rather why they felt moved to pick up the pen. Related: Jeremy Corbyn wins economists’ backing for anti-austerity policies Continue reading...
Source: theguardian.com