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 £12bn in cuts in the welfare bill.
Despite the barrage of media coverage to the contrary, it is the current government’s 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.
We the undersigned are not all supporters of Jeremy Corbyn. But we hope to clarify just where the “extremism” lies in the current economic debate.
Yours,
David Blanchflower
Bruce V Rauner professor of economics, Dartmouth and Stirling, ex-member of the MPC
Bruce V Rauner professor of economics, Dartmouth and Stirling, ex-member of the MPC
Mariana Mazzucato
Professor, Sussex
Professor, Sussex
Grazia Ietto-GilliesEmeritus professor, London South Bank University
Malcolm Walker
Emeritus professor, Leeds
Emeritus professor, Leeds
Robert Wade
Professor, LSE
Professor, LSE
Michael Burke
Economist
Economist
