All 1 entries tagged Macroeconomics;
No other Warwick Blogs use the tag Macroeconomics; on entries | View entries tagged Macroeconomics; at Technorati | There are no images tagged Macroeconomics; on this blog
February 21, 2015
Writing about web page http://www.lrb.co.uk/v37/n04/simon-wren-lewis/the-austerity-con
A must read piece by Simon Wren-Lewis in the LRB on the false economics of austerity. He shows that trying to cut the deficit by austerity measures is counterproductive and damages the economy. He estimates that the cost to the UK economy in permanently lost output due to George Osborne's policies is at least £100billion or 5% of GDP.