Must-Read: Martin Sandbu: The Importance of Corbynomics

Must-Read: Martin Sandbu**: The Importance of Corbynomics: “A good place to start is by the two competing letters from economists…

…for and against Corbynomics. One, in the Guardian, insisted that Mr Corbyn’s opposition to fiscal austerity was mainstream economics. The other, in the Financial Times, argued that nationalising industries and printing money to fund investment was not. If this is a war of letters, it is a phoney kind of war, since both can be true at the same time (as Simon Wren-Lewis has pointed out.) But together, the two letters make up as good a list as any of the main traits of the economic policy that Mr Corbyn has suggested he wants to pursue.