by Stephen Fisher and Zach Ward-Perkins
This blog post counts as work in progress for a more thorough analysis of the issues of political debate and public understanding of macroeconomics. Comments very welcome.
There is a big choice at this election: between austere and austere-er; between cuts and £30bn or so more cuts. Even the so-called anti-austerity SNP turns out, according to the Institute for Fiscal Studies (IFS), to be offering similar spending plans to Labour, just over a longer and slower timescale. Why so? Continue reading The Dysfunctional Debate over Debt, Deficit and Macro Economic Policy
By Stephen Fisher
This is an edited version of a piece for The Cherwell.
As with any election, the one on May 7th is about lots of different issues and different things for different people. The factors that will affect the outcome are more numerous and varied still. Nonetheless many commentators are afflicted by a chronic temptation to try to define what particular elections are really all about.
Two main themes stand out this time: the economy and nationalism. The economic contest is between ideological positions on the size and role of the state as well as over competence in macro-economic management. For nationalism the relationships between Scotland and the UK and between the UK and EU are the main issues. Continue reading Links between economics and nationalism at this election