Richard Layard explains the Manifesto for Economic Sense
Richard Layard 28 June 2012
Many economists believe that the austerity-first strategy currently pursued by EZ leaders is self-defeating. In this column, Richard Layard introduces a Manifesto for Economic Sense and invites economists across the world to add their name to it.
You may have seen the "Manifesto for Economic Sense" which Paul Krugman and I are promoting.1 Our aim is to generate a movement of economists who speak out against policies they know to be wrong. In the end, as we know, it is ideas that rule, and I have been shocked by the ideas that now rule, even inside the heads of my tennis friends.
Macroeconomic policy Politics and economics
fiscal policy, austerity, Manifesto for Economic Sense