Buttonwood’s notebook | Economic policy

Stop cheering, Keynesians

Corbynomics is not really Keynesian and doesn't really add up

By Buttonwood

THE appeal of Jeremy Corbyn, the likely Labour party leader, is said to be that he offers an alternative to austerity. Indeed his rise has been championed by Keynesians such as Paul Krugman. And there is plenty of scope for arguing about whether the British government has placed too much emphasis on deficit-cutting in recent years.

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