Mark Wainwright

Open letters seem to be the standard method of communication nowadays — well, if you happen to be an economist anyway. Earlier this month, 20 of them wrote to the Sunday Times recommending that policies to reduce the UK’s burgeoning budget deficit be brought forward. Almost immediately, another open letter was sent to the Financial Times in response, this time signed by no fewer than 60, asserting this was entirely the wrong approach. This is a good example of the old “if you put two economists in a room, you get three opinions” adage, although this time we have 80 economists involved, and the stakes are somewhat higher... Read more →