John Weeks has a new book out, The Debt Delusion, which takes a progressive line in debunking a number of what he terms the myths that surround fiscal policy.
Weeks is an Emeritus Professor of Development Studies at SOAS, and coordinator of the Progressive Economy Forum. He is heavily critical of austerity and proposes an ‘anti-austerity’ agenda on tax and spending for today’s policymakers.
Weeks has long been critical of mainstream economics in general, not least in his previous book for the layman, Economics of the 1%.
Summing up his proposed fiscal policy framework, he writes (p.182-3): Continue reading