Headspace #28: Brexit and the economy—time to change direction
Four contributors to Prospect's May issue ask if it's time for a revolution in economics—and whether Jacob Rees-Mogg is heading for No 10
If modern economic theory led to the Financial Crisis of 2008, some of its basic ideas need to change—but how? In this podcast, Howard Reed describes how the discipline went wrong, and how it must be reformed and Linda Yueh asks how the great economists of the nineteenth century might have reacted to modern times.
And if we do develop a new economic outlook, who will be in No 10 to implement it? Jacob Rees-Mogg? Perhaps, says Sonia Purnell, who describes the Tory MP’s continuing allure for his party—even if others elsewhere find him less appetising. And Patience Wheatcroft, the Conservative peer, discusses the Parliamentary fight over Brexit. Will it happen? Chaired by the Editor of Prospect, Tom Clark.
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