In this episode Professor Michael Ben-Gad and Professor Chris Rojek look at recent polling. They remain sceptical of new projections that Labour will achieve a majority of over one hundred seats, but nonetheless as good Bayesians, update their priors. They then discuss the Labour manifesto. Is growth feasible? Is it desirable?
Macroeconomists struggle to understand which policies might generate sustained economic growth, yet politicians think they have uncovered its secrets.
Chris discusses Nigel Farage’s impact on UK politics and the future of the Tory Party. What does the rising support for the Reform Party tell us about the nature of populism? Michael gets to invoke Friedrich Hayek’s Road to Serfdom.