Economics for the Many

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Big challenges lie ahead for our society: increased automation of work, and the threat of catastrophic climate change. But so, too, are the huge possibilities presented by new technology and better ways of organising our economy in the wake of neoliberalisms failure. With the election of Jeremy Corbyn as Labour leader, and the extraordinary turnaround in Labours fortunes in the 2017 election, the possibility has opened up to build an economy in Britain that is radically fairer, radically more democratic, and radically more sustainable. But we need ideas and strategies on how to get there. Economics for the Many, edited and introduced by Shadow Chancellor of the Exchequer, John McDonnell, features contributions from the participants in McDonnell's New Economics conferences, including Faiza Shaheen, Barry Gardiner, Prem Sikka, Ann Pettifor, Paul Mason, Rebecca Long-Bailey and covers topics from housing, public ownership and fairer international trading systems to industrial policy for the 21st century and how to tackle tax avoidance and regional imbalances. Together, the essays in this volume lay out the vision for a new economics; one that works for the many, not the few.

Author Bio

John McDonnell MP has been the Shadow Chancellor of the Exchequer under Jeremy Corbyn's leadership since 2015. He has been the Member of Parliament (MP) for Hayes and Harlington since the 1997 general election. He has served as Chair of the Socialist Campaign Group in Parliament and the Labour Representation Committee, and was the chair of the Public Services Not Private Profit Group. He is also Parliamentary Convenor of the Trade Union Co-ordinating Group of eight left-wing trade unions representing over half a million workers.