Sunday, 30 December 2012

A contribution to the supply-side debate from an academic


I have dealt before with the question of immigration and the impact on the supply side of the economy.

Here is a contribution from an academic, Sir Andre Geim, a Nobel prize winning physicist. He makes the point that the present UK immigration policy is likely to harm the economy. The points are well made and I won't repeat them here.

The supply side of the economy can be damaged in the long term by inappropriate short term policy. The problem is that the long term nature of supply side policy means it is difficult to see the benefits and this allows the Daily Mail/Express/Sun to play to the base instincts of popular culture.


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