The details of Labour’s new economic advisory committee are out, with “rockstar” economist Thomas Piketty top of the list. Known for his best-selling 2013 book Capital in the Twenty-First Century, Piketty joins figures such as anti-austerity heavyweight Joseph Stiglitz in advising Jeremy Corbyn and shadow chancellor John McDonnell as they set out their “economic vision”.
Speaking before the announcement, Corbyn spoke of his “mandate to oppose austerity and to set out on economic strategy based on investment in skills, jobs and infrastructure”. His team reflects this: aside from Piketty and Stiglitz, McDonnell has recruited experts on globalisation, inequality and innovation to present what he calls “the coherent alternative our country so desperately needs”.
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