Stiglitz warns of 'short-termism' in economic thinking
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Economist Joseph Stiglitz on John McDonnell advisor role

The shadow chancellor John McDonnell has been holding public lectures featuring members of his economic advisory panel, designed to open up Labour's policy-making process and break away from what he considers Westminster-dominated views of the economy.

The latest speaker was the Nobel-prize winning economist Joseph Stiglitz, who used to advise Bill Clinton.

He warned about the dangers of 'short-termism' in economic thinking, and spoke about his new role, to Daily Politics reporter Adam Fleming.

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  • 03 Mar 2016
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