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Stiglitz warns of 'short-termism' in economic thinking

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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