Jeremy Corbyn. Chris Beckett/Flickr

Jeremy Corbyn’s Necessary Agenda

While businesses clearly create wealth, so do workers, public institutions, and civil-society organizations. Indeed, what sets Britain's new Labour Party leader apart is his recognition that wealth creation is a collective process, and that market outcomes are the product of how various “wealth creators” interact.

BRIGHTON – Seven economists (including Joseph Stiglitz, Thomas Piketty, and me) have agreed to become economic advisers to Jeremy Corbyn, the new leader of the British Labour Party. I hope we will have a shared goal to help Labour shape an economic policy that is investment-led, inclusive, and sustainable. We will bring different ideas to the table, but these are my thoughts on the kind of progressive agenda the United Kingdom – and the rest of the world – now needs.