Alongside his American academic appointment, the former MPC member has also served as the Economics Editor of the New Statesman. Danny has warned that opposition to austerity isn’t enough without an alternative policy: Labour needs to “get real, understand that markets work, and learn fast.” As a specialist in ‘the everyday economics of people’ Danny focuses on real data, instead of forecasts.
David ‘Danny’ Blanchflower is a pre-eminent British economist, specialising in the economics of people: wages, jobs and wellbeing. Perhaps best known for his term on the Bank of England’s Monetary Policy Committee, he regularly voted with the minority – a position later proved correct during the global financial crisis.
David moved from high school teacher to university professor, spending most of his academic career in highly esteemed American institutions. He is immensely well connected on both sides of the Atlantic, and equally conversant with policy movements and personalities at the Fed, the BoE and the ECB. He is a frequent contributor on both Bloomberg and the BBC, and has also served as both a columnist for The Independent and as Economics Editor of The New Statesman.
Widely noted as the first influential person within the UK banking and financial system to raise the alarm about the credit crunch and banking crisis, David’s now hailed for his foresight, rigour and plain common sense in highlighting the flaws in the market and financial systems. He is also acknowledged for making economics understandable to the layman.
In presentations David makes sense of the latest economic data, providing expert analysis on the decisions facing Central Bank, political and business policy makers. He also explores a number of questions at the heart of the recovery, from how best to raise living standards and encourage investment, to the problem of how to deal with future financial shocks when cutting interest rates is not a viable option.
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There are economists, forecasters and analysts – and then there's Danny. He’s straight talking, unafraid to cover ground many fear to tread, and he cuts through the gamesmanship. I particularly like his analogy about economic recovery: “It’s like visiting the doctor. Everyone wants to know when they’ll get better, but the best we can do is monitor progress and treat accordingly.” JLA Agent Ben Arnold
David Blanchflower Conference Speaker