Brexit: An Economic Suicide Note? *CANCELED*

Date: Tuesday, June 19, 2018 Time: 5:30 pm-7:00 pm Location: Burr and Burton Academy, Hunter Seminar Room  { MAP } Fee: $15 in advance; $20 at the door



David Blanchflower

Professor of Economics
Dartmouth College

Real wages in the UK in 2018 are still 6% below where they were in 2008. The Great Recession exposed deep underlying difficulties in the UK. Misplaced austerity that was implemented in 2010 had no other economic purpose than to reduce the size of the state. Cuts to public spending especially hurt the disabled and the poor. Homelessness and crime have increased sharply, as has the number of food banks. The young voted AGAINST Brexit while the old voted FOR, which opened up deep chasms in society. The government's own estimates are that Brexit will lower GDP, and there do not seem to be any economic benefits. (You can't eat sovereignty.) What does this mean for the UK going forward? Are any social or political benefits likely to ensue?

Dr. David Blanchflower earned his PhD at the University of London, and has for the past 25 years been Professor of Economics at Dartmouth College. He is also a research associate for the National Bureau of Economic Research. In Europe, he serves as Professor of Economics at University of Stirling, directs the Future of Labor Programme at University of Bonn, is research fellow at University of Munich, and is an economics editor for the New Statesman. In 2009 he was appointed Commander of the British Empire (CBE) in the Queen’s Birthday Honours List, “for services to the Monetary Policy Committee and economics.”