This post is about a paper of mine with Carlo Perroni of Warwick University, The Logic of Costly Punishment Reversed. It has just been accepted in the Journal of Economic Behavior and Organization (ungated version at my website).
With the dust now finally settled after the general election two weeks ago, it has allowed us all time to reflect on what the results mean for the country.
The Conservatives won a shock majority after Britain went to the polls on May 7th. The economy had been the major talking point in the build up to the election with the Tories positioning themselves as a ‘safe pair of hands’ to manage the country’s continued economic recovery.
With the 2015 General Election now less than six weeks away, attention has turned to the main political parties’ economic strategy. As always the debate will have a crucial influence on who ends up in power.
David Cameron has claimed that his government are running on a “record of economic success”. A key part of his pre-election rhetoric has centred on warning of the risks involved in handing the country’s economic recovery over to the Labour Party. He has urged voters to remember Labour’s record of high borrowing while in office, something which Cameron insists would be disastrous for Britain’s economy should it happen again.