Wednesday, February 24, 2010

Lord Skidelsky was awarded an honorary degree from the University of Rome Tre, in the presence of the President of Italy, Giorgio Napolitano. At the same ceremony, he was also appointed a Knight of the Grand Cross ( Cavaliere di gran Croce), which is the highest decoration within the President’s gift.
Lord Skidelsky has recently been at the heart of a lively debate in the UK's national media among economists, discussing the best way to tackle the national deficit, which has ballooned. The debate has created a schism in the profession, with some economists backing the Conservative Party’s view that fiscal tightening should begin this year, and others lending their support to Alistair Darling’s decision to delay spending cuts until 2011. Lord Skidelsky’s letter to the Financial Times on 18th February, co-signed by a further 57 leading economists, warned against a premature programme of deficit reduction, following a letter setting out the opposite view from leading economists from across the political spectrum to The Sunday Times on 14th February.