@Spectre8, just going to copy and paste what I wrote earlier about Conservative approach to our economy since the global crash.
My economic knowledge is limited, having never studied economics and different economic theories, but papers have reported a fair few leading economists have said they think some of Corbyn's suggestions for the economy are good solid ideas, particularly the creation of a National Investment bank to boost investment across all areas of the UK and for small businesses.
Someone I know who is doing a PHD in economics shared at the height of the global economic crisis most of the wealthy countries in Europe to get their economics back on track employed exactly what Corbyn is proposing now - essential investment in infrastructure, higher public spending, sound investment in health care and education. They are are majorly out performing us in terms of shrinking their deficit.
Despite Osborne implementing austerity we are being out performed by the peseta other economies who did not take the austerity route. As a nation we are being conned into thinking the budget of a country needs to be run like a household- just tighten up in tough times.
Wages for low to middle income have stagnated which means foreign investment is not as high as it could be even with our extremely low corporate tax. Multi national corporations want to know a country has a healthy, educated population with disposable income. All I can observe is that our economy under Osborne and now Hammond has not grown as much as other European countries and the national debt has doubled since Labour lost in 2010. Only the highest earners have enjoyed an improved standard of living and even higher wages.
The person I know gave these figures on expenditure with comparable economies who are outperforming us despite higher expenditure.
Austerity hasn't worked. I am ready to see Corbyn's fiscal policies successfully adopted in other European countries being tried here in the UK.