June 10, 2017 This article is co-authored by Ann Pettifor and Jeremy Smith, and was first published on the Policy Research in Macroeconomics (PRIME) website After an exhausting and successful national campaign, it is hard for campaign strategists to think of next steps. But we are at a critical historical juncture, and a range of
An Open Letter to Jeremy Corbyn re UK, Europe & the Green New Deal Read More »
The production of money is ultimately the struggle for control over resources, wealth, people and our environment. But there is a surprising level of ignorance around how banks create money out of thin air and the benefits which flow from it. So on this programme we shine a much-needed light on who should get the
The following is an interview with Maya Singer of Vogue magazine, USA, based on my new book, The Production of Money. I was delighted to appear in a publication (or at least on a website) read mainly by young women…. MARCH 2, 2017 7:00 PMby MAYA SINGER What is money? That might seem like the
Money and the Government: Everything You Need to Know But Were Afraid to Ask Read More »
This was broadcast by the Royal Society of Arts on 14th March, 2017.
It will take Big Money to steer Britain through this rocky period. Instead, Chancellor Hammond has promised to continue slashing the very departmental expenditure essential to smooth the path. We must conclude that he does not wish to invest in a safe Brexit at all. We live in perilous times. The demand by millions of people
Ann Pettifor spoke on a Bloomberg TV panel with Gerard Lyons, Ambassador Paquale Terracciano and host Francine Lacqua on The Pulse. The U.K. services industry recorded a decent expansion in the first month after Brexit, all but scrubbing the chances of the U.K. economy contracting in the third quarter. The data make it more likely that that
Can Carney do more to stabilise Brexit Britain? Bloomberg TV Read More »
In September 2015, we were pleased to accept the invitation to serve on an Economic Advisory Council (EAC). We felt strongly that it represented an opportunity to develop a vision of a progressive economic policy for Britain that departed from the destructive austerity narrative. Our collective view is that the EAC, and its various policy
Statement from members of Labour’s Economic Advisory Commitee Read More »
I have been criticised by among others, Professor Simon Wren-Lewis, for the earlier blog criticising the economics profession. To bolster my case, am sharing here ex-governor of the Bank of England, Mervyn King’s, views on the profession. While his is an “on-the-one-hand-but-on-the-other” approach, nevertheless it is clear on the culpability of the profession. The quotation
We, at Policy Research in Macroeconomics (PRIME) call for an urgent, independent, public inquiry into the economics profession, its role in precipitating both the financial crisis of 2007-9, and the subsequent very slow ‘recovery’. Finally the role of the profession in the run up to the British European referendum campaign.
Dear readers: for some time, I have been lax in updating this, my personal site, and beg your forbearance as recent material is added which may still be of interest and relevance. This article was first published on June 14, 2016 and is from the e-publication “Remain for Change: Building European solidarity for a democratic
A political and economic case for voting to Remain Read More »
