Ann Pettifor

Why I will vote Remain

Back in 1975 I did not just oppose membership of the EU, I actively campaigned against it. In the 1990s I strongly opposed Britain’s membership of the Exchange Rate Mechanism (ERM). My opposition to the Labour leadership’s support for ERM helped ensure that I did not get chosen as Parliamentary candidate at the time. I

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Mr Osborne and the economists’ advice

From the March 2016 Preface to The Economic Consequences of Mr Osborne By Ann Pettifor, Professor Victoria Chick and Geoff Tily  … when sustained, fiscal consolidation increases rather than reduces the public debt ratio and is in general associated with adverse macroeconomic conditions.  ‘Economic Consequences of Mr Osborne’, June 2010 Having missed the genuine threat

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The boom, not the slump, is the time for austerity – Guardian Letters

The following is a letter by Professor John Weeks and Ann Pettifor, published today, 15th March 2016 in The Guardian.  Andrew Harrop’s article on John McDonnell’s public borrowing for investment points out its improvement on the chancellor’s deficit obsession (John McDonnell’s new fiscal rule is strong, but it’s no election winner, theguardian.com, 11 March). Of

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Threat of a synchronised downturn & G20 Finance Ministers’ complacency

“For the proposition that supply creates its own demand, I shall substitute the proposition that expenditure  creates  its  own income”   JM Keynes Collected Writings, Volume  XXIX,  p.  81 G20 Finance Ministers met in Huangzhou, China recently and refused appeals from both the IMF and the OECD for “urgent collective policy action” that focussed “fiscal

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Is the global economy headed for another crash?

On Thursday 21st January, Ann Pettifor appeared on Al Jazeera, along with Vicky Pryce, chief economic adviser at The Centre for Economic and Business Research, and Anastasia Nesvetailova, director of the City Political Economy Research Centre at City University in London. Presenter Nick Clark asked them to discuss why the global economic system lurches from one financial

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