Weeks critiques the government’s “deficit disorder” approach to economic recovery and argues that prioritising deficit reduction is unfounded. A policy reversal based on fiscal stimulus, public ...

In this paper, Tily and Pettifor analyse two articles by Bank of England authors on Money in the Modern Economy and discuss the implications for economic theory and practical policies; and for the ...

In this review essay of Geoffrey Ingham’s book Capitalism, Ann Pettifor stresses the need to understand the elastic production of money under capitalism and to move beyond the legacy of Adam Smith and ...

In this PRIME Position Paper, Ann Pettifor and Jeremy Smith record why – on economic as well as environmental grounds – they remain strongly against the Heathrow extension, and against building any ...

The euro not only replicated key elements of the gold standard – but went much further: European currencies were simply abolished. States lost control over both their currency and their central bank.

Where the EU investment agenda comes from and how to boost it? Raising the banner of investment has been the most important development of 2014 for European policy. Clearly, Europe needs a better ...

Taken from his lecture at the Capital Divided? Conference at City Perc in November 2014, Tily argues that Keynes’s goal was high employment founded on a high level of domestic activity. “Growth” was a ...

Reinforcing the case made in the Prime publication ‘The Economic Consequences of Mr Osborne’ in 2010, this study examines the impact of government stance on public debt for eleven OECD countries from ...

This analysis was co-authored by Geoff Tily and Ann Pettifor and published by the New Economics Foundation under the title, “The cuts won’t work: Why spending on a Green New Deal will reduce the ...

This e-publication comprises a set of five lectures given by Karl Polanyi in 1940 at Bennington College, Vermont. The first three briefly prefigure the main themes of his major work, “The Great ...

This paper examines how the notion that Keynes took money as exogenous in the General Theory has proved so durable in the post-Keynesian paradigm. This durability is despite post-Keynesians regarding ...

An appeal to the Bank of England: The ‘rate of interest’ has not been low. Financial liberalisation led to a steep increase the complex of interest rates for all kinds of borrowing, long and short, ...