The Gower Initiative for Modern Money Studies
An independent, non-profit organisation – part of a growing international movement challenging the economic orthodoxy of the last five decades
Andy Burnham has declared that back in the day, the UK took a wrong turn. He now says that his new government marks a turning point: he will break with …
The Money Sham – a new book written especially for the UK Read MoreBy Robert Cauneau First published on the MMT France website 5 October 2025 Introduction What if everything we thought we knew about government financing was wrong? Modern Monetary Theory (MMT) …
MMT: Towards a new social contract? Read MorePhil Armstrong Published online 17th September 2025 A Modern Monetary Theorist’s Response to ‘Weaknesses of MMT as a guide to development policy’, Aboobaker and Ugurlu (2023). Abstract In their article, …
A Modern Monetary Theorist’s Response to ‘Weaknesses of MMT as a guide to development policy’, Aboobaker and Ugurlu (2023). Read MoreHere we are again, at the beginning of yet another year. Let’s hope it is an improvement on the last. The highlights of this past year have been two events …
The Gower Intitiative for Modern Money Studies newsletter – January 2025 Read MoreGOWER INITIATIVE FOR MODERN MONEY STUDIES – WRITTEN EVIDENCE SND0019 – SUSTAINABILITY OF THE UK’S NATIONAL DEBT INQUIRY Introduction 1.1 The national debt has been a recurring topic …
Submission to the “Sustainability of the UK’s national debt” Inquiry Read MoreBy Neil Wilson. Reposted with permission from Neil’s New Wayland article. The strike action by UK junior doctors has an unreal quality. It lacks the media and political actions …
Junior Doctors: your 35% payrise is already in place. Demand that it be paid Read More“Let’s face it, the universe is messy. It is nonlinear, turbulent, and chaotic. It is dynamic. It spends its time in transient behavior on its way to somewhere else, not …
The empire of lies (and its consequences) Read More‘Growth is one of the stupidest purposes ever invented by any culture. We’ve got to have an ‘enough’. Always ask growth of what, and why, and for whom, and who …
Humanity sits at a crossroads as politicians re-sell the politics of public austerity Read MoreThe story behind Fiat Socialism By Carlos García Hernández “It’s not three, it’s four” – I remember distinctly when I had that thought. Intuition hit me. I was writing A …
Dalet Read More“Never forget that the economy is a wholly owned subsidiary of nature”. Global Boiling – Kate Mackenzie and Tim Sahay Many of us have grown up with the story of …
Economic delusions cannot save us from the climate crisis and societal decay Read More