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
By Carlos García Hernández Originally published in Spanish on 1/7/23. Definition of a State: a territory with fixed borders under a central authority with the capacity to …
A practical exercise for the reconstruction of the Left Read MoreCatherine Armstrong [1], The University of York, 2023 Introduction The Universal Basic Income (UBI) guarantees every adult an income. The Job Guarantee (JG) provides employment to everyone willing and …
Should we favour a Job Guarantee over a Universal Basic Income as a means of achieving a more socially just society? Read MoreMMT strips way the veil of neo-liberal ideology that mainstream macroeconomists use to restrict government spending. We learn that these constraints are purely voluntary and have no intrinsic status. This …
While opposing political parties play the fiscal credibility game, people get hurt. Read More“It is a trope of twentieth and twenty-first century-life that governments faced with financial shortfalls look first to the services they provide their citizens when making cuts. Instances like these …
Politicians’ fine-sounding pledges offer little more than a deceitful illusion when sound finances dictate the strategy Read MoreBy Ellis Winningham Oftentimes, we advise people to limit the use of the word “money” when discussing MMT concepts. Although the word is incredibly common, the term is actually …
An overview of the UK monetary system Read More“As long as we labour under the delusion that financial choices are the same for a government as they are for households or firms, who don’t have a [central] bank …
Two worlds. Royalty shamelessly flaunts its wealth while the people struggle to live. Read MoreKnowing can be a curse on a person’s life. I’d traded in a pack of lies for a pack of truth, and I didn’t know which one was heavier. Which …
Keynes’ wisdom still stands; “Anything we can actually do we can afford.” Read More“When people live in a fair, caring society, where everyone has equal access to social goods, they don’t have to spend their time worrying about how to cover their basic …
Collapsing services and neglected people in a disintegrating society that could be thriving Read More‘It needs to be understood how governments have facilitated inequality in the world. Billionaires don’t happen naturally. The rules by which a country’s economy operates is controlled by governments. If …
Money for big business and war but not for the public good Read MorePhil Armstrong ‘It’s the same each time with progress, First, they ignore you, Then they say you’re mad, Then Dangerous, And then there’s a pause, And then you can’t …
‘Tombstone for a Tombstone’: Dealing with the ‘bad science’ behind mainstream criticism of MMT Read More