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
“Governments stand because people sit; if people stand, governments will sit!” – Mehmet Murat İldan (Turkish writer). Did you clap for the NHS and key workers? Did you cheer on …
If you clapped for the NHS and key workers, now it’s time to ACT. Read More‘Two roads diverged in a yellow wood’ are the opening words of a poem by the celebrated poet Robert Frost. Whilst he was writing about his own personal life’s journey, …
‘Two roads diverged in a yellow wood’. The question is which one will we take? Read More‘We hope this pandemic will teach us that in normal times we must build up our supplies, our infrastructure, and our institutions to be able to deal with crises. We …
We don’t have to accept a corporate blueprint for a future world. The alternative is to forge a collective vision based on solid values and publicly provided foundations to enable human and planetary flourishing. Read MoreAll labor that uplifts humanity has dignity and importance and should be undertaken with painstaking excellence. Martin Luther King, Jr. While the scale of the real human tragedy of …
Change is not a pleasant process, but we must not shy away from it. There is an alternative. It’s time to engage. It’s time to make the world anew. Read More‘Care homes have been top priority for the government’ so said the health secretary in a COVID-19 briefing earlier this week. Daily the evidence grows that this is yet more …
The question is not how we will pay for the pandemic, but how government can use its currency-issuing capacity to deal with the most pressing issues of our time. Read MoreGIMMS welcomes this week’s guest MMT Lens author Peter Martin. Peter has always taken an interest in politics and economics and considered himself vaguely Keynesian. He first came across …
Modern Monetary Theory and the COVID-19 induced economic slowdown. Read More‘No society should need permission from wealthy people to operate in a high functioning way’ Nick Hanauer A day of reckoning is coming. The exponential rise in deficit spending …
The cost of government austerity has been a one of infrastructure decay and human suffering. Our nation has paid the price. Are we ready yet to re-imagine our world? Read More“How all this plays out ultimately depends on us. The emperor is now naked and the ground for a radical paradigm shift – one based on popular sovereignty, democratic control …
COVID-19 is our practice run. Our future survival may be at stake, but the solutions are within our grasp. NOW. Read MoreMarcus Tullius Cicero was a Roman statesman, lawyer and academic sceptic philosopher. He wrote ‘The Safety of the People shall be the Highest Law.’ This week, it was reported that …
Rishi Sunak is wrong. ‘Righting the ship’ won’t require any taxpayers to ‘chip in’ to cover the cost of his spending plans – not now, in the future, or ever. Read MoreBy Phil Armstrong, University of Southampton Solent and York College. The UK government’s significant fiscal expansion – in line with its ‘do whatever is required’[1] mantra – is, of course, …
A Short Comment on the UK Government’s Fiscal Policy in the Current Crisis Read More