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 Article originally published in Spanish by RedMMT here Marx argues that any economic system based on private ownership of the means of production is doomed to …
The Paradox of the Two Knights Read MorePhil Armstrong and Warren Mosler Published online November 2020 Full Article Abstract The hyperinflation in Weimar Germany in 1922-23 has become the poster child of mainstream economists – and especially …
Weimar Republic Hyperinflation through a Modern Monetary Theory Lens Read MoreThe Gower Initiative for Modern Money Studies Published online 24th October 2020 Full Document Introduction The purpose of this white paper is to outline the fundamentals of MMT …
Modern Monetary Theory (MMT) White Paper – UK Read MorePhilip Armstrong Nick Potts Solent University, Southampton, UK Published online 13th August 2020 Full article Abstract In these extraordinary times it might just be that heterodox …
Time For Informed Change. Post Covid-19 Economics Read MoreThis article by Wynne Godley was first published in The London Review of Books, Volume 14, no 19, on 8th October 1992. Original article here A lot of people throughout …
Maastricht and All That Read MoreWarren Mosler Published online 4th July 2020. Updated 3rd November 2024. Full Document Introduction The purpose of this white paper is to publicly present the fundamentals of …
White Paper: Modern Monetary Theory (MMT) Read MorePhil Armstrong, Solent University, Southampton Sara Holland, Claire Jackson-Prior and Prue Plumridge, Gower Initiative for Modern Money Studies Published online 5th April 2020 Full article Introduction …
Economics and the political and social environment; lessons for MMT advocates Read MorePhil Armstrong, University of Southampton Solent and York College 2020 1. Norwood Hanson: Is the sun going around the Earth or the Earth going around the sun? Norwood …
Norwood Hanson, Paul Krugman and MMT Read MoreGIMMS is pleased to be able to present for our MMT Long Read two chapters of the book “The Rise of the Right – English nationalism and the transformation of …
The Rise of the Right Read MoreWhen people first hear of the idea of the Job Guarantee, they often mistakely liken it to Workfare. Here, in her paper from April 2018, Pavlina R. Tcherneva explains the …
The Job Guarantee: Design, Jobs, and Implementation Read More