The Gower Initiative for Modern Money Studies

Social Get Together
2019-01-25 18:30 - 21:00 (Europe/London) | Riverside Terrace Café, Royal Festival Hall,, Southbank Center, Belvedere Rd, Lambeth, London, SE1 8XX, United Kingdom

First International European MMT Conference - Berlin
2019-02-01 08:00 - 2019-02-02 18:00 | EBC-Hochschule, Hauptstraße 27, Berlin, 10827, Germany

Bill Mitchell to launch 'Macroeconomics' textbook in London
2019-03-01 17:00 - 19:00 | Springer Nature – Stables Building, Trematon Walk, Kings Cross, London, N1 9FB, United Kingdom
GIMMS is delighted to be co-hosting with Macmillian International Higher Education an evening with the internationally respected author Bill Mitchell to launch the publication of ‘Macroeconomics’.

This groundbreaking new core textbook will allow the reader to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by comparing and contrasting heterodox and orthodox approaches to theory and policy. The first such textbook to develop a heterodox model from the ground up, it is based on the principles of Modern Monetary Theory (MMT) as derived from the theories of Keynes, Kalecki, Veblen, Marx, and Minsky, amongst others. Placing a focus on the realities of how money and banks operate, and on applied theories of financial instability, this text gives an unrivalled real-world insight into how the economy actually works.
Please join us in celebrating the launch of this text and take the opportunity to hear Bill’s own insights as to what the book sets out to achieve!
*** Bill Mitchell will be speaking at 1730***
Spaces for this event are limited, so please register to reserve your place at https://www.eventbrite.co.uk/e/official-launch-of-macroeconomics-tickets-56695101575
Registration is essential

Social Get Together - Nottingham
2019-03-02 14:00 - 16:30 | Canalhouse, 48 -52 Canal Street, Nottingham, NG1 7EH, United Kingdom

MMT Scotland – Modern Monetary Theory and the Economics of an Independent Scotland
2019-05-08 20:00 - 22:30 | EICC, The Exchange, Edinburgh, EH3 8EE, United Kingdom

MMT Scotland - Modern Monetary Theory and the Economics of an Independent Scotland
2019-05-09 20:00 - 22:30 | The Mitchell Library, North St, Glasgow, G3 7DN, United Kingdom

Bill Mitchell, Warren Mosler and Martin J Watts to speak at GIMMS Seminar - Birmingham
2019-05-11 15:00 - 18:00 | Unique Venues Birmingham, Birmingham Repertory Theatre. 6 Centenary Square,, Birmingham,, B1 2EP, United Kingdom
The Gower Initiative for Modern Money Studies is delighted to be hosting this event at which founding proponents of Modern Monetary Theory, Professor Bill Mitchell and Warren Mosler, will be joined by their colleague and fellow internationally respected author, Professor Martin J Watts.
The seminar will take place at 2-5pm on Saturday, 11 May 2019 at Unique Venues Birmingham, Birmingham Repertory Theatre, 6 Centenary Square, Birmingham, B1 2EP
Following the launch in March of the textbook ‘Macroeconomics’ and in anticipation of the inauguration of the MMT training college later this year, the event will focus on giving academics, teachers and the wider public the tools with which they can take a more critical approach to the subject by comparing and contrasting heterodox and orthodox approaches to theory and policy.
Join us for what will, without doubt, be an informative event aiming to challenge our preconceptions about how money works and how such an understanding offers a lens through which we can develop solutions to the pressing economic, social and ecological issues we face.

Tickets are £11.25 (including Eventbrite fee) and can be purchased here

Local Government Funding: Challenging the Status Quo
2019-05-12 16:30 - 19:00 | The Southgate Club, 17 Chase Side, London, N14 5BP, United Kingdom
Professor Bill Mitchell, who is on a promotional tour for his new book ‘Macroeconomics’ will address a number of key issues, including:
– The myopic nature of austerity – it ends up costing more in the long term.
– Why the British government faces no financial constraints and is unlike a household or local government.
– Why first-class provision of public services only depends on the availability of real resources.
– The policy options available to our currency issuing sovereign government that can be used within real resources constraints, to help local government finances.
– How localised unemployment, underemployment, insecure employment and low-paid employment can be tackled through a central government funded policy such as a Job Guarantee Scheme.

MMT Talk and Social - Abergavenny
2019-07-13 12:00 - 17:00 | The Melville Centre, Pen Y Pound, Abergavenny, Wales, NP7 5UD, United Kingdom
Do you ever wonder why governments have plenty of money for their pet projects or can magic it up to bail out banks or go to war but claim there is never any for delivering public services or the NHS?
Join the Gower Initiative team for its event in Abergavenny to learn why the household budget narrative of the state finances doesn’t match modern monetary realities and how such an understanding could play an important role in delivering a progressive agenda.
This will be an informal get-together with a programme to be announced and will offer an opportunity to mingle and chat with like minded people who want to make a difference.
Lunch and refreshments will be available during the afternoon.

GIMMS Labour Fringe Event
2019-09-23 14:00 - 16:30 | Dorset Gardens Methodist Church, Dorset Gardens, Brighton, BN2 1RL, United Kingdom
Do you have concerns about the climate crisis and what it means for the future of our planet and the health of our children and grandchildren? If you’ve heard about the Green New Deal and want to know more come along to our event with the world renowned economist Bill Mitchell. He’ll be debunking myths around government finances and how money works, explaining what the Job Guarantee is and how a Green New Deal can be paid for.
The event is aimed at challenging our preconceptions of how money works and examining how such an understanding offers a lens through which solutions can be shaped to address the pressing economic, social and ecological issues we face and enable the vital shift of the global economy onto a Green pathway that leaves no-one behind.
Professor Mitchell is a founding proponent of Modern Monetary Theory and co-author of the recently published textbook Macroeconomics. He will also be joined by Chris Williamson who is an MMT and Job Guarantee advocate.
All are welcome Labour members or not.

Bill Mitchell - Training the Trainers
2019-09-24 18:30 - 21:00 | Springer Nature – Stables Building, Trematon Walk, Kings Cross, London, N1 9FB, United Kingdom
Join the GIMMS team for a second and equally exciting opportunity learn how to explain MMT to the wider public. At this event Professor Bill Mitchell will be sharing the techniques he has used over decades of teaching.
Book your free ticket here

GIMMS Talk and Get Together - Manchester
2019-09-27 18:30 - 21:30 | Trof, 8 Thomas Street, Manchester, M4 1EU, United Kingdom
Have you ever wondered why governments have plenty of money for their pet projects or can magic it up to bail out banks or go to war but claim there is never any for delivering public services or the NHS?
Join the Gower Initiative team for its event in Manchester to find out why the household budget narrative of the state finances doesn’t match modern monetary realities, what a Job Guarantee is and why it is important and how such an understanding could play a crucial role in delivering a progressive agenda.
There will be a speaker and plenty of time for discussion.
Tickets are limited so don’t delay get yours here today!

GIMMS Talk and Social - Leeds
2019-09-28 14:00 - 17:00 | Headingley Enterprise & Arts Centre, Bennett Road, Leeds, LS6 3HN, United Kingdom
Have you ever wondered why governments have plenty of money for their pet projects or can magic it up to bail out banks or go to war but claim there is never any for delivering public services or the NHS?
Join the Gower Initiative team for its event in Leeds to find out why the household budget narrative of the state finances doesn’t match modern monetary realities, what a Job Guarantee is and why it is important and how such an understanding could play a crucial role in delivering a progressive agenda and a Green New Deal
There will be a speaker and plenty of time for discussion.
Tickets are limited so don’t delay get yours today!

Professor Bill Mitchell and Professor Steve Hall Seminar – London
2020-02-20 13:30 - 17:00 | Unite the Union (Diskus Theatre), 128 Theobalds Road, London, WC1X 8TN, United Kingdom
At a time of great change and political, social and environmental uncertainty both nationally and globally, it is even more vital to challenge the economic orthodoxy which has informed the political agendas of successive governments both on the right and the left for decades.
The GIMMS team therefore cordially invites you to join us for this MMT seminar in London to explore the potential for developing effective communication strategies to engage the public in a much-needed conversation about modern monetary reality and its connection with the daily lives of working people and their families.
Bill Mitchell is a professor of economics at the University of Newcastle, New South Wales, Australia and one of the founding developers of Modern Monetary Theory. He is is a prolific author and his most recent co-authored academic textbook ‘Macroeconomics’ which was launched last year in London is now in its third reprint.
In his presentation Professor Mitchell will focus on:

challenging the preconceptions which are embedded in the public consciousness and educational and other public institutions about how money works;
giving people the tools with which they can take a more critical approach to the subject of economics;
and show how such an understanding can assist in the development of solutions to the pressing economic, social and ecological issues we face;
exploring what progressives need to do to win back the support of working people.

Joining Professor Mitchell on the platform will be Professor Steve Hall who is an Emeritus Professor of Criminology who has worked at the Universities of Teesside, Northumbria and Durham. He is also co-author of the book published in 2017 ‘The Rise of the Right: English nationalism and the transformation of working-class politics.’
Throughout his career Professor Hall’s main concern has been economic history and its relationship to violence, social unrest and far-right politics. In his presentation, he will explain the current rise of populism throughout the West, and why the MMTmovement should see it as an opportunity to attract the popular support it needs to push past the liberal left’s reluctant, moribund political establishment. He will emphasise the need to develop a communication strategy resting on a cluster of clear and easily comprehensible messages about MMT’s ability to provide or contribute to developing solutions to the major issues which weigh heavily on people’s minds – jobs, housing, infrastructural decay, private debt, crime, terrorism, popular sovereignty and mass immigration.

Tickets available from Eventbrite here

Professor Bill Mitchell and Professor Steve Hall Seminar - Manchester
2020-02-21 13:30 - 16:30 | Barnes Wallis Building (The Harwood Room), Manchester University, Sackville Street,, Manchester, M1 7JA, United Kingdom
At a time of great change and political, social and environmental uncertainty both nationally and globally, it is even more vital to challenge the economic orthodoxy which has informed the political agendas of successive governments both on the right and the left for decades.
The GIMMS team therefore cordially invites you to join us for this MMT seminar in Manchester to explore the potential for developing effective communication strategies to engage the public in a much-needed conversation about modern monetary reality and its connection with the daily lives of working people and their families.
Bill Mitchell is a professor of economics at the University of Newcastle, New South Wales, Australia and one of the founding developers of Modern Monetary Theory. He is is a prolific author and his most recent co-authored academic textbook ‘Macroeconomics’ which was launched last year in London is now in its third reprint.
In his presentation Professor Mitchell will focus on:

challenging the preconceptions which are embedded in the public consciousness and educational and other public institutions about how money works;
giving people the tools with which they can take a more critical approach to the subject of economics;
and show how such an understanding can assist in the development of solutions to the pressing economic, social and ecological issues we face;
exploring what progressives need to do to win back the support of working people.

Joining Professor Mitchell on the platform will be Professor Steve Hall who is an Emeritus Professor of Criminology who has worked at the Universities of Teesside, Northumbria and Durham. He is also co-author of the book published in 2017 ‘The Rise of the Right: English nationalism and the transformation of working-class politics.’
Throughout his career Professor Hall’s main concern has been economic history and its relationship to violence, social unrest and far-right politics. In his presentation, he will explain the current rise of populism throughout the West, and why the MMTmovement should see it as an opportunity to attract the popular support it needs to push past the liberal left’s reluctant, moribund political establishment. He will emphasise the need to develop a communication strategy resting on a cluster of clear and easily comprehensible messages about MMT’s ability to provide or contribute to developing solutions to the major issues which weigh heavily on people’s minds – jobs, housing, infrastructural decay, private debt, crime, terrorism, popular sovereignty and mass immigration.

Tickets available from Eventbrite here

MMTed Masterclass - London
2020-02-22 14:00 - 17:00 | 2 Northdown, 2 Northdown 2 Northdown Street, London, N1 9BG
As part of the MMTed initiative, Professor Bill Mitchell will be holding an MMT Masterclass in London on Saturday, February 22, 2019.
The class will run from 14:00 to 17:00.
The syllabus will be covering basic MMT concepts and the material will be accessible to all. It will be an academic-oriented presentation with the aim of advancing educational goals as a priority.
Tickets are limited so if you want to join Bill then don’t delay, get your tickets today via Eventbrite

The Post-Covid Economy
2020-08-08 18:00 - 19:30 | Online
What could a Post-Covid Economy look like? Join GIMMS and our speaker Philip Armstrong to find out.
Covid-19 pandemic began as a public health crisis with devastating consequences in terms of lives lost but has quickly developed along with the climate crisis into the biggest economic and social challenges facing our country. Over the last few months, the government has spent vast sums to lessen the worst effects of lockdown, by providing financial support to corporations and a furlough scheme to millions of workers in an attempt to stabilise the economy; an attempt to put the economy onto life support while avoiding the worst-case scenario of a deep and protracted recession with its mass unemployment.
But the pandemic has laid bare the consequences of 10 years of cuts to public sector spending, widening wealth and income inequality, combined with extended political uncertainty over Brexit to highlight the real human cost to society of government policies.  For years we have witnessed daily, an NHS and social care system which has been overwhelmed, public services stretched to their limit and local government leaving us unable to respond effectively due to years of cuts to its budgets by central government.
Can we rise to the challenges posed by climate change and the current pandemic? Do we have time to correct our path and save our planet and provide for a more sustainable future?
Politicians, journalists and institutions are claiming that, like a household or firm, the government has maxed out its credit card in an emergency and will need to pay that back by or increasing taxes or making cuts to public expenditure. So, it is ever more vital to be able to confront the economic orthodoxy which has informed the political agendas of governments on the right and left for decades and for policymakers to take a new approach.  If nothing else, this calamity has exposed the lie of austerity and demonstrated quite clearly what is achievable in spending terms for a government with both sovereign currency-issuing powers and the political will to act.
Now is the time to lay bare the false narratives about how governments spend and explore what makes for a balanced economy and a fully functioning society which works for everyone.
GIMMS’ Associate Member Phil Armstrong, author of ‘Can economics make a difference?’ to be published later in the year, will be exposing the sham narrative of how governments spend and how it is paid for and will explore in the context of modern monetary realities how we can move towards a sustainable green economy, provide jobs and essential universal basic services, and tackle poverty and inequality.
Register via Eventbrite
***You will be sent a Zoom meeting link after registering on Eventbrite. Please click the link on the email and sign up for the meeting there***

Phil Armstrong in Conversation with Bill Mitchell
2020-09-27 12:30 - 13:30 | Online
Registration will begin at 12.15 pm for a prompt start at 12.30 pm
GIMMS is delighted to present Phil Armstrong in conversation with Bill Mitchell. We invite you to join us for this informal event which we are sure will be both stimulating and insightful.
Phil is a strong advocate of the need for pluralism in economics and believes MMT provides powerful insights into the way the economy works and how progressive economic policy can be put into practice. In conversations with key thinkers Phil, in his new book, to be published in November, ‘Can Heterodox Economics Make a Difference’ sheds light upon the behaviour of economists and the sociology of the economics profession. He is an Associate Member of GIMMS
Bill Mitchell, Professor of Economics at the University of Newcastle, New South Wales, Australia and a leading proponent of Modern Monetary Theory has written extensively in the fields of macroeconomics, econometrics and public policy including his jointly authored books Reclaiming the State, and recently published university textbook Macroeconomics. Bill is also one of GIMMS’ Advisory Board Members.
Register here

Phil Armstrong in Conversation with Warren Mosler
2020-10-17 17:00 - 18:30 | Online
Registration will begin at 16.45 for a prompt start at 17.00

GIMMS is delighted to present its second ‘in conversation’ event.

GIMMS’ Associate Member Phil Armstrong whose new book will be published in November will be talking to Warren Mosler.
Warren, who is one of the founding proponents of MMT, has dedicated the last 25 years to bringing that knowledge to a wider audience across the world and authored ‘The Seven Deadly Innocent Frauds of Economic Policy’, published in 2010. He also sits on GIMMS’ advisory board.
We invite you to join us for this informal event which we are sure will be both stimulating and insightful.

Register via Eventbrite here

Phil Armstrong in Conversation with Neil Wilson
2020-11-15 14:00 - 15:30 | Online
The GIMMS team is delighted to host its next ‘in conversation’ event at which Phil Armstrong will be talking to Neil Wilson.

Neil is an expert in finance and information systems and one of the UK’s leading thinkers about MMT. After more than 30 years in the systems business, Neil learned the hard way that operations rarely follow the manual. Moving from network crashes to financial crashes, Neil was intrigued as to whether the economy could be fixed with a reboot – which lead him to Modern Monetary Theory (MMT). His work challenges the high-priesthood of Important Grey Men who refer to people as ‘resources’ and who believe debt is bad for government and good for you.

He dreams of a world where everyone who wants a living wage job can find one, close to their home, their friends and family.
You are invited to join us for this informal event which we are sure will be both stimulating and insightful.

Tickets available via Eventbrite

Registration will commence at 1.45 (GMT) for a prompt 2pm start. Tickets are limited. If you cannot attend for any reason let us know.

Phil Armstrong in Conversation with Fadhel Kaboub
2021-01-09 15:00 - 16:30 | Online
GIMMS is delighted to present another in its series ‘In Conversation’.
Phil Armstrong author of ‘Can Heterodox Economics Make a Difference’ published in November 2020 will be talking to Fadhel Kaboub.
Fadhel Kaboub is an associate professor of economics at Denison University, and the president of the Global Institute for Sustainable Prosperity. He has held research affiliations with the Levy Economics Institute, and the John F. Kennedy School of Government at Harvard University. He is an expert on Modern Monetary Theory, the Green New Deal, and the Job Guarantee. His work focuses on public policies to enhance monetary and economic sovereignty in the Global South, build resilience, and promote equitable and sustainable prosperity. You can follow him on Twitter @FadhelKaboub and @GISP_Tweets
We invite you to join us for this informal event which we are sure will be both stimulating and insightful.

Registration will commence at 14.30 pm (GMT) for a prompt start at 15.00 (GMT)

Phil Armstrong in Conversation with Pavlina Tcherneva
2021-01-24 16:00 - 17:30 | Online
GIMMS is delighted to present another in its series ‘In Conversation’.
Phil Armstrong, author of ‘Can Heterodox Economics Make a Difference’ published in November 2020, will be talking to Pavlina Tcherneva.
Pavlina is program director and associate professor of economics at Bard College and a research associate at the Levy Economics Institute. She conducts research in the fields of modern monetary theory and public policy and has collaborated with policymakers from around the world on developing and evaluating various job-creation programmes. Her work on the Job Guarantee spans over 20 years.
Author of the recently published book ‘The Case for a Job Guarantee’, she challenges us to imagine a world where the phantom of unemployment is banished and anyone who seeks decent living-wage work can find it – guaranteed. It will be of particular relevance as we begin to grapple with the economic fall-out of the Covid-19 pandemic but for anyone passionate about social justice and building a fairer economy it should be essential reading.
We invite you to join us for this informal event which we are sure will be both stimulating and insightful.
Registration will commence at 15:30 (GMT) for a prompt start at 16:00 (GMT)

Tickets via Eventbrite

Phil Armstrong in Conversation with Mike Hall
2021-07-03 15:00 - 16:30 | Online
GIMMS is delighted to present another in its series ‘In Conversation.’
GIMMS Associate Member Phil Armstrong will be talking to MMT activist Mike Hall.
Mike is a retired engineer and a liver of life of many parts including as an Industrial Controls Engineer, Windfarm Engineer, General Manager of IT refurb resale small business, Worker Co-op founder and local authority Co-op Development Worker. He studied for a Masters in Business Administration at Cranfield (UK) and has been an MMT activist for 11 years. He is also a grandfather and a lover of Jazz!
Register via Eventbrite

MMT Course: Modern Monetary Theory: Economics for the 21st Century
2022-02-09 - 2022-03-08 | Online
Bill Mitchell’s MMTed invites you to enrol for the edX MOOC – Modern Monetary Theory: Economics for the 21st Century. It’s free and the 4-week course starts on February 9, 2022. Learn about MMT properly with lots of videos, discussion, and more.

About this course

Thinking in a macroeconomic way. What should macroeconomic theory be able to explain? Measurement frameworks.
What is Modern Monetary Theory and what are its implications? Why is it the future of macroeconomics?
The role of fiscal policy. The path to full employment and price stability. Case studies in unemployment and hyperinflation.
Monetary policy design and the role of central banks. How does the banking system operate?
Exchange rate systems and international trade. Global financial markets and the State – who is in charge?
Policy setting in crises: the challenges of climate change and the pandemic.

What you’ll learn

An entry level understanding of the way modern monetary systems operate.
An enhanced understanding of the fiscal and monetary policy options available to governments.
An awareness of why the standard economic statements in the media about government deficits and debt distort our understanding of the actual constraints that government spending faces.
Ways to assess government policy options, for example, in dealing with the pandemic.
An appreciation of the issues involved in balancing demands for growth and environmental constraints.

For more information and to enrol, see https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century

MMT Course: Modern Monetary Theory: Economics for the 21st Century
2022-09-14 - 2022-10-12 | Online
Bill Mitchell’s MMTed invites you to enrol for the edX MOOC – Modern Monetary Theory: Economics for the 21st Century. It’s free and the 4-week course starts on September 14th, 2022. Learn about MMT properly with lots of videos, discussion, and more.

About this course

Thinking in a macroeconomic way. What should macroeconomic theory be able to explain? Measurement frameworks.
What is Modern Monetary Theory and what are its implications? Why is it the future of macroeconomics?
The role of fiscal policy. The path to full employment and price stability. Case studies in unemployment and hyperinflation.
Monetary policy design and the role of central banks. How does the banking system operate?
Exchange rate systems and international trade. Global financial markets and the State – who is in charge?
Policy setting in crises: the challenges of climate change and the pandemic.

What you’ll learn

An entry level understanding of the way modern monetary systems operate.
An enhanced understanding of the fiscal and monetary policy options available to governments.
An awareness of why the standard economic statements in the media about government deficits and debt distort our understanding of the actual constraints that government spending faces.
Ways to assess government policy options, for example, in dealing with the pandemic.
An appreciation of the issues involved in balancing demands for growth and environmental constraints.

For more information and to enrol, see https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century

Phil Armstrong in conversation with Ndongo Sylla
2022-10-01 15:00 - 16:30 | Online
GIMMS is delighted to present another in its series ‘In Conversation.’
Phil Armstrong, Associate Member of GIMMS and author of ‘Can Heterodox Economics Make a Difference published in November 2020 will be talking to Ndongo Sylla.
Dr. Ndongo Samba Sylla is a Senegalese development economist. His research focuses on fair trade, labour markets in developing countries, social movements, democratic theory, economic and monetary sovereignty.He is currently Research and Programme manager at the West Africa office of the Rosa Luxemburg Foundation in Dakar.
Whilst the objective of GIMMS has been to bring an awareness of MMT to a UK audience, the domestic context is just one part of the picture. Given the tectonic shifts in geopolitical power that are currently taking place, we believe that it is even more essential to bring a deeper awareness to western audiences of the challenges faced by countries in the Global South which have their roots in colonial and neo-colonial exploitation by western powers and how they might be resolved using an MMT framework.
Given the challenges we face in addressing the climate crisis and the vast inequalities that have arisen under the current toxic economic system which dominates, it is in the interests of world citizens that nations come together in a spirit of friendship and cooperation to develop solutions to these pressing problems.
We invite you to join us for this informal event which we are sure will be both stimulating and insightful.
Registration will commence at 14.30 (GMT) for a prompt start at 1500 (GMT).
Tickets are available via Eventbrite at https://www.eventbrite.co.uk/e/phil-armstrong-in-conversation-with-ndongo-sylla-tickets-409777444367

Scheduled publication of "Modern Monetary Theory: Key Insights, Leading Thinkers"
2023-01-10
Modern Monetary Theory: Key Insights, Leading Thinkers – Edited by Professor L. Randall Wray and the Gower Initiative for Modern Money Studies is scheduled to be published by Edward Elgar Publishing in January 2023.

Cover design based on an original concept by www.marke.photography with images from Shutterstock
Providing an up-to-date account of Modern Monetary Theory (MMT) with contributions from the world’s leading experts, each chapter offers new insights on the topic, building upon MMT’s established body of work. This innovative book analyses key economic issues from a wide set of regions including the UK, Europe and the Global South, addressing previous concerns that MMT is too US-focused.
Alongside ground-breaking research written by MMT’s original developers and leading academics, the book also includes contributions from economic historians and public policy campaigners, highlighting how MMT contributes to challenging neoliberalism and the hegemony of mainstream macroeconomics. Offering an examination of the existing legal, institutional and policy framework which governs the UK Exchequer in particular, it examines how the central claims of MMT map onto the financial activities of the UK government.
This will be key reading for undergraduate and postgraduate economics students, as well as more advanced scholars of the discipline, particularly for those looking into theories of finance, money and banking. It will also have a wider appeal across the social sciences, including politics and sociology students.

This is a fascinating, eclectic group of professional papers in which the reader may explore both the first principles of Modern Monetary Theory and many institutional and historical details that lend weight to the conceptual framework. This book is a landmark in the development of MMT, a boon for “useful” economists — and a profound challenge to all the others.
– James K. Galbraith, The University of Texas at Austin, US

This book brings together insights from MMT scholars from all over the world, examining the economy of the UK as well as the global economy and providing us with much-needed insights about how to manage our economies.
– Dirk Ehnts, Fachhochschule Magedburrg-Stendal, Germany

This book is a must for academic economists who are interested in understanding how the key macroeconomic institutions operate in a modern monetary economy and the implications for policy design.

– Emeritus Professor Martin Watts, The University of Newcastle, NSW, Australia

Contents:
Preface
Phil Armstrong
Introduction
Sara Holland, Claire Jackson-Prior and Prue Plumridge

How does the government spend? A functional model of the UK Exchequer
Andrew Berkeley, Richard Tye and Neil Wilson
Credit and the Exchequer since the Restoration
Richard Tye
Sovereign nations face resource constraints, not financial constraints
Yeva Nersisyan and L. Randall Wray
A framework for the analysis of the price level and inflation
Warren Mosler
The external economy
William Mitchell
Modern Monetary Theory, the United Kingdom and pound sterling
John T. Harvey
The Eurozone and Brexit
Stuart Medina Miltimore and William Mitchell
Modern Monetary Theory as post-neoliberal economics: the role of methodology-philosophy
Phil Armstrong and Jamie Morgan
Tax as a hygiene factor: setting UK taxation policy using Modern Monetary Theory
Neil Wilson
Checklist of an employment guarantee programme: the Plan Jefes de Hogar from Argentina revisited 20 years later
Daniel Kostzer
Three lessons from government spending and the postpandemic recovery
Pavlina R. Tcherneva
MMT and public policy in the United Kingdom
Deborah Harrington and Jessica Ormerod

Postscript: thoughts on MMT’s insights
L. Randall Wray

For further details, please see the information on the EE website at https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html

Book launch - Modern Monetary Theory: Key Insights, Leading Thinkers
2023-04-20 11:00 - 15:30 | Unite the Union (Diskus Theatre), 128 Theobalds Road, London, WC1X 8TN, United Kingdom
Our long-awaited book Modern Monetary Theory: Key Insights, Leading Thinkers was published at the beginning of 2023. To celebrate the occasion the GIMMS team is proud to present its book launch. As our first real live event since the pandemic, it will not only be an opportunity to hear some of the authors present their chapters but also an occasion to meet up for some interesting discussion about the book, question the authors and perhaps learn something new.
Now, more than ever, the UK MMT movement needs to set its sights on the future and how we can further our objectives to bring monetary reality to a larger audience and influence the influencers.
Our presenters will be Neil Wilson and Richard Tye, Phil Armstrong and Daniel Kostzer.
A light lunch will be provided during the event.
Edward Elgar Publishing will have a number of heavily discounted books to purchase or order on the day.
We look forward to welcoming both newcomers to MMT and old friends on this special occasion.
Tickets are free but we welcome donations to help us fund this event.
Tickets available via Eventbrite

50% off "Modern Monetary Theory: Key Insights, Leading Thinkers" until 6th May!
2023-04-22 08:00 - 2023-05-06 17:00 | Online
Cover design based on an original concept by www.marke.photography with images from Shutterstock
Special discounted offer of 50% off the Elgar Publishing price of the hardback of “Modern Monetary Theory: Key Insights, Leading Thinkers” (plus shipping) valid from Saturday 22nd April until 6th May 2023.
Discount Code: MMT50 (limited to 6 per customer, not valid on eBook format and not for resale).
Order via the Edward Elgar website.

Modern Monetary Theory with Deborah Harrington
2023-11-14 19:00 - 20:30 | Carnegie Library, 192 Herne Hill Road, London, SE24 0AG, United Kingdom
Location – Carnegie Library, 192 Herne Hill Road, London, SE24 0AG.

Come along for what promises to be a lively discussion and a fresh look at the future for public services (our NHS, our schools, our pensions, and yes even our libraries) and how to move beyond that old question which often ends all debate: “How ya gonna pay for it”?
Is it true the government has been on the verge of bankruptcy? Is paying for a green transition more than the government can afford? Is the pensions triple-lock leaving no money for schools and libraries? Do we need billionaires to fund the NHS? If you’re a housing or health campaigner or you just really care about public services, this talk will open your eyes to a new way of understanding ‘how we pay for it’. Don’t miss it!

Deborah Harrington is co-author of the last chapter in the recently published Modern Monetary Theory: Key insights, leading thinkers, which includes chapters by leading MMT economists and activists from the US and the UK. The book is a project of The Gower Initiative for Modern Money Studies.
Deborah is Co-director of Public Matters, an independent research and information partnership focused on public service. She is also an Advisory Board member of The Gower Initiative for Modern Money Studies.
From 2017-2020 Public Matters provided the Secretariat for the All Party Parliamentary Group on Health in All Policies in the House of Commons.
The Gower Initiative is part of a growing international movement which challenges the economic orthodoxy of the last four decades – of austerity. The Initiative was founded by a group of five women with a keen interest in politics and economics from a lay perspective rather than an academic one.
Deborah Harrington’s chapter, co-authored with Jessica Ormerod her co-director at Public Matters, is entitled “Modern Monetary Theory and public policy in the United Kingdom”.

Event Organised by the Friends of Carnegie Library – All welcome

Tickets are Free and available via Eventbrite.
