Phil Armstrong in Conversation with Fadhel Kaboub
2021-01-09 15:00 - 16:30 (Europe/London) | 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.

Bill Mitchell in London
2024-01-26 13:00 - 17:00 | Unite the Union (Diskus Theatre), 128 Theobalds Road, London, WC1X 8TN, United Kingdom
GIMMS is delighted to host its first event of 2024 with Professor Bill Mitchell.
In Professor Mitchell’s words:
There has been a major policy experiment conducted in the last few years which seems to have escaped the attention of the media and commentators. It is very rare that we have the chance to compare two diametrically opposed approaches to a global problem that has impacted on all nations. But since 2021, most central banks have significantly increased interest rates to, in their view, combat the inflationary pressures that emerged. These nations have also tightened fiscal policy to, allegedly, ‘support’ the anti-inflationary stance of their central banks. Japan, in contradistinction has held interest rates constant while also increasing their fiscal policy stimulus to help households and firms deal with the rising cost-of-living pressures.
The nations that implemented contractionary policies not only misunderstood the nature of the inflationary pressures, but also demonstrated the poverty of the mainstream policy approach.
In this talk, I discuss the reasons the mainstream approach failed and why it is unfit for purpose.
NOTE: We would ask that people assemble from 13.00 onwards for a prompt 13.30 start to make the most of this important opportunity. Coffee and cake will be available in the break which will be followed by a Q&A session.rates
Bill asks that you wear masks at the event to protect yourself and those around you.
Tickets available via Eventbrite
