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 Eduardo Garzón, economist. Originally published on 22 March 2019 in Spanish here. Translation by Carlos García Hernández A few days ago, the Marxist economist Michael Roberts, taking the opportunity …
Reply to Michael Roberts on Macro modelling MMT Read MoreThe ultimate, hidden truth of the world, is that it is something that we make, and could just as easily make differently.” David Graeber After two weeks of party …
Conference speeches reveal the misery to come Read MoreBeing a planetary citizen does not need space travel. It means being conscious that we are part of the universe and of the earth. The most fundamental law is to …
A broken system – where does the buck stop? Read MoreA country ruled by criminals needs two revolutions, one small and one big: The small revolution is to overthrow the criminal government, the big revolution is to radically undo the …
The National Insurance increase shows that levelling up has been consigned to the Conservative bonfire of easy promises Read More“Last time, most of us fell for it. This time, it is critical that we do not. Because, in reality, the crisis we just experienced was waking from a dream, …
Fairy tales and the vocabulary of scarcity. Protecting the wealthy and hurting the rest Read MoreThe “economy” is ultimately our material relationship with each other and with the rest of the living world. As today’s IPCC report settles in, we have to decide whether we …
The golden era of greenwashing Read More“The political class in Westminster have failed us. They inoculate themselves against the pain that we suffer. We will not forgive them, and no, we will not be patient with …
Politicians and the media coax the public to accept a new period of austerity Read More“If every politician asks the ridiculous question ‘how will you pay for that’ when it comes to full employment, universal healthcare, infrastructure modernisation, tuition-free university and sustainable energy, but no …
Reducing government spending now would be calamitous for the wellbeing of people Read More“The kind of transformation that is now required [to address the climate crisis] will happen only if it is treated as a civilizational mission, in our country and in every …
The G7 jolly – a symbol of everything that is wrong with the global economic system. Read More“The purpose of government is to ensure that everyone has what they need to live a good life. That means giving every child the very best start in life, caring …
Inflation is not what we should be worried about right now Read More