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
‘To talk about the future is only useful if it leads to action now.’ E F Schumacher: Small is beautiful: Economics as if people mattered. The Bank of England in …
To talk about the future is only useful if it leads to action now 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 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 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 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‘We don’t think a sustainable society needs to be stagnant, boring, uniform or rigid. It need not be, and probably could not be centrally controlled or authoritarian. It could be …
It’s time to start walking the talk to solve the big issues of our time – from climate change to social inequality. Read More