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
Phil Armstrong Published online 17th September 2025 A Modern Monetary Theorist’s Response to ‘Weaknesses of MMT as a guide to development policy’, Aboobaker and Ugurlu (2023). Abstract In their article, …
A Modern Monetary Theorist’s Response to ‘Weaknesses of MMT as a guide to development policy’, Aboobaker and Ugurlu (2023). Read MoreBy Carlos García Hernández Originally published in Spanish on 1/7/23. Definition of a State: a territory with fixed borders under a central authority with the capacity to …
A practical exercise for the reconstruction of the Left Read MoreCatherine Armstrong [1], The University of York, 2023 Introduction The Universal Basic Income (UBI) guarantees every adult an income. The Job Guarantee (JG) provides employment to everyone willing and …
Should we favour a Job Guarantee over a Universal Basic Income as a means of achieving a more socially just society? Read MoreBy Carlos García Hernández Originally published in Spanish in El Común on 13th May 2022 Between May 2nd and 5th, 2022, I had the opportunity to join economist Warren …
Journey to the heart of Argentina Read More“I suppose there hasn’t been a single month since the war, in any trade you care to name, in which there weren’t more men than jobs. It’s brought a peculiar, …
More than tinkering around the edges is needed to bring about a better world Read More“OK…SO WHERE DOES THE FUNDING COME FROM?” It depends on what we are talking about. If we are talking about universal health care, a Job Guarantee, infrastructure work, etc., the …
Have we had enough of market-led dogma yet? Read More“The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results applies only to them. The many …
Build Back Better? Better for whom? Read MoreThree common neoliberal threads run through this week’s news: How will the enormous sums of money borrowed by the government to hold up the Covid-19 ailing economy be paid for? …
What sort of future do you want for yourself and your children? If it’s not more of the same, then it’s time for some radical thinking. Read MoreWhy do we need a Green New Deal? The problem… The planet is facing a growing ecological and social crisis which stems from the structure of capitalist economies built …
The Green New Deal 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