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
Society is indeed a contract. It is a partnership … not only between those who are living, but those who are dead and those who are to be born. Edmund …
The deceitful image of money scarcity has no place in our society. Read MorePhil Armstrong and Warren Mosler Published online November 2020 Full Article Abstract The hyperinflation in Weimar Germany in 1922-23 has become the poster child of mainstream economists – and especially …
Weimar Republic Hyperinflation through a Modern Monetary Theory Lens Read MoreWhat is Quantitative Easing? Quantitative Easing (or QE as it is more widely known) is a type of monetary policy, used by the Bank of England to purchase financial products, …
Quantitative Easing Read MoreWe would like to share an article by GIMMS associate Alan Hutchison. This article was posted on his excellent website Matches in the Dark here. I use this as supporting …
We pay for it by spending the money Read MoreWarren Mosler Published online 4th July 2020. Updated 3rd November 2024. Full Document Introduction The purpose of this white paper is to publicly present the fundamentals of …
White Paper: Modern Monetary Theory (MMT) 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 MoreIn 2010 the newly elected Conservative government, using smoke and mirrors, turned what was a private debt crisis caused by global reckless greed and speculation by financial markets into a …
The government’s spending promises have shown the need for austerity is a lie and a sham. It’s time to hold the government to account for its political decisions, not its fiscal prudence or otherwise. 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 More