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
This week the Learning and Work Institute published its July briefing on employment. Stephen Evans, its chief executive, made it clear that there were signs of an employment crisis ahead …
“Either you guarantee employment, or you guarantee there will be unemployment.” – Pavlina Tcherneva Read MoreAround the world, people are responding to changing economic, social and environmental pressures and discussions are often centred around how best to meet the needs of citizens and reduce high …
Universal Basic Income or a Job Guarantee? Read More“The difficulty lies not so much in developing new ideas as in escaping the old ones.” ― John Maynard Keynes When the world is facing one of the worst public health …
We need a government that dares to think big and be more ambitious in its strategy to set our economy on a more sustainable and equitable pathway. Read MoreWarren Mosler Published online 4th July 2020 Full Document Introduction The purpose of this white paper is to publicly present the fundamentals of MMT. What is MMT? …
White Paper: Modern Monetary Theory (MMT) Read More“There’s something invigorating about people freaking out about modern monetary theory (MMT). They treat MMT as akin to the Ark of the Covenant in the first Indiana Jones movie. They …
‘What if the Public (really) Understood How Money Works?’ Just think what we could achieve! Read MoreJust a brief look at the news headlines in the last few weeks should be enough to set the alarm bells ringing. We are watching as the nation suffers a …
To rephrase Mahatma Gandhi ‘The future will depend on what we do today.’ Read More‘Our economic and social prospects in the coming decade depend on today’s policies. The recovery will not gain steam without more confidence which will not recover without global cooperation. Governments …
Nothing is written in stone. There is an alternative. Let’s make this the era of people power; we can do this! Read More‘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