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 10th April 2026. Updated 3rd May 2026. Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis Abstract Modern Monetary Theory (MMT)’s …
Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis Read MoreBy Robert Cauneau First published on the MMT France website 5 October 2025 Introduction What if everything we thought we knew about government financing was wrong? Modern Monetary Theory (MMT) …
MMT: Towards a new social contract? Read MorePhil 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 MoreHere we are again, at the beginning of yet another year. Let’s hope it is an improvement on the last. The highlights of this past year have been two events …
The Gower Intitiative for Modern Money Studies newsletter – January 2025 Read MoreDetails have updated. Make sure to look at the Conference Page for the latest information. The University of Leeds July 15-17, 2024 CALL FOR PAPERS (Submissions Deadline: Friday March 1, …
Inaugural UK Modern Monetary Theory Conference 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 MoreKnowing can be a curse on a person’s life. I’d traded in a pack of lies for a pack of truth, and I didn’t know which one was heavier. Which …
Keynes’ wisdom still stands; “Anything we can actually do we can afford.” Read More“When people live in a fair, caring society, where everyone has equal access to social goods, they don’t have to spend their time worrying about how to cover their basic …
Collapsing services and neglected people in a disintegrating society that could be thriving Read MorePhil Armstrong ‘It’s the same each time with progress, First, they ignore you, Then they say you’re mad, Then Dangerous, And then there’s a pause, And then you can’t …
‘Tombstone for a Tombstone’: Dealing with the ‘bad science’ behind mainstream criticism of MMT Read MoreA new book from Edward Elgar Publishing in association with GIMMS. The Gower Initiative for Modern Money Studies is pleased to announce that its book “Modern Monetary Theory: Key Insights, …
Modern Monetary Theory: Key Insights, Leading Thinkers Read More