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
By 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 MoreBy Ellis Winningham Oftentimes, we advise people to limit the use of the word “money” when discussing MMT concepts. Although the word is incredibly common, the term is actually …
An overview of the UK monetary system Read MoreThis post documents a 2020 paper (updated in 2021) called An Accounting Model of the UK Exchequer, and my seven-part series of interviews with all three co-authors: Richard Tye, …
An Accounting Model of the UK Exchequer (the paper, and author interviews) Read MoreBy Stuart Medina Miltimore. Extract from a long interview with Warren Mosler held in Mallorca on October 14, 2021. Originally published by Red MMT in both English and Spanish Inflation …
Rendezvous in Mallorca: a conversation with Warren Mosler Read MoreBy Eduardo Garzón, economist. Originally published on 22 March 2019 in Spanish here. Translation by Carlos García Hernández A few days ago, the Marxist economist Michael Roberts, taking the opportunity …
Reply to Michael Roberts on Macro modelling MMT Read More“The objective should be to organize the economy around human needs and well-being. If toward this end we decommodify key goods and services, or legislate longer product lifespans, use-value will …
Another week of handbag economics Read MoreBeing a planetary citizen does not need space travel. It means being conscious that we are part of the universe and of the earth. The most fundamental law is to …
A broken system – where does the buck stop? Read MoreBy Carlos García Hernández (originally published in Spanish in El Común ) “(a) the monopolistic political power of the Chinese Communist Party (CCP) must not be challenged; (b) within the …
A Chinese socialist consensus Read More“The kind of transformation that is now required [to address the climate crisis] will happen only if it is treated as a civilizational mission, in our country and in every …
The G7 jolly – a symbol of everything that is wrong with the global economic system. Read More“The purpose of government is to ensure that everyone has what they need to live a good life. That means giving every child the very best start in life, caring …
Inflation is not what we should be worried about right now Read More