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
MMT is a description of the monetary system. It is not something you can “switch to”, “implement”, or “use”. It merely describes what already is. The description, once understood, implies …
Money for bombs, but not for people? Read More“We could be collaborating with each other and with our ecosystem to create a beautiful, awesome, healthy world. Instead, we’re all competing with each other working meaningless jobs creating pieces …
What do we want from an economic recovery? Read More“Do we want to be a society that is supportive, that is inclusive and compassionate, where it is acknowledged that not all can prosper, where those who are most vulnerable, …
If there is one thing the last year has taught us it is that the Government is never short of money Read MoreToo large a proportion of recent “mathematical” economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities …
The Budget should be about building a just society, not balancing the books. Read More“The same rule of self-destructive financial calculation governs every walk of life. We destroy the beauty of the countryside because the unappropriated splendors of nature have no economic value. We …
Recovery Bonds – The very opposite of what is needed. Read MoreThe difficulty lies not so much in developing new ideas but escaping from old ones. John Maynard Keynes This week we begin our MMT Lens with a subject which, …
The “Market” is no solution for the NHS – or for any public service. 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 More“Do you truly believe that life is fair, Senor de la Vega? -No, maestro, but I plan to do everything in my power to make it so.” ― Isabel Allende, Zorro There …
Equity via democracy, not philanthropy Read More“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too …
The need is to fix the system, not just to provide ‘sticking plasters’ Read More‘We live in capitalism. Its power seems inescapable. So did the divine right of kings.’ Ursula K Le Guin The year 2020 will be not be remembered with any great …
The Covid-19 pandemic shows the need for change. For a real ‘Reset’. Read More