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 Neil Wilson. Reposted with permission from Neil’s New Wayland article. The strike action by UK junior doctors has an unreal quality. It lacks the media and political actions …
Junior Doctors: your 35% payrise is already in place. Demand that it be paid Read More[The] method to the madness is the fact that we do need austerity to enforce a certain organisation of society which is a classist organisation based on wage labor and …
It is not the NHS that is failing us, it is the government Read More“Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage to move in the opposite direction.” …
The needs of people must prevail over myths of a duty to balance the books 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 MoreA country ruled by criminals needs two revolutions, one small and one big: The small revolution is to overthrow the criminal government, the big revolution is to radically undo the …
The National Insurance increase shows that levelling up has been consigned to the Conservative bonfire of easy promises 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 …
Concentrate on real resources to solve real problems, instead of the financial cost. Read MoreMMT 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“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 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