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
“Ultimately austerity has failed because it is unsupported by sound logic or data. It is an economic ideology. It stems from the belief that small government and free markets are …
The austerity prescription was not an experiment; it did not fail for the rich. Time for a rethink. Time for an economic revolution. Read MoreThe GIMMS team have been away and had a very busy two weeks travelling between Brighton, London, Manchester, Leeds and Newport for a variety of events. All in all, it …
We need to relearn the art of adequate spending for public purpose Read MoreEach week, GIMMS aims to keep its readers abreast of the latest stories in the news and they form the basis of our weekly MMT Lens. Each week we search …
Change is coming. Keep calm and keep on PUSHing Read MoreThe French have a saying “plus ça change, plus c’est la même chose.” With the events of the last few days, one might consider that nothing had changed; the Tories …
The barbarians may be inside the gates, but we can still defeat them Read More“Our human compassion binds us the one to the other – not in pity or patronizingly, but as human beings who have learnt how to turn our common suffering into …
The question is not how we will pay for it but what sort of society do we want to create? Read MoreLast week the House of Lords Committee on intergenerational fairness said that it was time to rebalance government policies to favour young people, or risk further shattering of the ‘social …
Repeat after us…there is no social care funding gap and no tax burden on future generations Read MoreGIMMS would like to welcome Jessica Ormerod and Deborah Harrington as its guest bloggers this week for the MMT Lens. Jessica and Deborah, who were recently appointed to the GIMMS …
The global fight for genuinely universal healthcare is a fight we can’t afford to lose Read MoreFuad Alakbarov (Azerbaijani-Scottish human rights activist, political commentator and humanitarian.) In the week before Christmas, the Secretary of State for housing claimed that the sky rocketing levels of homelessness …
“Austerity is theft, the greatest transfer of wealth from poor to the rich since the enclosures.” Read MoreToday’s blog comes just before the weekend commemorating 100 years since the end of the First World War, the ‘war to end war’. When it started people thought it would …
A weekend of quiet reflection Read MoreModern Monetary Theory (MMT) was independently developed by Warren Mosler and introduced to the wider world when Warren published, ‘Soft Currency Economics’ in 1993 and then introduced to the academic …
Origins of Modern Monetary Theory Read More