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
“Let’s face it, the universe is messy. It is nonlinear, turbulent, and chaotic. It is dynamic. It spends its time in transient behavior on its way to somewhere else, not …
The empire of lies (and its consequences) Read More‘Growth is one of the stupidest purposes ever invented by any culture. We’ve got to have an ‘enough’. Always ask growth of what, and why, and for whom, and who …
Humanity sits at a crossroads as politicians re-sell the politics of public austerity Read More“Never forget that the economy is a wholly owned subsidiary of nature”. Global Boiling – Kate Mackenzie and Tim Sahay Many of us have grown up with the story of …
Economic delusions cannot save us from the climate crisis and societal decay 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 MoreMMT strips way the veil of neo-liberal ideology that mainstream macroeconomists use to restrict government spending. We learn that these constraints are purely voluntary and have no intrinsic status. This …
While opposing political parties play the fiscal credibility game, people get hurt. 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 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“The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It …
Here we go for another round of Conservative musical chairs! But outside the circus, life remains bleak. Read MoreThe ‘government as household’ myth is directly responsible for neoliberal governments getting away with treating the welfare of citizens (those they are meant to represent) as non-essential discretionary spending. As …
Party conferences dish up pie-based economics Read More