Markets react rationally to austerity The piece below was posted on the “Left Foot Forward” website on Monday, 8th August, 2011 “It is important that we understand the events of last week not as a new outbreak of crisis, but as a continuation of the banking crisis that first came to the public’s attention in […]
Political leaders – Stand up to the bankers, you have only your chains to lose Read More »
RBS chief executive Stephen Hester Source: Getty Images Dear readers…This is my blog posted on the New Statesman website today, 7 August, 2011 – with one minor correction in the fourth sentence. “Let’s get one thing clear: this is not a crisis of, or for governments. This is first and foremost a banking crisis. EU governments
This is a crisis of, and for bankers, not Eurozone governments or taxpayers. Read More »
Tonight, Wednesday 3 August 2011 at 08.00pm BST (GMT +1), BBC Radio 4 will broadcast a debate which took place at the London School of Economics (LSE) on 26 July. This broadcast will be repeated on Saturday, 6 August, at 10.15 p.m BST (GMT +1). Along with my colleagues Prof. Victoria Chick and Douglas Coe at PRIME we have written the
Last month I gave a ‘Green Talk‘ in Bristol, organised by Climate Works. It was wonderful to be, first of all at such a professionally and well organised event (congrats to Mark Letcher and his team). It was also fantastic to be amongst such an interesting array of speakers including John Gapper ‘the secret gardener’
Financing the Green Transition – why we can afford it Read More »
This morning I joined the Guardian’s panel of Martin Kettle, Len McCluskey and Matthew Oakley to give our verdict on today’s GDP numbers: Ann Pettifor: “The Chancellor must eat humble pie” The statisticians, clutching at straws, blamed the victims – the British people – for the measly 0.2% growth in GDP. It turns out we are too fond of holidaying
Aviva has brought together a collection of prominent thinkers to provoke renewed debate and fresh ideas about future prosperity and creating a culture of sustainable savings. The group, names the ‘Future Prosperity Panel‘, published their report ‘Big picture thinking – Towards sustainable savings’. My article is called ‘Savings and the alchemy of credit’ and is published
Savings and the alchemy of credit – my article for Aviva Read More »
Last month I was invited to join the ‘Labour Party Policy Review: Making growth work for the poor and generating resources for development’. The overall group was led by Harriet Harman, and the development section was chaired by Rushnara Ali MP. Below is my short background note on mobility of capital flows, financial crises &
Capital flows, financial crises & implications for poor countries Read More »
This is a revised version of a blog written hastily – too hastily – for Left Foot Forward on 8 July. In particular it corrects a point about the origins of the Keynesian multiplier. The austerity brigade is rattled. Daniel Knowles at the Daily Telegraph is so worried, he has had to rise to the
Clinton spots it: the austere emperor has no clothes. Read More »
The austerity brigade is rattled. Young Daniel Knowles over at the Daily Telegraph is so worried, he has had to rise to the defence of the Treasury and Office for Budget Responsibility – and then resorts to proposing Greece’s economic strategy for the UK. Why? Because orthodox economic ideology has been challenged by none other than Daniel’s
Knowles needs to listen more carefully to ‘hero’ Clinton on deficit reduction Read More »
It’s a gorgeous day here in Oxford…had a little wander yesterday during the lunch-break, and came across clusters of worried-looking students wearing a strange garment which flapped – like a short gown – sporting white, pink and red carnations. So I asked them why? It turns out that on the first day of exam writing,
