Ann Pettifor

Austerity

Build back better? Rebalancing the global economy

My book reviews of WHAT WE OWE EACH OTHER by Minouche Shafik, GO BIG by Ed Milliband and RESCUE by Ian Goldin, were published by the Times Literary Supplement on 10 September, 2021.  In the preface to What We Owe Each Other, Minouche Shafik quotes the opening line of W. B. Yeats’s famous poem, “The […]

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Remembering John Weeks

Late last month, pioneering socialist economist John Weeks passed away. Ann Pettifor remembers her colleague and friend – and his contributions to left-wing politics. This piece first appeared in Tribune magazine on 08 August, 2020. Please note correction at the end of this piece. John Weeks, brilliant Left economist and public intellectual, would have been

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Top economists warn against post Covid-19 austerity.

This brief piece by Ann Pettifor appeared in the New Statesman on 4 May, 2020. Top economists warn the UK not to repeat austerity after the Covid-19 crisis. Mariana Mazzucato, Robert Skidelsky, Ann Pettifor, David Blanchflower and others on why the UK must not impose spending cuts in response to higher debt. It is clear

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A brief history of Tory economic incompetence

The following was published by the Fabian Society on 8 March, 2019. On the 4thMarch, 2019 the New York Times published The Curious Case of  ‘Failing Grayling’– the Conservative government’s Transport Minister. Soon it issued an embarrassing retraction: “Because of an editing error ..this article misstated the amount that ..Chris Grayling’s misadventures had cost British taxpayers. It

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On Tectonic Plates, the Economic System and the Economics Profession

This article was first published on the PRIME website: On Tectonic Plates.. It is my view that the greatest weakness of economics is the habit of drawing, or encouraging politicians to draw, macroeconomic conclusions from microeconomic reasoning (“the government budget, like a household budget, must balance”). This weakness is endemic within the profession. It is

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George Osborne, Hubris and Nemesis

This piece appeared in the London Observer on Sunday, 4th March, 2018 By asserting the policy of “monetary radicalism and fiscal conservatism”, Osborne and his colleagues ensured that those responsible for the crisis benefited from the Bank of England’s quantitative easing programme, which inflated asset prices largely owned by the more affluent. Simultaneously, the Conservative

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An Open Letter to Jeremy Corbyn re UK, Europe & the Green New Deal

June 10, 2017 This article is co-authored by Ann Pettifor and Jeremy Smith, and was first published on the Policy Research in Macroeconomics (PRIME) website After an exhausting and successful national campaign, it is hard for campaign strategists to think of next steps. But we are at a critical historical juncture, and a range of

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