Ann Pettifor

Austerity

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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