This was first published as a column in the Independent, on Sunday, 26th August, 2018 On holiday in the in the safe Tory seat of Richmondshire in the Yorkshire Dales this week, we watched as a dedicated sheep farmer demonstrated the skills and athleticism of his working dogs. Five generations of Richard Fawcett’s family have …
The Treasury view and a sheep farmer in the Yorkshire Dales Read More »
This is the original text of an article that appeared, after edits, in the Irish Times on 22nd June, 2018. Economists regard the theory of ‘supply and demand’ as nothing less than a ‘law’ and “and as one of the fundamental principles governing ‘the economy’. Almost every economic event or phenomenon is considered the product …
The Irish Housing Crisis & the Crisis of Economics Read More »
This review first appeared in the Times Literary Supplement on the 10 May, 2018 under the title: Greed is not Good. The subject of growth is popular with economists, not so much with ecologists. It has been much studied and written about – by philosophers, theologians, scientists, environmentalists – as well as economists. John Stuart …
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 …
On Tectonic Plates, the Economic System and the Economics Profession Read More »
On the 15th April, this year, I visited New Zealand at the invitation of the Institute of Directors, to address 600 CEOs at their annual meeting. This is an interview given to the journalist Rob Stock in which he asked about the possibility of another financial crisis. “Ann Pettifor predicted the global financial crisis, and …
Interview with New Zealand’s Biggest Business Website – STUFF Read More »
This is the original, long version of an article I wrote for the Guardian. The published version was edited down, and appeared on 28th January. This version was written on 11th December, 2017. “If some of us grow rich in our sleep, where do we think this wealth is coming from? It doesn’t materialise out …
Together with Jeremy Smith of Policy Research in Macroeconomics (PRIME), I wrote this for the website UnHerd.com, edited by Tim Montgomerie. The site’s aim is “to appeal to people who instinctively refuse to follow the herd and also want to investigate ‘unheard’ ideas, individuals and communities.” The piece begins with this quote from Alice Walker: …
I wrote a piece for the Saturday (26 January 2018) Guardian. Its been described by many as “counter-intuitive” – because in it I draw on the research of others (notably that of Ian Mulheirn – director of consulting at Oxford Economics) to argue that building more houses will not dampen house prices. I posed this …
Why Building More Houses Will Not Solve the housing Crisis Read More »
On Wednesday 29 November 2017, PRIME’s director, Ann Pettifor, gave evidence at the Committee’s invitation to the UK Parliament’s Treasury Select Committee, together with Professor Jagjit Chadha, Director, National Institute of Economic and Social Research and Paul Johnson, Director, Institute for Fiscal Studies. A verbatim report of the discussion can be found on the Select Committee’s …
This week I appeared on Newsnight with Gillian Tett of the FT and Louise Cooper of BGC Partners. We discussed our graphs of 2011 (see mine below) and wider questions around the global financial crisis this year – and how ecnomists and policy makers need to respond. Watch the show on iPlayer for the next …
Newsnight – economists discuss the ‘graphs of 2011’ Read More »
