Ann Pettifor

Economic Orthodoxy

Crisis? What crisis?

Apropos the last post: we dissidents are not alone. Have belatedly come across David Malone’s  excellent post (written earlier but somehow missed by me) on the same theme –  the airbrushing of the financial crisis from all political discourse. David goes further and highlights the implications for democracy and the rule of law.  I hope …

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Is George Osborne a radical Chancellor? – far from it

I was on Newsnight last week, to comment on the Budget. (You can watch it with the BBC’s iPlayer..our slot is about 35 minutes into the show.) Newsnight’s Jeremy Paxman posed a question to the panel, which included Lord Lamont, ex-Chancellor, and Irwin Steltzer. He asked: is George Osborne a radical Chancellor?” Radical, according to the dictionary definition …

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If Japan Can Address Her Crises, Then the U.S. Can Address Job and Energy Insecurity

Posted on the Huffington Post today: The disaster in Japan is almost beyond comprehension. Without minimizing the scale of the humanitarian tragedy, it is already possible to discern the emerging economic debate. Stock markets immediately anticipated the potential benefits to Japan’s construction industries and their suppliers. Policy makers in the U.K. and Europe, who are …

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Bankers must be made to serve the economy…..

21 February, 2010 Once again apologies for a longish absence. This is down in part, to smashing (literally) building works, to a little grandchild-minding, and to other writing commitments. But have been itching to comment on a) Greece and the EU b) Iceland (it seems the UK is easing up on the pressure); c) the …

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Why I want to be a Labour candidate

17th January, 2009. This was posted on the Compass site on the 16th January. I am shortlisted for the North West Durham Parliamentary Selection. A less likely candidate you would be hard pressed to find. I am not a local big wig and did not grow up in the constituency. I don’t have the backing …

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York Minster EBOR lecture

12th December 2009 At the end of last month I delivered the prestigious EBOR lecture at York. My address was entitled: “Credit, usury and political power: chasing the moneylenders from the temple that is our democracy” Click on the link below to read a PDF version of the full lecture: EBOR Lecture November 25th (PDF)

Cuts could increase the deficit

6th December, 2009 The Observer asked a small group of people to comment in advance of next Wednesday’s Pre-Budget Report. This from yours truly: “Public debt will rise higher if government slashes spending, and recovery will elude us. Unemployment has high costs, but productive government spending, unlike private spending, pays for itself by creating jobs …

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The Bank of England has lost control

7th November 2008 Yesterday’s dramatic Bank of England 1.5% rate cut was an extraordinary admission of analytical failure. The Monetary Policy Committee of orthodox economists (with Danny Blanchflower the honourable exception) is well behind the curve. While it is tiresome to beat one’s own drum, I am obliged to point out that on the 12th …

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