Ann Pettifor

Economic Orthodoxy

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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A debt spiral we could have avoided

24th October, 2008 The NS has published a short piece this week: “Economists simply would not accept that their model could fail“.  An introductory sentence is not mine: “Who would have predicted..that prudent Gordon Brown (would)  breach the EU cap on government spending?” Am writing to the NS to ask for a correction to be …

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Central Bankers Add to the Economic Malaise…

22nd October, 2008. I am dictating this piece down the phone from Budapest in Hungary where I have just arrived to deliver a lecture to the Ybl Club. My hosts were in a state of shock on arrival because the central bank of Hungary has just raised interest rates from 8.5% to 11.5%…