Ann Pettifor

International Financial System

How the sexist ‘Nobel Prize’ in economics has warped the world

The following hastily written piece appeared in Left Foot Forward on 25th September, 2019. The Nobel Memorial Prize in Economics will be 50 years old next month. One thing unites all its winners, bar one: they have all been male. This is not just an affront to equality. In overlooking brilliant female economists, the Swedish …

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The Latent Unused Power of Citizens & The Production of Public Collateral

The following is a very long, but I hope worthwhile read…published by the Trans National Institute’s stunningly well produced Report State of Power, 2019: Finance –   in January, 2019, and edited by Nick Buxton. Until we fully grasp the importance of public debt to the finance sector, immensely wealthy, globalised corporations will continue to parasitically …

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Of bollygarchs, gombeens & spivs: welcome to the world of financial corruption

These reviews of books on financial corruption appeared in the Times Literary Supplement on 13 November, 2018. Ten years ago, just after the collapse of Lehman’s and as the Great Financial Crisis intensified, I complained in the Guardian about the globally coordinated 0.5% cut in interest rates by central bankers. It was too little too …

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The BBC’s Cassandras of the Crash

  On Wednesday, 19th September and again on 22nd September, the BBC broadcast an interview in which I participated. It was called Cassandras of the Crash. The programme is available on the BBC’s Radio 4 website, with the following introduction. “Ten years ago, in autumn 2008, the world watched as the biggest financial meltdown in …

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The Indefatigable Efforts of J. M. Keynes

This is an extract from an article written for The Times Literary Supplement                 The international and financial dimensions of Keynes’ work are today neglected in favour of the laissez-faire economics that Keynes had so vigorously contested. His profession is dominated by economists concerned overwhelmingly with the activities of individuals, …

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The Great Honour that is the Heinrich Boll Stiftung’s Hannah Arendt Prize

On 19th July, 2018, I was stunned and honoured to receive the following from Professor Antonia Grunenberg of the Heinrich Boll Foundation, Bremen, Germany.  Berlin, July 19, 2018 Dear Mrs. Pettifor, it is my great pleasure to inform you in behalf of the international jury of  the „Hannah Arendt Prize for Political Thinking“ that you …

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2018 Economic Forecast for the FT: Will the UK Economy Grow?

PRIME (Policy Research in Macroeconomics) economists were asked by the FT “How fast do you think the UK economy will grow in 2018 and how will this compare to other countries?” (See here: https://www.ft.com/content/ceb165ee-ebb5-11e7-bd17-521324c81e23) We replied as follows: The end of 2017 witnessed, in our view, the top of the global asset bubble. Rupert Murdoch’s decision to …

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Take Back Control of the Palace

In this piece, written for International Politics and Society, I argue that  the global investigation into the “Paradise Papers’ has created an opportune moment for wider debate about how the increasingly corrupt and out-of-control global financial system can be tamed. It is time, I argued, that tax-paying citizens recognised their power to create change, and to manage …

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