Ann Pettifor

Menu

Ann Pettifor

Political economist, author and public speaker

Twitter Linkedin
Menu

Keynes

Balance of Power: The Economic Consequences of the Peace at 100

October 4, 2019 / Anglo-American Financial Crisis, Banking Crisis, Book Reviews, Financial Crisis, Keynes

My review of John Maynard Keynes’s The Economic Consequences of the Peace  Macmillan (2019) appeared in Nature – the International Journal of Science – on 23 September, 2019. “Ann Pettifor finds astonishing contemporary resonance in John Maynard Keynes’s critique of globalization and inequity.” In December 1919, John Maynard Keynes published a blistering attack on the …

Balance of Power: The Economic Consequences of the Peace at 100 Read More »

2007-9: Central bank coordination saved the finance sector, but not the world.

September 18, 2019 / Anglo-American Financial Crisis, Bank of England, Banking Crisis, Economic Consequences of Mr Osbourne, Keynes, Uncategorized

12 November, 2018 This year is the 150th anniversary of the TUC, and the 70th anniversary of the Trade Union Advisory Committee to the OECD. As part of the celebration of these achievements, the TUC’s Economics and Social Affairs department organised an event “Lessons from the Great Financial Crisis” – on 12th November, 2018 – …

2007-9: Central bank coordination saved the finance sector, but not the world. Read More »

The Indefatigable Efforts of J. M. Keynes

October 21, 2018 / Capital Flows, Economic Orthodoxy, International Financial System, Keynes, Uncategorized

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, …

The Indefatigable Efforts of J. M. Keynes Read More »

From Prospect Magazine: There Can Never Be A Market in Money

October 21, 2018 / British Banking, Central Banks, Credit, Credit Creation, Keynes

Prospect magazine’s April 14, 2018 edition ignited a debate between orthodox and heterodox economists. It also included a page titled:   In my contribution I tried to explain the nature of money. Not sure I succeeded. Anyway, here it is: “Unlike the prices of bitcoins or gold, the price of money is not determined by …

From Prospect Magazine: There Can Never Be A Market in Money Read More »

The age of liberal finance over. The left’s Plan B?

September 29, 2011 / Anglo-American Financial Crisis, Capital Flows, ECB, Economic Orthodoxy, Euroland, Globalisation, International Financial Architecture, Keynes, Plan B, Uncategorized, Unemployment

By Ann Pettifor. An edited version of this piece was published on Left Foot Forward, 14 September, 2011. This original, longer version posted 19 September, 2011.  The game is up. The 2007-9 private banking crisis that started with the unpayable debts of the US sub-prime sector, was never over. The crisis has now moved on …

The age of liberal finance over. The left’s Plan B? Read More »

What a financial tailspin may mean for you and me

August 22, 2011 / Anglo-American Financial Crisis, Bank of England, Banking Crisis, Bretton Woods, British Banking, Central Banks, Consumer Debt, Credit, Debt, Democracy, Financial Crisis, Foreclosure, Interest Rates, Keynes, Mortgages

Wall Street plummeted as concerns over European debt and the US economic downturn spurred a broad sell-off. Photograph: Shen Hong/Xinhua Press/Corbis Read my article from Guardian Cif, Friday 19th August: As bank shares and stock markets plummet, and investors flock to the safety of government bonds; as obstinate EU leaders crucify their countries in a …

What a financial tailspin may mean for you and me Read More »

Eight fallacies in the LSE Keynes/Hayek debate

August 3, 2011 / Anglo-American Financial Crisis, Bank of England, Banking Crisis, Central Banks, Consumer Debt, Debt, Inflation, Interest Rates, Keynes, Money, UK Financial Crisis, Unemployment, US Financial Crisis

Tonight, Wednesday 3 August 2011 at 08.00pm BST (GMT +1), BBC Radio 4 will broadcast a debate which took place at the London School of Economics (LSE) on 26 July.  This broadcast will be repeated on Saturday, 6 August, at 10.15 p.m BST (GMT +1). Along with my colleagues Prof. Victoria Chick and Douglas Coe at PRIME  we have written the …

Eight fallacies in the LSE Keynes/Hayek debate Read More »

Savings and the alchemy of credit – my article for Aviva

September 20, 2011 / Banking Crisis, British Banking, Credit, Credit Creation, Debt, Financial Crisis, Interest Rates, International Financial System, Keynes, Money

Aviva has brought together a collection of prominent thinkers to provoke renewed debate and fresh ideas about future prosperity and creating a culture of sustainable savings. The group, names the ‘Future Prosperity Panel‘, published their report ‘Big picture thinking – Towards sustainable savings’. My article is called ‘Savings and the alchemy of credit’ and is published …

Savings and the alchemy of credit – my article for Aviva Read More »

Knowles needs to listen more carefully to ‘hero’ Clinton on deficit reduction

July 15, 2011 / Anglo-American Financial Crisis, Bank Bail-outs, Banking Crisis, Central Banks, Debt, Financial Crisis, Fiscal Deficit, Greece, Interest Rates, Keynes, Money, Obama, UK Financial Crisis, Uncategorized, US Financial Crisis

The austerity brigade is rattled. Young Daniel Knowles over at the Daily Telegraph is so worried, he has had to rise to the defence of the Treasury and Office for Budget Responsibility – and then resorts to proposing Greece’s economic strategy for the UK. Why? Because orthodox economic ideology has been challenged by none other than Daniel’s …

Knowles needs to listen more carefully to ‘hero’ Clinton on deficit reduction Read More »

Cambridge excludes Keynesians from conference on Keynes

June 20, 2011 / Economic Orthodoxy, Keynes

Like Catholics organising a conference on Protestantism and excluding Protestants, the Cambridge organisers of a conference to ‘celebrate the 75th anniversary of the publication of Keynes’s General Theory of Employment, Interest and Money’, have excluded Keynes scholars. By contrast, most of those who will address the conference subscribe to the ‘classical’ theory that Keynes thought he had …

Cambridge excludes Keynesians from conference on Keynes Read More »