Ann Pettifor

Ann Pettifor

Political economist, author and public speaker

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Keynes

To stabilise the ecosystem, we must first transform the international financial system.

/ Globalisation, International Financial System, Keynes, Market-based Finance, Uncategorized

I have a chapter in a new book, Economic Policies for Sustainability and Resilience, edited by Professors Philip Arestis and Malcolm Sawyer and published by Palgrave Macmillan. (Details here: eBook ISBN 978-3-030-84288-8 Print ISBN 978-3-030-84287-1). As I argue in an abstract for my chapter: “the intent of financial globalisation, like the gold standard, is to …

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How Do We Create the Financial Conditions for a Green New Deal?

/ Capital Flows, Ecosystem, Environment, Green New Deal, International Financial System, Keynes

This is an interview with Rob Johnson of the George Soros-sponsored Institute for New Economic Thinking (INET): “Political economist, author, and public speaker Ann Pettifor talks about her latest book, The Case for a Green New Deal, which not only lays out the urgency for such a deal, but also proposes a roadmap for both …

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A new internationalism on the terms of labour

/ Bretton Woods, Economic Orthodoxy, Ecosystem, Globalisation, International Financial System, Keynes, Uncategorized

  This article was written for the Brussels-based Foundation for European Progressive Studies (FEPS) and published here on the 7th June, 2021. If progressive European political parties are to achieve both relevance and electoral success, a paradigm shift is required: away from Social Democracy’s attachment to financialised globalisation. If they aim to defeat nationalism, and …

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“The economic mechanism of Europe is jammed”

/ ECB, Euro, Euroland, Europe, Government Borrowing, Keynes

“The economic mechanism of Europe is jammed.” – J M Keynes [1] The Dutch finance minister Wopka Hoekstra is somewhat brazen. Like his German counterpart, he caused consternation across the Union by rejecting a ‘Coronabond’ – a scheme for raising finance for EU countries tackling the coronavirus crisis; a scheme that would have lowered the …

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“The economic mechanism of Europe is jammed”

/ Euroland, Europe, Globalisation, International Financial System, Keynes

“The economic mechanism of Europe is jammed.” – J M Keynes [1] The Dutch finance minister Wopka Hoekstra is somewhat brazen. Like his German counterpart, he caused consternation across the Union by rejecting a ‘Coronabond’ – a scheme for raising finance for EU countries tackling the coronavirus crisis; a scheme that would have lowered the …

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

/ 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 …

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

/ 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 – …

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The Indefatigable Efforts of J. M. Keynes

/ 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, …

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

/ 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 …

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