Ann Pettifor

Money

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

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 …

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Why Krugman’s ‘Keynesianism’ is controversial

Some of our friends were irked by my observation this week that Paul Krugman is: “an extremely controversial figure for Keynes scholars. He champions a mainstream interpretation of Keynes’s work known as the neo-classical synthesis” Many rightly applaud him for using his platform at the New York Times to defend further fiscal stimulus in the …

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Austerity: OECD economists show clear signs of ‘cold feet’ for austerity

(Photo: REUTERS / Yiorgos Karahalis ) A Greek riot policeman stands in front of graffiti written on the wall of a bank during violent demonstrations over austerity measures in Athens, May 5, 2010. Greece faced a day of violent protests and a nationwide strike by civil servants outraged by the announcement of draconian austeristy measures. …

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Coming soon: another global financial crash? Capital mobility and the commodity mania

Tin produced at a Glencore plant in Vinto, Bolivia “Experience shows that when policies falter in managing capital flows, there is no limit to the damage that international finance can inflict on an economy.” Yilmaz Akyüz, “Capital Flows to Developing Countries in a Historical Perspective: Will the current Boom End with a Bust?” Today, as …

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‘Debtonation’ – why it’s still relevant

Welcome readers, to my newly refreshed blog, and thanks to Georgia Lee and Maz Kessler for making it look so good, and work so well. I had thought that the title needed refreshing too. After all, I am fond of defining 9th August, 2007 as ‘debtonation day’, and that is now long past. To refresh …

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Banking Commission: A huge, missed opportunity to prevent economic failure

 First posted on Left Foot Forward The Vickers Commission’s Interim Report on Banking is a huge missed opportunity; a betrayal, some might say. The report acknowledges the vast scale of the liabilities of the British banking system – private liabilities which at 450% of UK GDP eclipse Britain’s public debts of just 58% of GDP. As …

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Women talking macro-economics

5th February 2010 My conversation earlier this week with Elena Sisti – of Italy’s Altreconomia on macro-economics, reform of the finance sector, money, and yes, how we women have left the all-important matter of finance to the boys. Big mistake. It’s time to get in there, and exercise influence. Too much is at stake.