Ann Pettifor

Public Finance

Why nationalisation of bailed-out firms is of macroeconomic importance.

In Britain as in the US, governments are tackling the corona virus by undertaking actions that force the closure or collapse of companies large and small. To compensate, they are stepping in with subsidies and bailouts. Because millions of livelihoods are at stake these interventions are welcome and necessary. But we must demand more: not …

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Interview at The World Transformed, Brighton, 21st September, 2019

  Open Democracy’s ‘OurEconomy’ took part in this year’s edition of The World Transformed, a political and cultural festival with over 6000 attendees running alongside the UK Labour Party conference that aims to build progressive power. We took the opportunity to catch up with some of the figures leading the movement for a new economy, …

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The Green New Bill – making it happen

The director of PRIME is a co-author of this new report by the Green New Deal group UK, published on the day a wave of schoolstrikes swept the world – demanding action to reverse the potentially catastrophic impacts of earth systems collapse . It accompanies the publication of the Decarbonisation and Economic Strategy Bill, a …

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The beauty of a Green New Deal is that it will pay for itself

On the day that my book The Case for the Green New Deal is launched, the Guardian published the article below. In September 2007, as credit was “crunched” and the financial crisis began to unfold, a group of economists and environmentalists, including the future Green party MP Caroline Lucas, met regularly in my small London …

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The FT: Governments must learn to love borrowing again.

8 December, 2019 This is a remarkable editorial from the Financial Times. Reproduced below. https://www.ft.com/content/04d3614e-078a-11ea-a984-fbbacad9e7dd The global slowdown is not making the politics of macroeconomic policymaking any easier. While doves insist that softening growth requires more muscular support for aggregate demand, hawks legitimately point to the structural sources of the slowdown. This week brought more …

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