Ann Pettifor

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Yours truly at National Theatre discussion on The Lehman Trilogy

After attending a performance of the Lehman Trilogy, I was honoured to join a panel at the National Theatre on 16th October, 2018 to discuss the play. Readers will know that the play was directed by Sam Mendes, and starred three great actors in all of the complex parts: Simon Russell Beale, Adam Godley and Ben Miles. It was, …

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A Reckless Economic Experiment

  The following article appeared in the Church Times on 20 September, 2018 “The Government is unprepared for a hard Brexit, says Ann Pettifor. The financial impact could be devastating” The Brexit referendum provided conclusive evidence that economics is inherently political. There was nothing scientific about any of the campaign promises or economic forecasts. Instead, …

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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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Why I support ‘Another Europe’

The vote for Brexit was in my view, an anti-globalisation vote. A vote against decision-making by invisible, unaccountable global markets in money, trade, property and labour. Unregulated markets, facilitated by mobile, cross-border capital flows that imposed painful economic changes on populations across the world, and did so at great speed. A global market in mobile …

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Interview with New Zealand’s Biggest Business Website – STUFF

On the 15th April, this year, I visited New Zealand at the invitation of the Institute of Directors, to address 600 CEOs at their annual meeting. This is an interview given to the journalist Rob Stock in which he asked about the possibility of another financial crisis. “Ann Pettifor predicted the global financial crisis, and …

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Will Workers Get A Pay Rise in 2018?

The Financial Times questioned economists for its annual publication of economic forecasts: “With unemployment at a 40-year low, how much of a pay rise will British workers get in 2018?” (See here: https://www.ft.com/content/98ce5e72-ebd9-11e7-bd17-521324c81e23)  PRIME economists responded thus: The fall in real wages while employment has fallen and employment has risen is a consequence of sustained hyper-globalisation …

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Interview with ‘The Actuary ‘- Journal of the Institute of Actuaries: “Prophet and Loss”

“The “nature of money” is the most important factor, Pettifor says. She believes that the common view of banks is that they act as intermediaries between patient savers and impatient borrowers, but “banks haven’t done that since 1694,” she says. If this were the case, she adds, then “we wouldn’t have a massive expansion of …

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The Economic Crash, 10 Years on from the Credit Crunch 2007

  The following article appeared in Red Pepper magazine on 08 August, 2017 I know exactly where I was on 9 August 2007. A hot summer’s day – ‘debtonation day’. Bankers all over the world had lost their collective nerve and refused to lend to each other. The globally synchronised financial system froze, and began …

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