The Russian invasion of Ukraine started on 24 February 2022. Since then, several thousand combatants from both sides and more than 500 Ukrainian civilians have died, bombs have ruined many cities, and more than two […]
21st century capitalism bears little resemblance to the capitalism that fired the Industrial Revolution, or indeed to the more recent Thatcher/Reagan model of capitalism. Key sectors of today’s new hyper-capitalism are profoundly risk averse. Read […]
Whatever the Bank of England is doing in the hope of reducing inflation, it is the opposite of what it needed. Read here
First, let me answer the question in the title: I do not know because, according to conventional theories, when the realised and expected inflation rates are as high as they are in the United States […]
Many people might know Universal Basic Income (UBI), but fewer are familiar with Universal Basic Services (UBS), providing essential services according to need, not ability to pay. This is a collective alternative to the individualist […]
They have the jobs, they have the money, they have the political backing. Why should neo-classical economists want to change anything? Ann Pettifor – Economist, director of Policy Research in Macroeconomics (PRIME) – Author of […]
Central Banks have discovered that they have little idea of what is occuring in the economies they are supposed to be guiding. Using economic models that do not function makes it almost impossible to guride […]
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