Thomas Piketty called it the most important formula in economics: it’s R > G , which means that the rate of return on capital (R) is greater than the rate of growth in the economy […]
Martin Wolf of the FT said this week that only economic growth can save democracy. Yet his economics serves only the wealthy. When workers are sacrificed, rents soar, and insecurity spreads, as he demands so […]
Not long ago some equated nationalism with Nazism. It is time to move on. Richard Murphy is an economic justice campaigner. Professor of Accounting, Sheffield University Management School. Chartered accountant. Co-founder of the Green New Deal as […]
We are witnessing a discredited political and economic elite whose last hope is to be beyond the reach of the populace they are abusing. Richard Murphy is an economic justice campaigner. Professor of Accounting, Sheffield University […]
This is a trend we shall see much more of in the future. Not only with coffee, but with many food items we take for granted. Richard Murphy is an economic justice campaigner. Professor of Accounting, […]
10 September 2025
It’s great to have this phenomenon explained once again. Richard Murphy is an economic justice campaigner. Professor of Accounting, Sheffield University Management School. Chartered accountant. Co-founder of the Green New Deal as well as blogging at Funding the […]
Modern Monetary Theory has become one of the most useful tools to understanding economics. Unfortunately it is plagued by zealots who do not understand it. Richard Murphy is an economic justice campaigner. Professor of Accounting, Sheffield […]
The role of the state has been incessantly denigrated and attacked by neo-liberals, which has left us with the crap that we used to be the foundation of our society Richard Murphy is an economic justice […]
2024 was a year when political certainties disappeared – and not just because of Trump. Politics, as we’ve known it for a long time, went into meltdown Richard Murphy is an economic justice campaigner. Professor of […]
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