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Policy Research in Macroeconomics

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Karl Polanyi’s “Present Age of Transformation”: the Bennington Lectures 80 years on

Jeremy Smith

‘Growth’ as flawed concept, and inherent to case for globalisation

Geoff Tily

The UK economy – stalled and unhealthy

Jeremy Smith

The UK economy remains stuck. Last Friday, the latest GDP numbers for the UK (first estimate for Q1 2023) from the Office for National Statistics (ONS) indicate that the UK economy is still a little shy of where it was back in late 2019. Household consumption is lower than in 2019 and GDP per head has fallen. And the ONS-measured output of health and social work activities is still over 10% below its 2019 level. A malfunctioning, underpaid and under-invested health service is a symbol of a wider malfunctioning, real wage-reducing, under-invested economy.

To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey

T. Sabri Öncü

Lending and Profiteering – Lessons from Argentina’s Recent Debt Problems

Kunibert Raffer

Reclaiming Central Banks

Ann Pettifor

Settling the public sector pay disputes now – modest cost, big benefits

Jeremy Smith

The UK economy – stalled and unhealthy

Jeremy Smith

The UK economy remains stuck. Last Friday, the latest GDP numbers for the UK (first estimate for Q1 2023) from the Office for National Statistics (ONS) indicate that the UK economy is still a little shy of where it was back in late 2019. Household consumption is lower than in 2019 and GDP per head has fallen. And the ONS-measured output of health and social work activities is still over 10% below its 2019 level. A malfunctioning, underpaid and under-invested health service is a symbol of a wider malfunctioning, real wage-reducing, under-invested economy.

Karl Polanyi’s “Present Age of Transformation”: the Bennington Lectures 80 years on

Jeremy Smith

‘Growth’ as flawed concept, and inherent to case for globalisation

Geoff Tily

To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey

T. Sabri Öncü

Lending and Profiteering – Lessons from Argentina’s Recent Debt Problems

Kunibert Raffer

Reclaiming Central Banks

Ann Pettifor

Settling the public sector pay disputes now – modest cost, big benefits

Jeremy Smith

Karl Polanyi’s “Present Age of Transformation”: the Bennington Lectures 80 years on

Jeremy Smith

‘Growth’ as flawed concept, and inherent to case for globalisation

Geoff Tily

Support Prime with a donation

Real World Economic Outlook
Ed. by Ann Pettifor (Palgrave, 2003)

The Coming First World Debt Crisis
Ann Pettifor (Palgrave, 2006)

Keynes Betrayed
Geoff Tily (Palgrave, 2010)

What is the Green New Deal and how can we afford it? Ann Pettifor’s latest book – The Case for the Green New Deal – now available to purchase at Verso Books.

Book Reviews

Bill Gates: How to avoid a climate disaster: review for the Times Literary Supplement

Ann Pettifor

Review: Trade Wars are Class Wars

Ann Pettifor

Turner’s monetary economics: theoretically radical, but ultimately conservative

Geoff Tily

Ed Conway: Twenty Two Days that Changed the World

Ann Pettifor

Publications

Snatching defeat from the jaws of a presumed victory? The Herculean labours of fiscal stringency

Panagiotis Chronis & Vassilis Droucopoulos

Pain, No Gain: The Austerity Scam

John Weeks

Lessons from German History

Geoff Tily

Bringing Money Back from “The Underworld”

Geoff Tily

Long Reads

What kind of growth?

Victoria Chick

Lessons of German history: Trading austerity for debt relief is savage, stupid and futile

Geoff Tily

The productivity fallacy

Geoff Tily

The Economic Consequences of Mr Osborne – updated

Geoff Tily

Latest Articles

The UK economy – stalled and unhealthy

Jeremy Smith

UK – bottom of the international economic league table

Jeremy Smith

Monetary Policy Debates in the Age of Deglobalisation: the Turkish Experiment-II

Hasan Cömert & T. Sabri Öncü

Settling the public sector pay disputes now – modest cost, big benefits

Jeremy Smith

Waiting for Deglobalisation – I

Ahmet Öncü & T.Sabri Öncü

To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey

T. Sabri Öncü

Changes in the UK labour market from 2019 to 2022 – our new report

Jeremy Smith

Central bankers, inflation “cousins” & the real threat to the global economy

Ann Pettifor

Lending and Profiteering – Lessons from Argentina’s Recent Debt Problems

Kunibert Raffer

The conferment of an honorary doctorate at Helsinki University: my speech.

Ann Pettifor

The UK’s public spending led recovery – before the cost-of-living deluge strikes

Jeremy Smith

Authors

Ann Pettifor

Ann Pettifor – Director of PRIME and author of The Case for the Green New Deal (Verso, 2019) and The Production of Money (Verso, 2017).

Jeremy Smith

Director of Policy Research in Macroeconomics

Geoff Tily

TUC Senior Economist and author Keynes Betrayed (Palgrave, 2007)

John Weeks

(1941-2020) Professor Emeritus, School of Oriental & African Studies, University of London, and author of Economics of the 1%: How mainstream economics serves the rich, obscures reality and distorts policy (Anthem Press,2020)

Kari Polanyi-Levitt

Kari Polanyi-Levitt

Emerita Professor of Economics at McGill University, Montreal and author of Silent Surrender: The Multinational Corporation in Canada (McGill Press, 2002)

Anna Coote

A leading analyst, writer and advocate in the field of social policy, and until recently head of Social Policy at NEF. She is co-author of The Case for Universal Basic Services (Polity, 2020)

Massimo Amato

Professor of Economics, Bocconi University, Milan, and co-author of The End of Finance (Polity Books)

Luca Fantacci

Economic historian and co-author, with Massimo Amato, of The End of Finance (Politybooks)

László Andor

Hungarian economist who, from 2010 to 2014, was Commissioner for Employment, Social Affairs and Inclusion in the Barroso II administration of the European Commission. He is Secretary General of the Foundation of European Progressive Studies

Ian Gough

Author of Heat, Greed and Human Need: Climate Change, Capitalism and Sustainable Wellbeing (Edward Elgar, 2017)

T. Sabri Öncü

An independent economist based in İstanbul, Turkey

Michael Hudson

American economist, Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College, former Wall Street analyst, political consultant, commentator and journalist

Steve Keen

An Australian Post-Keynesian economist and author of Debunking Economics (Zed, 2011)

Climate Change

Bill Gates: Save the jetset

The case for an Ecological Interest Rate

We can’t afford a capitalism that doesn’t work for the next generation

COP26: system change to sustain life on earth

UK

The UK economy – stalled and unhealthy

Settling the public sector pay disputes now – modest cost, big benefits

Changes in the UK labour market from 2019 to 2022 – our new report

The UK’s public spending led recovery – before the cost-of-living deluge strikes

Europe & Eurozone

UK – bottom of the international economic league table

Is Modern Monetary Theory suited for the EMU?

The GND and Europe’s next ten years: a plan for resolving the public debt crisis

How to strengthen European solidarity?

Finance & Regulation

Monetary Policy Debates in the Age of Deglobalisation: the Turkish Experiment-II

Central bankers, inflation “cousins” & the real threat to the global economy

PRIME’s 2022 forecast

Reclaiming Central Banks

Public Debt

To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey

Climate crisis, global debt, and the Fermi paradox – a proposal to the IMF

Spend for recovery & green future, raising corporation tax is ok, & there are no bond vigilantes

Is Modern Monetary Theory suited for the EMU?

Money & Banking

A War No One Can Win – Ukraine and the Weaponisation of Everything

Quantitative Easing: how the world got hooked on magicked-up money

The case for an Ecological Interest Rate

Ways & means of paying Government’s growing bills – financing or cashflow?

Prime

Policy Research in Macroeconomics (PRIME’s official name) is a company limited by guarantee, incorporated in England and Wales. It is company no. 07438334 and its registered office is at 11a Hatch Road, Pilgrims Hatch, Brentwood, Essex, CM15 9PU.

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