Latest video: Prof. Stephany Griffith-Jones and John McDonnell on why we need a National Investment Bank

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The Progressive Economy Forum (PEF) was founded on the progressive values of equality, dynamism and sustainability to produce a new macroeconomic programme

Voices on a Progressive Economy

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In 2010, the newly elected Conservative-Liberal Democrat coalition imposed a set of sharp public spending cuts on the British people in the name of austerity. The stated aim was to ‘bring the public finances under control’, but we believe this was an experiment doomed to fail. More importantly, it was totally unnecessary, and following this path has both weakened our economy and inflicted unjustifiable social harm.

What Is A Progressive Economy?

How we use and share our resources as a society is, in part, the result of the millions of decisions we make each day about what to with our own resources: where we spend our money, how we spend our time, and what we choose to create. But it is also influenced by our institutions – our laws, our government and its policies. A progressive economy is an economy whose structure encourages dynamism, a fair or equitable sharing of resources and environmental sustainability.

The PEF Council

“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else


— J. M. Keynes’ General Theory