Council Members
Secretariat
Guest Authors
The Bank of England’s new chief economist, Huw Pill, gave his first interview in the job to the Financial Times a few days ago. It will do little to confirm
An interesting debate was opened by Labour’s MP for Neath, Christina Rees, in Parliament’s Westminster Hall last week on Italy’s “Marcora Law”. This is the legislation introduced there in 1985
The paper outlines the case for fiscal policy to regain a permanent status of primacy in modern macroeconomic management, beyond the pandemic emergency and makes the case for public job programmes
see films clips of authors introducing their chapters in PEF’s book , The Return of the State
see film clips of PEF Council members explaining the purpose of PEF’s new book, The Return of the State
“After decades of assault by state-shrinking ideologues, a collision of crises has revealed how only the power of good government can save us. Covid, climate catastrophe and Brexit crashed in on a public realm stripped bare by a decade of extreme austerity. Here all the best writers and thinkers on the good society show recovery is possible, with a radical rethink of all the old errors. Read this, and feel hope that things can change. ”
Polly Toynbee
As government borrowing takes the ratio of public debt in Britain to national income above 100%, listen out for the alarms raised by fiscal conservatives that our profligacy is perpetuating debts that your children will have to pay
We received the sad news that our great friend and colleague John Weeks died on 26th July 2020 after increasing ill health over the last few months. John was one of the founders of PEF and coordinator of the council.
” John Weeks was a rigorous and progressive academic economist, committed to good economic policy and political action; at the same time he was a very kind, supportive and loyal colleague and friend”
We have reviewed the fiscal sustainability report published by the Office for Budget Responsibility (OBR) on 14 July 2020. We believe that its approach to economics is wrong. The view it presents does not, in our opinion, help economic recovery.
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