Council Members
Secretariat
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PEF’s Council Coordinator summarises the argument of his latest work, The Debt Delusion, confronting the household budget fallacy that has been used to rationalise a decade of needless austerity.
Richard Murphy, PEF Council member and member of the Green New Deal Group, weighs up the various party’s tax pledges in the General Election.
John Weeks, Coordinator of the PEF Council and Emeritus Professor of Economics, SOAS, writes for the PEF blog on the parties’ fiscal policies.
PEF Council coordinator John Weeks on the economic thinking at the IFS. Cross-posted from Open Democracy.
Brave New Europe’s Matthew D. Rose, reviews PEF Council Coordinator John Weeks’ new book The Debt Delusion.
Richard Murphy, PEF Council Member and member of the Green New Deal Group argues that Labour’s commitments to a £250bn “green transformation fund” is fiscally responsible.
‘Over five decades the principle that capitalist economies required active, continuous management by national governments established itself as policy orthodoxy, then the consensus abruptly ended.’ PEF Council Coordinator John Weeks reminds us what Keynes taught us about managing capitalism.
Of the nineteen UK governments since the Second World War, only two have torn up the rule book and tried to build a better future, instead of simply recycling the
“The persistence of austerity as an idea and a policy therefore owes far more to human emotions – or, as Keynes branded them, “animal spirits” – than it does to sound economics.”
“Despite the multiplier’s effect on the change in real GDP being relatively straight-forward to calculate – once you know what it is – arriving at an accurate estimate of the current multiplier is very difficult; and forecasting it borders on the impossible.”
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