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PEF Council member Prof. Stephany Griffiths-Jones is a member of Chilean President Gabriel Boric’s group of economic advisors. With Boric winning a resounding victory in the Chilean Presidential elections, we
This week the UK Chancellor Rishi Sunak delivered the 2021 Autumn Budget in the House of Commons. The Budget confirms that this government has accepted a permanently larger role for
“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
“I am highly sceptical about this story of ‘pent-up demand’. A shrinkage in national income by 10% implies a fall, not rise, in national saving. Saving out of income may go up, but income itself is lower. That’s why it’s not like in a war, when you have full employment and rising wages, but less to spend money on. “
The International Monetary Fund (IMF) should agree a rapid issuance of at least $500bn in international liquidity, in the form of additional Special Drawing Rights (SDRs)
The United Kingdom has made its first step toward ending the rhetoric of fiscal austerity, yet reactions to the budget on 11th March demonstrate how engrained the austerity ideology is in the media.
The Treasury has always acted as a restraining influence on elected governments. The Prime Minister’s move is good news for democracy.
John Weeks, Coordinator of the PEF Council and Emeritus Professor of Economics, SOAS, writes for the PEF blog on the parties’ fiscal policies.
Guy Standing, PEF Council member and Honarary Co-President of Basic Income Earth Network, writes on the rising authoritarianism bred by rentier capitalism and the need to re-embed the economy in society.
Brexit represents the last gasp of the British empire. The men who have led it cannot accept that the colonial era, and the exploited wealth that came with it, is over.
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