Andy Burnham walked into Downing Street on 20 July promising to rewire the state. Six weeks later, at his first Prime Minister's Questions, he described what he now leads as "a government grounded in fiscal responsibility".¹ 

Politicians of all parties have spent decades telling the British public that the national debt is a burden on future generations, a reckless legacy we are imposing on our children and grandchildren. ...

Model SIM (from Godley & Lavoie's textbook) is the smallest complete money model: three sectors — households, firms and the government — and a single kind of money that the government issues. There ar...

Model SIM (from Godley & Lavoie's textbook) is the smallest complete money model: three sectors — households, firms and the government — and a single kind of money that the government issues. There ar...

Why the world’s largest and most important market is not safe for widows and orphans The claim that markets are the best and most trustworthy way to allocate resources rests […]

Britain has lived inside the neoliberal story for half a century. A framework called Market Humanism offers a way out and, for a country stuck in stagnation, a way forward.

Much of the conventional economic wisdom prevailing in financial circles, largely subscribed to as a basis for governmental policy, and widely accepted by the media and the public, is based on incom- ...

What Trump's administration is doing to dismantle US democracy could happen here. We must future-proof our constitution to prevent that. I've just asked my MP to attend a parliamentary briefing on wh...

We run three bodies to count the money and none to assess whether the economy can do the work.