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2019.
THE RETURN OF THE STATE Robert Skidelsky. Crossbench peer and Emeritus Professor of Political Economy at Warwick University . Ann Pettifor. Political economist, author and public speaker. ACTIVE FISCAL POLICY IS KEY TO BUILDING A FAIR AND STABLE Active fiscal policy is key to building a fair and stable economy. The term “fiscal” comes from the Latin for “purse”. When it comes to fiscal policy – how the government manages the country’s budget – a lot of people wrongly compare the country’s purse, and how it’s managed, with that of an individual or household. NEW LABOUR, INEQUALITY AND THE 1% • THE PROGRESSIVE New Labour left it more divided. When the 2015 election came, the take of the 1% had grown again, to 16.6% or 27 times the average income of average adult in the ‘bottom 90%’. People like Jacob Rees-Mogg and Tony Blair, those with incomes in the top 1%, had seen their take rise by an average addition of 6.5 salaries of those in the bottom 90%! DEBT MONETIZATION AND INFLATION IDEOLOGY • THE PROGRESSIVE Debt Monetization and Inflation Ideology. John Weeks. Few common economic phenomena are as misunderstood and misrepresented as “inflation”. Unemployment represents a concrete event that manifests itself in a straight-forward manner, loss of work, application for benefits and subsequent job search. We can contrastthis to inflation.
STOP COUNCILS SELLING OFF PUBLIC LAND • THE PROGRESSIVE Stop councils selling off public land. The perverse outcomes of a decade of austerity in Britain are perhaps nowhere clearer to see than in relation to land ownership. Since austerity policies were introduced in the wake of the financial crisis, councils have sold off public land that is crucial to the public services they provide. BASIC INCOME AS COMMON DIVIDENDS: PILOTING A Basic Income as Common Dividends: Piloting a Transformative Policy Guy Standing A Report for the Shadow Chancellor of the Exchequer BasicIncome as Common
HOME • THE PROGRESSIVE ECONOMY FORUM The Progressive Economy Forum brings together a council of eminent economists and academics to develop a new macroeconomic programme for the UK. We publish research and policy proposals, run a wide variety of events, and manage a blog featuring authoritative analysis of current issues facing the economy NEWS • THE PROGRESSIVE ECONOMY FORUM April 28, 2021. 40 years of neoliberalism have failed to provide prosperity or stability to the UK economy. Instead it has led to low growth, turbulence, grotesque inequality , poverty and ill health for millions . This is the outcome of damaging economic polices driven by free market dogma, rentier capitalism and ideology. ABOUT US • THE PROGRESSIVE ECONOMY FORUM The Progressive Economy Forum was founded in May 2018 and brings together a Council of eminent economists and academics to develop a new macroeconomic programme for the UK.. The dominant economic ideology, neoliberalism, has served to entrench inequalities, undermine public service provision, and accelerate the pace of environmental breakdown. EVENTS • THE PROGRESSIVE ECONOMY FORUM Designing the First Labour Budget. Patrick Allen, Sue Konzelmann, Stephany Griffith-Jones, Danny Dorling, Guy Standing September 23,2019.
THE RETURN OF THE STATE Robert Skidelsky. Crossbench peer and Emeritus Professor of Political Economy at Warwick University . Ann Pettifor. Political economist, author and public speaker. ACTIVE FISCAL POLICY IS KEY TO BUILDING A FAIR AND STABLE Active fiscal policy is key to building a fair and stable economy. The term “fiscal” comes from the Latin for “purse”. When it comes to fiscal policy – how the government manages the country’s budget – a lot of people wrongly compare the country’s purse, and how it’s managed, with that of an individual or household. NEW LABOUR, INEQUALITY AND THE 1% • THE PROGRESSIVE New Labour left it more divided. When the 2015 election came, the take of the 1% had grown again, to 16.6% or 27 times the average income of average adult in the ‘bottom 90%’. People like Jacob Rees-Mogg and Tony Blair, those with incomes in the top 1%, had seen their take rise by an average addition of 6.5 salaries of those in the bottom 90%! DEBT MONETIZATION AND INFLATION IDEOLOGY • THE PROGRESSIVE Debt Monetization and Inflation Ideology. John Weeks. Few common economic phenomena are as misunderstood and misrepresented as “inflation”. Unemployment represents a concrete event that manifests itself in a straight-forward manner, loss of work, application for benefits and subsequent job search. We can contrastthis to inflation.
STOP COUNCILS SELLING OFF PUBLIC LAND • THE PROGRESSIVE Stop councils selling off public land. The perverse outcomes of a decade of austerity in Britain are perhaps nowhere clearer to see than in relation to land ownership. Since austerity policies were introduced in the wake of the financial crisis, councils have sold off public land that is crucial to the public services they provide. BASIC INCOME AS COMMON DIVIDENDS: PILOTING A Basic Income as Common Dividends: Piloting a Transformative Policy Guy Standing A Report for the Shadow Chancellor of the Exchequer BasicIncome as Common
BLOG • THE PROGRESSIVE ECONOMY FORUM Patrick Allen April 14, 2021. “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. EVENTS • THE PROGRESSIVE ECONOMY FORUM Designing the First Labour Budget. Patrick Allen, Sue Konzelmann, Stephany Griffith-Jones, Danny Dorling, Guy Standing September 23,2019.
REINSTATING FISCAL POLICY FOR NORMAL TIMES • THE The paper outlines the case for fiscal policy to regain a permanent status of primacy in modern macroeconomic management, beyond thepandemic
MORE VACCINES, MORE VACANCIES, BUT TROUBLE AHEAD • THE Early reports suggest that the reopening of indoor hospitality in England has driven a hiring surge as employers try to meet the expected demand across the sector. Job search website Adzuna has reported a trebling in the advertised vacancies since March but the impact of unlocking – and a much-anticipated surge in consumer spending – More vaccines, more vacancies, but trouble ahead THE RETURN OF THE STATE Robert Skidelsky. Crossbench peer and Emeritus Professor of Political Economy at Warwick University . Ann Pettifor. Political economist, author and public speaker. WHY WE SHOULD SUPPORT THE VACCINE WAIVER • THE PROGRESSIVE In the past few months, a global campaign has grown in favour of suspending the IP protection for Covid vaccines during the pandemic. Over 100 countries have joined the campaign, with a prominent role played by India. At the beginning of May, the Biden Administration backed it, reversing the Trump administration’s opposition. Sadly, the British government has been one of the few rigidly A SHRINKING ECONOMY IN THE FIRST QUARTER, BUT THE SUMMER UK government figures out today show a 1.5% shrinking in the size of the economy in the first three months of the year – huge by pre-covid standards, but better than was widely expected, with rapid growth in March as schools reopened and some economic life resumed. That last month is likely to be a A shrinking economy in the first quarter, but the summer sugar rush is coming Read More » WHAT IS A PROGRESSIVE ECONOMY? • THE PROGRESSIVE ECONOMY FORUM The first three words that come to mind when I think about a progressive economy are: equality, green and community. Many of us would include this these words on our bucket list of the outcomes that we want to see in society. Currently the economy is associated with the exact opposite of these three words. How we turn this around isthe billion
LAUNCH OF PEF'S NEW BOOK THE RETURN OF THE STATE • THE At the launch Ed Miliband said the book was “An incredibly useful addition to the debate”. The book of 20 essays by PEF council members and other academics provides a blueprint for reform of the UK economy post Covid-19. The essays outline the policies and reforms needed to meet the multiple challenges of our times – Covid-19, thelegacy
HOW TO INTERPRET UNEMPLOYMENT STATISTICS • THE PROGRESSIVE The measured unemployment rate for January-March 2019 was 3.8% compared to 3.9% for December-February 2019, even though the “total in employment” fell by 24,000 and the number of employees fell by a striking 118,000, only partly compensated by self-employment rising 98,000 (see ONS Table 3, columns B and C). How can the unemploymentrate
HOME • THE PROGRESSIVE ECONOMY FORUM The Progressive Economy Forum brings together a council of eminent economists and academics to develop a new macroeconomic programme for the UK. We publish research and policy proposals, run a wide variety of events, and manage a blog featuring authoritative analysis of current issues facing the economy NEWS • THE PROGRESSIVE ECONOMY FORUM April 28, 2021. 40 years of neoliberalism have failed to provide prosperity or stability to the UK economy. Instead it has led to low growth, turbulence, grotesque inequality , poverty and ill health for millions . This is the outcome of damaging economic polices driven by free market dogma, rentier capitalism and ideology. ABOUT US • THE PROGRESSIVE ECONOMY FORUM The Progressive Economy Forum was founded in May 2018 and brings together a Council of eminent economists and academics to develop a new macroeconomic programme for the UK.. The dominant economic ideology, neoliberalism, has served to entrench inequalities, undermine public service provision, and accelerate the pace of environmental breakdown. EVENTS • THE PROGRESSIVE ECONOMY FORUM Designing the First Labour Budget. Patrick Allen, Sue Konzelmann, Stephany Griffith-Jones, Danny Dorling, Guy Standing September 23,2019.
NEW LABOUR, INEQUALITY AND THE 1% • THE PROGRESSIVE New Labour left it more divided. When the 2015 election came, the take of the 1% had grown again, to 16.6% or 27 times the average income of average adult in the ‘bottom 90%’. People like Jacob Rees-Mogg and Tony Blair, those with incomes in the top 1%, had seen their take rise by an average addition of 6.5 salaries of those in the bottom 90%! DEBT MONETIZATION AND INFLATION IDEOLOGY • THE PROGRESSIVE Debt Monetization and Inflation Ideology. John Weeks. Few common economic phenomena are as misunderstood and misrepresented as “inflation”. Unemployment represents a concrete event that manifests itself in a straight-forward manner, loss of work, application for benefits and subsequent job search. We can contrastthis to inflation.
ACTIVE FISCAL POLICY IS KEY TO BUILDING A FAIR AND STABLE Active fiscal policy is key to building a fair and stable economy. The term “fiscal” comes from the Latin for “purse”. When it comes to fiscal policy – how the government manages the country’s budget – a lot of people wrongly compare the country’s purse, and how it’s managed, with that of an individual or household. STOP COUNCILS SELLING OFF PUBLIC LAND • THE PROGRESSIVE Stop councils selling off public land. The perverse outcomes of a decade of austerity in Britain are perhaps nowhere clearer to see than in relation to land ownership. Since austerity policies were introduced in the wake of the financial crisis, councils have sold off public land that is crucial to the public services they provide. CAPITAL CONTROLS VS EXCHANGE CONTROLS: A BRIEF REVIEW Capital controls and exchange controls are not the same thing. Many remember exchange controls as limits over the amount of sterling one could exchange on a foreign holiday. That was before Mrs Thatcher lifted exchange controls in 1979. Exchange controls, as used in the UK, were a limit on someone’s ability to exchange sterling poundnotes
BASIC INCOME AS COMMON DIVIDENDS: PILOTING A Basic Income as Common Dividends: Piloting a Transformative Policy Guy Standing A Report for the Shadow Chancellor of the Exchequer BasicIncome as Common
HOME • THE PROGRESSIVE ECONOMY FORUM The Progressive Economy Forum brings together a council of eminent economists and academics to develop a new macroeconomic programme for the UK. We publish research and policy proposals, run a wide variety of events, and manage a blog featuring authoritative analysis of current issues facing the economy NEWS • THE PROGRESSIVE ECONOMY FORUM April 28, 2021. 40 years of neoliberalism have failed to provide prosperity or stability to the UK economy. Instead it has led to low growth, turbulence, grotesque inequality , poverty and ill health for millions . This is the outcome of damaging economic polices driven by free market dogma, rentier capitalism and ideology. ABOUT US • THE PROGRESSIVE ECONOMY FORUM The Progressive Economy Forum was founded in May 2018 and brings together a Council of eminent economists and academics to develop a new macroeconomic programme for the UK.. The dominant economic ideology, neoliberalism, has served to entrench inequalities, undermine public service provision, and accelerate the pace of environmental breakdown. EVENTS • THE PROGRESSIVE ECONOMY FORUM Designing the First Labour Budget. Patrick Allen, Sue Konzelmann, Stephany Griffith-Jones, Danny Dorling, Guy Standing September 23,2019.
NEW LABOUR, INEQUALITY AND THE 1% • THE PROGRESSIVE New Labour left it more divided. When the 2015 election came, the take of the 1% had grown again, to 16.6% or 27 times the average income of average adult in the ‘bottom 90%’. People like Jacob Rees-Mogg and Tony Blair, those with incomes in the top 1%, had seen their take rise by an average addition of 6.5 salaries of those in the bottom 90%! DEBT MONETIZATION AND INFLATION IDEOLOGY • THE PROGRESSIVE Debt Monetization and Inflation Ideology. John Weeks. Few common economic phenomena are as misunderstood and misrepresented as “inflation”. Unemployment represents a concrete event that manifests itself in a straight-forward manner, loss of work, application for benefits and subsequent job search. We can contrastthis to inflation.
ACTIVE FISCAL POLICY IS KEY TO BUILDING A FAIR AND STABLE Active fiscal policy is key to building a fair and stable economy. The term “fiscal” comes from the Latin for “purse”. When it comes to fiscal policy – how the government manages the country’s budget – a lot of people wrongly compare the country’s purse, and how it’s managed, with that of an individual or household. STOP COUNCILS SELLING OFF PUBLIC LAND • THE PROGRESSIVE Stop councils selling off public land. The perverse outcomes of a decade of austerity in Britain are perhaps nowhere clearer to see than in relation to land ownership. Since austerity policies were introduced in the wake of the financial crisis, councils have sold off public land that is crucial to the public services they provide. CAPITAL CONTROLS VS EXCHANGE CONTROLS: A BRIEF REVIEW Capital controls and exchange controls are not the same thing. Many remember exchange controls as limits over the amount of sterling one could exchange on a foreign holiday. That was before Mrs Thatcher lifted exchange controls in 1979. Exchange controls, as used in the UK, were a limit on someone’s ability to exchange sterling poundnotes
BASIC INCOME AS COMMON DIVIDENDS: PILOTING A Basic Income as Common Dividends: Piloting a Transformative Policy Guy Standing A Report for the Shadow Chancellor of the Exchequer BasicIncome as Common
BLOG • THE PROGRESSIVE ECONOMY FORUM PEF publishes blue print for the post-covid economy on 29th April 2021. Patrick Allen April 14, 2021. “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 adecade of
PROJECTS • THE PROGRESSIVE ECONOMY FORUM 100 Policies to End Austerity. PEF Council member Dr Johnna Montgomerie is curating 100 Policies to End Austerity, a blog series featuring short, succinct policy proposals from PEF Council members and other thinkers about how we can transform our economy for the better, in partnership with openDemocracy and The Conversation. PUBLICATIONS • THE PROGRESSIVE ECONOMY FORUM Our publications include accessible informational and training materials on economics, technical briefings on key issues, and policy proposals from our Council. You can sign up to our updates mailing list here and you can read our review of 2018-19 here. COUNCIL MEMBERS • THE PROGRESSIVE ECONOMY FORUM Council Members. Patrick Allen. Chair and Founder of PEF. Ann Pettifor. Political economist, author and public speaker. Johnna Montgomerie. Reader in International Political Economy at King’s College London. Stephany Griffith-Jones. Financial Markets Director atthe
THE RETURN OF THE STATE Robert Skidelsky. Crossbench peer and Emeritus Professor of Political Economy at Warwick University . Ann Pettifor. Political economist, author and public speaker. MORE VACCINES, MORE VACANCIES, BUT TROUBLE AHEAD • THE Early reports suggest that the reopening of indoor hospitality in England has driven a hiring surge as employers try to meet the expected demand across the sector. Job search website Adzuna has reported a trebling in the advertised vacancies since March but the impact of unlocking – and a much-anticipated surge in consumer spending – More vaccines, more vacancies, but trouble ahead LAUNCH OF PEF'S NEW BOOK THE RETURN OF THE STATE • THE At the launch Ed Miliband said the book was “An incredibly useful addition to the debate”. The book of 20 essays by PEF council members and other academics provides a blueprint for reform of the UK economy post Covid-19. The essays outline the policies and reforms needed to meet the multiple challenges of our times – Covid-19, thelegacy
COVID-19 AND THE NOAH’S ARK PROBLEM • THE PROGRESSIVE One of the things the COVID-19 lock up got me thinking about was Noah’s Ark. Remember the original: God vowed to destroy mankind with a great flood because of its wickedness, but told Noah and his family to self-isolate themselves in an ark – a substantial building with three stories – with enough food for a long stay; to bring in two specimens of every living and creeping thing; and to CAPITAL CONTROLS VS EXCHANGE CONTROLS: A BRIEF REVIEW Capital controls and exchange controls are not the same thing. Many remember exchange controls as limits over the amount of sterling one could exchange on a foreign holiday. That was before Mrs Thatcher lifted exchange controls in 1979. Exchange controls, as used in the UK, were a limit on someone’s ability to exchange sterling poundnotes
THE NATIONAL HEALTH SERVICE The National Health Service – Privatisation in prospect? Guy Standing. The rhetoric of all political parties is always that “the NHS is safe with us” and that they are fully committed to maintain the NHS as a free public, nationalised service. Early in this General Election, as reported in The Times and elsewhere, Boris Johnson evensaid
HOME • THE PROGRESSIVE ECONOMY FORUM The Progressive Economy Forum brings together a council of eminent economists and academics to develop a new macroeconomic programme for the UK. We publish research and policy proposals, run a wide variety of events, and manage a blog featuring authoritative analysis of current issues facing the economy NEWS • THE PROGRESSIVE ECONOMY FORUM “I’m talking about Labour’s duty to highlight the serious damage Brexit is wreaking right now on British businesses, services, universities, fishermen, farmers, artists, musicians, tourists and expats, let alone the Union; its duty to resist Britain becoming known as a dishonourable country that breaks the law and can’t be trusted; its duty to call out David Frost, the man whom Johnson ABOUT US • THE PROGRESSIVE ECONOMY FORUM The Progressive Economy Forum was founded in May 2018 and brings together a Council of eminent economists and academics to develop a new macroeconomic programme for the UK.. The dominant economic ideology, neoliberalism, has served to entrench inequalities, undermine public service provision, and accelerate the pace of environmental breakdown. EVENTS • THE PROGRESSIVE ECONOMY FORUM Patrick Allen, Sue Konzelmann, Stephany Griffith-Jones, Danny Dorling, Guy Standing September 23, 2019 DEBT MONETIZATION AND INFLATION IDEOLOGY • THE PROGRESSIVE Market economies tend to generate unemployment not full employment. Real economies produce many goods and services with quite different process of price determination. Governments and central banks at most influence not determine money in circulation. Inflation is not the result of too much money. That is its consequence. NEW LABOUR, INEQUALITY AND THE 1% • THE PROGRESSIVE In the runup to the publication of the new, third edition of his book 'Inequality and the 1%', Danny Dorling writes for the PEF blog on New Labour and the recent history of inequality in the UK. ACTIVE FISCAL POLICY IS KEY TO BUILDING A FAIR AND STABLEACTIVE FISCAL POLICY ACTIONSFISCAL POLICY ACTIONACTIVE VS PASSIVE FISCAL POLICYMONETARY POLICY VS FISCAL POLICY The term “fiscal” comes from the Latin for “purse”. When it comes to fiscal policy – how the government manages the country’s budget – a lot of people wrongly compare the country’s purse, and how it’s managed, with that of an individual or household. STOP COUNCILS SELLING OFF PUBLIC LAND • THE PROGRESSIVE The perverse outcomes of a decade of austerity in Britain are perhaps nowhere clearer to see than in relation to land ownership. Since austerity policies were introduced in the wake of the financial crisis, councils have sold off public land that is crucial to the public services they provide. CAPITAL CONTROLS VS EXCHANGE CONTROLS: A BRIEF REVIEW The recent debate around capital controls and exchange controls has been confusing, but capital controls would be expected to play a role in a progressive economy. BASIC INCOME AS COMMON DIVIDENDS: PILOTING A Basic Income as Common Dividends: Piloting a Transformative Policy Guy Standing A Report for the Shadow Chancellor of the Exchequer BasicIncome as Common
HOME • THE PROGRESSIVE ECONOMY FORUM The Progressive Economy Forum brings together a council of eminent economists and academics to develop a new macroeconomic programme for the UK. We publish research and policy proposals, run a wide variety of events, and manage a blog featuring authoritative analysis of current issues facing the economy NEWS • THE PROGRESSIVE ECONOMY FORUM “I’m talking about Labour’s duty to highlight the serious damage Brexit is wreaking right now on British businesses, services, universities, fishermen, farmers, artists, musicians, tourists and expats, let alone the Union; its duty to resist Britain becoming known as a dishonourable country that breaks the law and can’t be trusted; its duty to call out David Frost, the man whom Johnson ABOUT US • THE PROGRESSIVE ECONOMY FORUM The Progressive Economy Forum was founded in May 2018 and brings together a Council of eminent economists and academics to develop a new macroeconomic programme for the UK.. The dominant economic ideology, neoliberalism, has served to entrench inequalities, undermine public service provision, and accelerate the pace of environmental breakdown. EVENTS • THE PROGRESSIVE ECONOMY FORUM Patrick Allen, Sue Konzelmann, Stephany Griffith-Jones, Danny Dorling, Guy Standing September 23, 2019 DEBT MONETIZATION AND INFLATION IDEOLOGY • THE PROGRESSIVE Market economies tend to generate unemployment not full employment. Real economies produce many goods and services with quite different process of price determination. Governments and central banks at most influence not determine money in circulation. Inflation is not the result of too much money. That is its consequence. NEW LABOUR, INEQUALITY AND THE 1% • THE PROGRESSIVE In the runup to the publication of the new, third edition of his book 'Inequality and the 1%', Danny Dorling writes for the PEF blog on New Labour and the recent history of inequality in the UK. ACTIVE FISCAL POLICY IS KEY TO BUILDING A FAIR AND STABLEACTIVE FISCAL POLICY ACTIONSFISCAL POLICY ACTIONACTIVE VS PASSIVE FISCAL POLICYMONETARY POLICY VS FISCAL POLICY The term “fiscal” comes from the Latin for “purse”. When it comes to fiscal policy – how the government manages the country’s budget – a lot of people wrongly compare the country’s purse, and how it’s managed, with that of an individual or household. STOP COUNCILS SELLING OFF PUBLIC LAND • THE PROGRESSIVE The perverse outcomes of a decade of austerity in Britain are perhaps nowhere clearer to see than in relation to land ownership. Since austerity policies were introduced in the wake of the financial crisis, councils have sold off public land that is crucial to the public services they provide. CAPITAL CONTROLS VS EXCHANGE CONTROLS: A BRIEF REVIEW The recent debate around capital controls and exchange controls has been confusing, but capital controls would be expected to play a role in a progressive economy. BASIC INCOME AS COMMON DIVIDENDS: PILOTING A Basic Income as Common Dividends: Piloting a Transformative Policy Guy Standing A Report for the Shadow Chancellor of the Exchequer BasicIncome as Common
BLOG • THE PROGRESSIVE ECONOMY FORUM In the past few months, a global campaign has grown in favour of suspending the IP protection for Covid vaccines during the pandemic. Over 100 countries have joined the campaign, with a prominent roleplayed by India.
PROJECTS • THE PROGRESSIVE ECONOMY FORUM You can find a list of our ongoing projects below. To see our publications, please go to our Library. To see commentary from the Progressive Economy Forum on current affairs and policy, see our blog. PUBLICATIONS • THE PROGRESSIVE ECONOMY FORUM Our publications include accessible informational and training materials on economics, technical briefings on key issues, and policy proposals from our Council. You can sign up to our updates mailing list here and you can read our review of 2018-19 here. MORE VACCINES, MORE VACANCIES, BUT TROUBLE AHEAD • THE Early reports suggest that the reopening of indoor hospitality in England has driven a hiring surge as employers try to meet the expected demand across the sector. Job search website Adzuna has reported a trebling in the advertised vacancies since March but the impact of unlocking – and a much-anticipated surge in consumer spending – More vaccines, more vacancies, but trouble ahead COUNCIL MEMBERS • THE PROGRESSIVE ECONOMY FORUM Josh Ryan-Collins. Head of Finance and Macroeconomics at the UCL Institute for Innovation and Public Purpose. COVID-19 AND THE NOAH’S ARK PROBLEM • THE PROGRESSIVE One of the things the COVID-19 lock up got me thinking about was Noah’s Ark. Remember the original: God vowed to destroy mankind with a great flood because of its wickedness, but told Noah and his family to self-isolate themselves in an ark – a substantial building with three stories – with enough food for a long stay; to bring in two specimens of every living and creeping thing; and to LAUNCH OF PEF'S NEW BOOK THE RETURN OF THE STATE • THE See the discussion with a distinguished panel talking about the issues raised by PEF’s new book , The Return of the State – Restructuring Britain for the Common Good CAPITAL CONTROLS VS EXCHANGE CONTROLS: A BRIEF REVIEW The recent debate around capital controls and exchange controls has been confusing, but capital controls would be expected to play a role in a progressive economy. HOW TO INTERPRET UNEMPLOYMENT STATISTICS • THE PROGRESSIVE This is what we would expect from the transformation of the UK labour market over the last few decades. In the 1960s and 1970s, a fall in unemployment necessarily implied a “tightening” of the labour market: fewer people looking for work and more companies seekingworkers.
THE NATIONAL HEALTH SERVICE Guy Standing, PEF Council member and Professorial Research Associate at SOAS, writes for the PEF blog on the ongoing privatisation of the National Health Service - with private contracts having now risen to9 billion a year.
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The Progressive Economy Forum brings together a council of eminent economists and academics to develop a new macroeconomic programme for the UK. We publish research and policy proposals, run a wide variety of events, and manage a blog featuring authoritative analysis of current issues facing the economyLATEST BLOGS:
LAUNCH OF PEF’S NEW BOOK THE RETURN OF THE STATE Patrick Allen, Miatta Fahnbulleh, Ed Miliband, Martin Sandbu, Robert Skidelsky, Kate Pickett, Will Hutton, Ann Pettifor May 6, 2021LATEST BLOGS:
COLLAPSED EUROPEAN SUPER LEAGUE TYPIFIES TODAY’S RENTIER CAPITALISM Guy Standing April 22, 2021LATEST NEWS
RECORDING OF THE LAUNCH OF OUR BOOK THE RETURN OF THE STATEMay 20, 2021
WHY THE US NEEDS A SUCCESSFUL FEDERAL GREEN BANKMay 6, 2021
PRESS RELEASE – PUBLICATION OF THE RETURN OF THE STATEApril 28, 2021
PEF APPOINTS A DIRECTORApril 20, 2021
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WILL THE BIDEN BOUNCE BE A BLIP OR A NEW DEAL? Guy Standing December 23, 2020 Will the election of Jo Biden lead into a new progressive era? This is a question being asked all over the world. The precariat should lead the revolt to strengthen the backbones of those in positions to develop transformative alternatives. Otherwise the Biden Bounce will be a Blip. ROBERT SKIDELSKY COMMENTS ON THE 2021 BUDGET Robert Skidelsky March 5, 2021 “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 UK BUDGET OFFERED NO VISION FOR SUSTAINABLE ECONOMIC GROWTH Josh Ryan-Collins March 5, 2021 The budget was singularly lacking in ambition when it came to the government’s role in creating a sustainable, inclusive and investment-led recovery. There was no new green stimulus despite the UK facing a £100bn funding gap to reach its net-zero by 2050 target and despite its hosting of the global COP26 climate change summit this November.COUNCIL MEMBERS
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CAROLINA ALVES
Joan Robinson Research Fellow in Heterodox EconomicsWILL HUTTON
Co-chair of the Purposeful Company. Principal Hertford College Oxford 2015- 2020, Co-founder of the Big Innovation CentreFAIZA SHAHEEN
Director of the Centre for Labour and Social Studies (CLASS)DANIELA GABOR
Professor of Economics and Macrofinance at UWE BristolMICHAEL JACOBS
Professorial Fellow, Sheffield Political Economy Research InstitutePATRICK ALLEN
Chair and Founder of PEFANN PETTIFOR
Political economist, author and public speaker.JOHNNA MONTGOMERIE
Reader in International Political Economy at King’s College London STEPHANY GRIFFITH-JONES Financial Markets Director at the Initiative for Policy Dialogue atColumbia University
ROBERT SKIDELSKY
Crossbench peer and Emeritus Professor of Political Economy at WarwickUniversity
DANNY DORLING
Halford Mackinder Professor in Geography at the University of OxfordSIMON WREN-LEWIS
Professor of Economic Policy at the Blavatnik School of GovernmentKATE PICKETT
Professor of Epidemiology at the University of YorkJAN TOPOROWSKI
Professor of Economics and Finance at the School of Oriental andAfrican Studies
JOSH RYAN-COLLINS
Head of Finance and Macroeconomics at the UCL Institute for Innovationand Public Purpose.
STEWART LANSLEY
Visiting fellow at the University of Bristol.HA-JOON CHANG
Faculty of Economics, University of CambridgeSUE KONZELMANN
Reader in Management at Birkbeck, University of LondonGUY STANDING
Labour economist and Professorial Research Associate at SOASSUSAN HIMMELWEIT
Emeritus Professor of Economics at the Open UniversityGEOFF TILY
Senior Economist at the TUCNATALYA NAQVI
Assistant Professor in International Political EconomyCAROLINA ALVES
Joan Robinson Research Fellow in Heterodox EconomicsWILL HUTTON
Co-chair of the Purposeful Company. Principal Hertford College Oxford 2015- 2020, Co-founder of the Big Innovation CentreFAIZA SHAHEEN
Director of the Centre for Labour and Social Studies (CLASS)DANIELA GABOR
Professor of Economics and Macrofinance at UWE BristolMICHAEL JACOBS
Professorial Fellow, Sheffield Political Economy Research InstitutePATRICK ALLEN
Chair and Founder of PEFANN PETTIFOR
Political economist, author and public speaker.JOHNNA MONTGOMERIE
Reader in International Political Economy at King’s College London STEPHANY GRIFFITH-JONES Financial Markets Director at the Initiative for Policy Dialogue atColumbia University
ROBERT SKIDELSKY
Crossbench peer and Emeritus Professor of Political Economy at WarwickUniversity
DANNY DORLING
Halford Mackinder Professor in Geography at the University of OxfordSIMON WREN-LEWIS
Professor of Economic Policy at the Blavatnik School of GovernmentKATE PICKETT
Professor of Epidemiology at the University of YorkJAN TOPOROWSKI
Professor of Economics and Finance at the School of Oriental andAfrican Studies
JOSH RYAN-COLLINS
Head of Finance and Macroeconomics at the UCL Institute for Innovationand Public Purpose.
STEWART LANSLEY
Visiting fellow at the University of Bristol.HA-JOON CHANG
Faculty of Economics, University of CambridgeSUE KONZELMANN
Reader in Management at Birkbeck, University of LondonGUY STANDING
Labour economist and Professorial Research Associate at SOASSUSAN HIMMELWEIT
Emeritus Professor of Economics at the Open UniversityGEOFF TILY
Senior Economist at the TUCNATALYA NAQVI
Assistant Professor in International Political EconomyCAROLINA ALVES
Joan Robinson Research Fellow in Heterodox EconomicsWILL HUTTON
Co-chair of the Purposeful Company. Principal Hertford College Oxford 2015- 2020, Co-founder of the Big Innovation CentreFAIZA SHAHEEN
Director of the Centre for Labour and Social Studies (CLASS)DANIELA GABOR
Professor of Economics and Macrofinance at UWE BristolMICHAEL JACOBS
Professorial Fellow, Sheffield Political Economy Research InstituteNext
PROJECTS
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PUBLIC LECTURE SERIES PEF’s public lecture series aims to improve the public understanding of economics and to develop a new, progressive macroeconomic programme for the 21st century.WORKSHOPS
Our workshop series aims to develop a progressive economic programme and map out a positive alternative to neoliberalism. 100 POLICIES TO END AUSTERITY PEF Council member Dr Johnna Montgomerie is curating 100 Policies to End Austerity, a blog series featuring short, succinct policy proposals from PEF Council members and other thinkers about how we can transform our economy for the better, in partnership with openDemocracy and The Conversation.BUDGET 2018
PEF’s Budget 2018 series brings together members of our Council to analyse the Budget and develop a progressive alternative, including in PEF’s first podcast series. SUBSCRIBE TO OUR NEWSLETTER If you’d like to know about our upcoming events and when we will be releasing new reports and publications, subscribe to our newsletter and be the first to know.Subscribe
LATEST ARTICLES
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OECD FORECASTS UNEVEN RECOVERY BUT MASSIVE GLOBAL VACCINATION DRIVENEEDED
James Meadway June 1, 2021 MORE VACCINES, MORE VACANCIES, BUT TROUBLE AHEAD James Meadway May 17, 2021 A SHRINKING ECONOMY IN THE FIRST QUARTER, BUT THE SUMMER SUGAR RUSHIS COMING
James Meadway May 12, 2021 WHY WE SHOULD SUPPORT THE VACCINE WAIVER Guy Standing May 11, 2021 WHY GOVERNMENT DEBTS AND DEFICITS AREN’T THE REAL ECONOMIC WORRY James Meadway May 4, 2021 COLLAPSED EUROPEAN SUPER LEAGUE TYPIFIES TODAY’S RENTIER CAPITALISM Guy Standing April 22, 2021 ROBERT SKIDELSKY – BRITAIN’S BENEFIT MADNESS Robert Skidelsky April 22, 2021 PEF PUBLISHES BLUE PRINT FOR THE POST-COVID ECONOMY ON 29TH APRIL2021
Patrick Allen April 14, 2021 WILL HUTTON – A CHARTER FOR WORK Will Hutton April 4, 2021 THE UK BUDGET OFFERED NO VISION FOR SUSTAINABLE ECONOMIC GROWTH Josh Ryan-Collins March 5, 2021 ROBERT SKIDELSKY COMMENTS ON THE 2021 BUDGET Robert Skidelsky March 5, 2021 WILL THE BIDEN BOUNCE BE A BLIP OR A NEW DEAL? Guy Standing December 23, 2020CONTACT US:
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