mastodon 4.7.2Substack: SystemChange. Author: The Case for the GND (2019); The Production of Money (2017); The Coming First World Debt Crisis (2006). Member Scottish Government's Just Transition Commission.
Very sad to hear of the passing of the remarkable Prof. Victoria Chick, a brilliant macroeconomic and monetary theorist - who helped restore Keynes's monetary theory to its rightful place in the economic canon. Prof. Chick helped found Policy Research in Macroeconomics (PRIME). She drafted our foundational text: to "Restore the use of macroeconomic theory to its proper place, i.e. the analysis of macroeconomic conditions."
The government is lying to us. It CAN afford to increase pay for public sector workers. Instead the Conservatives prefer class war. By Jeremy Smith of @Primeeconomics.org https://www.primeeconomics.org/articles/settling-the-public-sector-pay-disputes-now-modest-cost-big-benefits/
My latest post on System Change... https://open.substack.com/pub/annpettifor/p/can-fund-managers-be-trusted-with?r=nle0&utm_medium=ios&utm_campaign=post
Will Spending on Nurses Disrupt Market? By yours truly....https://twitter.com/henkdevo/status/1610199095804628992?s=12&t=2AKbpuxN2U2Vq1dw0M_7ng
We at PRIME have been guided by Prof. Chick's knowledge of monetary theory and of Keynes, and like her "We reject outright the method of drawing macroeconomic conclusions from microeconomic reasoning." https://www.primeeconomics.org/about/
Great post on inflation by Claudia Sahm.. channelling Olivier Blanchard..https://twitter.com/annpettifor/status/1610021412466475010?s=12&t=FHE8jvR-vr0K7CeRg__Syw
Boss of South African power producer Eskom survived poisoning attempt in December https://on.ft.com/3jWNlk6
BlackRock extends block on UK property fund redemptions https://on.ft.com/3X3zxme Z
A new world energy order is taking shape https://on.ft.com/3CihyjK
Apple’s market value falls below $2tn as tech rout hits iPhone maker https://on.ft.com/3vyrGBh
UK needs ‘war effort’ to cut energy bills and carbon emissions, say MPs - as we - the GND group - argued back in 2008.... https://on.ft.com/3vPtvKi
"Shareholders backing the new resolution have a collective $2.2tn under management and include LGIM, HSBC, Vision Super and the Swiss-based Ethos Foundation, representing pension funds Pensionskasse Post and Bernische Pensionskasse." Glencore shareholders demand more clarity on coal plans https://on.ft.com/3WOo3TP
Dreams of Green Hydrogen... in Africa. https://www.bostonreview.net/articles/dreams-of-green-hydrogen/
Biden inches towards war with Iran... https://twitter.com/defconwsalerts/status/1609997206723129344?s=12&t=FHE8jvR-vr0K7CeRg__Syw