‘I know of only three people who really understand money. A professor at another university; one of my students; and a rather junior clerk at the Bank of England.’ Attributed to Keynes [1] In a recent ...

In the latest Prime Publication, The National Accounts, GDP and 'The Growthmen', Geoff Tily reviews GDP: A Brief But Affectionate History by Diane Coyle (2013). Tily asks, when and how did GDP growth ...

The current false “truth” endlessly repeated by those who would benefit from its propagation, and by those who should know better, is that Labour governments are fiscally profligate and/or incompetent ...

Professor Victoria Chick, Ann Pettifor and Geoff Tily have updated their July 2010 publication 'The Economic Consequences of Mr Osborne' with a new preface - Mr Osborne and the economists' advice.

The EREP network – Economists for Rational Economic Policies – has published its Review of the UK Economy in 2015, with a series of short articles focusing on different aspects. The Review argues ...

As part of this series celebrating PRIME's tenth anniversary, we are looking forward to the next ten years. This contribution by Laurie Macfarlane, looks at the future role of the state."In the UK, ...

Kaye Wiggins in the Financial Times explains that private equity groups, including Blackrock, deliberately inflate the value of their own assets – by buying and then selling said assets to themselves.

PRIME was established ten years ago because ‘mainstream’ economic theory proved of almost no relevance to the chronic failure of the global economy and gravest threat facing us all: climate breakdfown ...

The typical mortgage, including its interest charges ends up exceeding the value that the property seller received. As a result of compound interest, the mortgage debt is repaid several times to the ...

I have been criticised by among others, Professor Simon Wren-Lewis, for the earlier blog criticising the economics profession. To bolster my case, am sharing here ex-governor of the Bank of England, ...

The Daily Mail shrieks at us today: “Tories claim Labour wants to drop a spending bomb of unfunded promises worth £45 BILLION that would wreck the economy and hit national security”. The story is ...

PRIME has from its launch 10 years ago aimed to rethink economic theory to take on board the ecological crisis and its human impacts. In this article, Ian Gough argues that a more radical agenda is ...