Where the EU investment agenda comes from and how to boost it? Raising the banner of investment has been the most important development of 2014 for European policy. Clearly, Europe needs a better ...

Almost all necessities are high carbon, while most ‘luxuries’ emit lower than average GHGs. What are the policy implications? It will not be possible for the rich world to combat climate change, ...

This e-publication comprises a set of five lectures given by Karl Polanyi in 1940 at Bennington College, Vermont. The first three briefly prefigure the main themes of his major work, “The Great ...

Fiscal consolidation does not ‘slash’ the debt, but contributes to it. As the extent of economic recovery becomes increasingly uncertain Prof. Chick and Pettifor examine a century’s worth of ...

In this latest PRIME publication, Geoff Tily argues that parallels between events in Greece today and Germany in the 1920s go much further than commonly understood, and the policy implications are ...

In this review, Pettifor and Tily argue that Piketty’s determinism (which suggests that inequality will continue to rise indefinitely and that interest and growth are on a preordained trajectory) ...

For a century and a half after its defeat in the Napoleonic Wars Spain lay in the shadow of Britain’s Empire and its industrial revolution. Like many other parts of the world, notably East Asia and ...

Taken from his lecture at the Capital Divided? Conference at City Perc in November 2014, Tily argues that Keynes’s goal was high employment founded on a high level of domestic activity. “Growth” was a ...

Reinforcing the case made in the Prime publication ‘The Economic Consequences of Mr Osborne’ in 2010, this study examines the impact of government stance on public debt for eleven OECD countries from ...

This paper examines how the notion that Keynes took money as exogenous in the General Theory has proved so durable in the post-Keynesian paradigm. This durability is despite post-Keynesians regarding ...

An appeal to the Bank of England: The ‘rate of interest’ has not been low. Financial liberalisation led to a steep increase the complex of interest rates for all kinds of borrowing, long and short, ...

This paper was first published in July 2010, and revised in February 2011. This new edition (March 2016) includes a preface by the authors to the 2011 paper in which they look at how their analysis ...