‘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 ...

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.

May 2023. The UK economy struggles along, shedding another 0.1% of GDP. The 'size' of the economy, measured as GDP, is a fraction (0.7% to be precise) greater than in May 2019, 4 long years ago. It's ...

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, ...

Our new research report looks at a wide range of issues - workforce size, economically active/inactive, employees/self-employed, full/ part-time workers. It also examines data on developments in ...

The current health crisis has similarities to the Great Recession of 2008-2009, though fundamentally different. The crisis ten years ago resulted from collapse of financial institutions, a purely ...

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 ...