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Four years on from the financial crisis and the global economy remains deeply unstable. Austerity measures are failing on their own terms, hindering already shaky prospects for economic recovery. The roots of our current problems lie far beyond the credit crunch of 2008 - it is time for a new macroeconomic strategy, one that moves away from focusing on GDP growth and towards an economy that is more equal, provides good jobs, minimises our environmental impact and maximises well-being.

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Publication // March 19, 2014

Economic healthcheck

A return to growth, but no recovery - 5 signs our economy is heading back into dangerous, pre-crash conditions.

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Publication // April 26, 2013

Why we need a new macroeconomic strategy

Austerity policies are failing on their own terms and damaging our fundamentally weak economy. It’s time for a new approach.

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Blog post // August 8, 2012

Including banks in macroeconomic models - finally

The absence of money, debt and banks from the overwhelming majority of “mainstream” economic models has been one of the more pressing criticisms aimed at economists after the financial crisis exploded: how were they supposed to foresee the crisis - or even reach a proper understanding of its mechanisms afterwards - if conventional economic theory didn’t acknowledge the role of banks, nor consider money and debt as influential variables?

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