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 ...

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 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, ...

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 ...

By Michael Hudson, with Dirk Bezemer, Steve Keen and Sabri Öncü . This article first appeared in Naked Capitalism on 10th April 2020. Summary . After being attacked by monetarists and others for many ...

Taking the big picture, we can say for sure that those doing very well out of our generally stagnant economy are overwhelmingly in the business service sectors, whose average pay – which was already ...

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, ...

Over the last week, we have posted the autumn 1940 series of Karl Polanyi's lectures as individual posts. Since they were always intended to be taken together, we have also compiled them as a single ...

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 ...

Editors’ note: This week PRIME is publishing the set of five lectures given by Karl Polanyi in autumn 1940 at Bennington College, Vermont, entitled “The Present Age of Transformation”. The lectures ...

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 ...