Finance

Articles

Go West

The developed world’s delivery on commitments to help pull the poorest countries out of their tailspin into destitution is arguably as crucial as it is unlikely. Niko Humalisto suggests reflection.

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Helping hand outs

Tom Neumark shares the value of giving where terms and conditions don’t apply. Having recently gone blind, Beatrice was not able to see her grandson’s diarrhoea on the packed-dirt floor

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Too Big to Succeed?

Is a coalition of more than 500 financial firms fit to race against climate change? Willy Diddens looks at the form. In April 2021, the UN Special Envoy on Climate

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All or nothing

Environmental, Social and Governance thinks it’s an adjective but tries to be a noun. Jason Miklian and John E. Katsos explain why it means so much more. Or less. Joe

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The Alchemy of value

An excerpt from Serious Money: walking plutocratic London by Caroline Knowles Quant seems apprehensive as he arrives at the trendy east London Shoreditch bar, Looking Glass, where I am waiting,

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Farming carbon

Dr Mandy Stoker tells how captured carbon is neither black gold nor a guaranteed green deal. The 5,000 trees we planted seven years ago are bursting into leaf. They have

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Roadblock or drive-through?

Canada’s bid to protect its democracy by corralling informal funding groups could have unintended outcomes counter to its aims. James Patriquin and Caroline Shenaz Hossein explain. Between 28 January and

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David never beats Goliath

The economic impact of war in Ukraine will tighten the screw on people who have endured assault for decades under a lauded financial regime, says Grimot Nane. Russia’s invasion of

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Pensions get the green-lite

Why better pensions help the climate – Bruno Bonizzi explains. In October 2021, two UK-based academics, Dr Neil Davies and Dr Ewan McGaughey, issued proceedings against the directors of the

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Where is credit due?

Nick Bernards looks at financial solutions to poverty and their remarkable durability.  In 2019, World Bank vice president for equitable growth, finance and institutions, Ceyla Pazarbasioglu, sang the virtues of

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Three steps out of a fix

Rick Rowden offers a trio of measures to overhaul a creaking global financial system Thanks to the historically ambitious scale of their fiscal and monetary policies, most of the rich

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Having it all

Could private funding actually benefit nature? Henry Leveson-Gower proposes a cooperative approach. Since the 80s environmental economists have been putting monetary values on nature so they get “counted”. Now they

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Cash crops

Henry Leveson-Gower looks at how local food currencies might bear fruit. Our food system is deeply dysfunctional.  Economic forces drive it to deliver unhealthy food, while trashing the environment so

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Who will save the world?

Raj Thamotheram is, in theory, betting on pension funds. Covid has transformed global politics and the Omicron variant has caused markets to tumble. Meanwhile COP26 failed to address, adequately, the

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A green light

Mark Davis introduces a local investment vehicle that he says could help local communities achieve Net Zero. Two-thirds of UK councils have declared a Climate Emergency. They have set ambitious

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Lose change 

There’s a digital revolution in money on the way. Barry James reports. A major new disruption to global monetary systems, perhaps the greatest yet, is moving in fast from left

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Deforestation: the route away

Without robust due diligence, financial institutions will continue to fund soy-driven deforestation. By Daniel Jones. Late last year, the UK government announced “world-leading new measures” to protect rainforests. Enshrined in

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Bank Job

Five years ago my wife and I were struggling as artist / filmmaker duo, writes Daniel Edelstyn.   We felt called to do important work and make a contribution to

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Dependency issues

Coming out of the pandemic crisis will be a difficult political and economic balancing act for the Eurozone. And Germany stands to topple, says Dirk Ehnts. The Eurozone is a

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Follow the money

Self-styled comedian and economist, Susie Steed, tells how her guided walk around the City turned into a tour of the British Empire. I never set out to run a tour

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Pot look

Problems with pensions exhibit the same concerns that drive our inability to tackle the environmental crisis and other great societal issues. We need to recognise uncomfortable truths and meaningfully support

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Saint Mark’s square roots

An excerpt from The Venetian Files – a novel by Izaias Almada and Matheus Graselli. September 12-14, 2008: New York City, USA Hank Paulson managed to get Alistair Darling on

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Financing a just transition

Nick Robins looks at why investors need to connect climate action with social justice. According to the International Renewable Energy Agency (IRENA), extra investment in clean energy could save the

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Home Truths

Government spending that is not investment is like continual partying and drinking. Tanweer Ali tells how austerity was sold as common sense. In the early days of David Cameron’s coalition

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Interviews

Bad grammar?

British academic, and ecological economist, based in Vienna, Clive Spash, was one of the few expert voices who openly and scathingly criticised the recent Dasgupta Review.  The  600-page review by

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A new class act

Douglas Eger is an environmentalist and a serial entrepreneur.  He is looking to bring together these two strands of his career in a new venture to create a new asset

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The biggest issue

Professor Jane D’Arista’s broad and deep expertise spans monetary policy and regulation.  Rick Rowden asked her some large-scale questions about the global economy for The Mint. The Mint:      What are your

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Theoretically speaking

Randy Wray was one of the finalists for our #NotTheNobel prize in October and is one of the world’s leading advocates of Modern Monetary Theory (MMT). It might sound like

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Decisions, Decisions

Lamy: the possibilities of digital simulation struck “a visceral chord.” Artificial intelligence could guide decisions from the political to the personal, if people would seize the opportunities on offer. The Mint talks to Dahlia Lamy, who says the

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The only way is ethics

Pettifor: “Private authority can’t fully be trusted to uphold contracts.” Trust and compliance with regulation are not familiar virtues in the world of global finance according to Ann Pettifor. She

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Three Years and Counting

Bête noir to established economists Steve Keen tells the Mint why Brexit ended a stupid policy but the government line on trade agreements is nonsense and an economic zombie apocalypse

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News

Columns

Paradigm Shift

Our collective memories of the lessons learned from wars and crises past have faded. Frances Coppola looks for future guidance. The longer our financial and economic system goes without a

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Pecked to death

Frances Coppola on the power of salacious rumour. On Friday 10th March, a bank died. Silicon Valley Bank’s sudden failure sent shockwaves across the world. How could an apparently sound

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From bank vaults to the crypt

The Coppola column Crypto currencies are dead. Long live the crypto currency? The crypto industry has had a terrible year. The prices of cryptocurrencies have crashed and major crypto companies

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Ground control

Control of land has been a key driver of wealth, power and conflict for most of human history.  The industrial revolution changed all that as power shifted from landowners to

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Defunding the past

The time has come to pucker up and give Trump a kiss. Our collective sanity is being assailed by an unrelenting locust-swarm media and the groaning end of a socioeconomic

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Banking off road

Don’t consult the map while making a handbrake turn. What an unreality of a year so far. Society has done a handbrake turn and we are hurtling in an unmapped

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Mutual Understanding

Tony Greenham left the world of thinktanks and discussion on new economics in 2018 to get his hands dirty in doing it for real. He is now leading a project

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The Teller’s Tale

John Kay in an interview last year for The Mint, singled out Handelsbanken as a ray of hope in the banking world. According to Kay, it “had grown quite rapidly

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Credit Where Credit’s Due

Who gets to borrow at a fair rate is a pernicious inequality. It’s funny how, despite overt concerns, affluent people always find ways to keep the poor apart from them: 

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The children are the future

Babysitting comes with great responsibility. Lehman.  I can’t seem to escape the constant harking on the significance of the failure of Lehman. There is even a play about the Lehman

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Real Gone Cat

What state are we in? Like the cat in Schrödinger’s famous quantum thought experiment we can’t know whether we are dead or alive as we await the writing of definitive

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Books

The Parasite that is consuming the World

Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises (2023), by Marjorie Kelly with foreword by Edgar Villanueva. Published by Berrett-Koehler Publishers, ISBN 9781523004775.

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Gone for broke

The Lords of Easy Money: How the Federal Reserve Broke the American Economy by Christopher Leonard. Review by Guy Dauncey Every healthy economy has a financial immune system to protect

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Financial Inclusion

From the publisher: Should the public play a greater role within the financial system? Decisions about money are a part of our everyday lives. Supporters promote financial inclusion as a

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Seeking Virtue in Finance

From the publisher: Since the Global Financial Crisis, a surge of interest in the use of finance as a tool to address social and economic problems suggests the potential for

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A cross-field punt

A novelist and a mathematician have combined forces to produce a fictional account of the Lehman Brothers’ crash that injects life into soulless corners of financial teaching reading lists. Review

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A World Without Work

From the Publisher: New technologies have always provoked panic about workers being replaced by machines. In the past, such fears have been misplaced, and many economists maintain that they remain

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Mutant Neoliberalism

From the Publisher: Tales of neoliberalism’s death are serially overstated. Following the financial crisis of 2008, neoliberalism was proclaimed a “zombie,” a disgraced ideology that staggered on like an undead

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Event Recordings

Sabotage and Covid-19

Financial malpractice, we’re told, is an aberration: the actions of a few bad apples deviating from the norms of a market-governed process and gaming the system. Anastasia Nesvetailova and Ronen

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