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Free Universities! By Molly Scott Cato
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The government claims that massive increases in student fees are needed to help eliminate the budget deficit this Parliament. Yet because of the student loans system, the effect on the deficit will... More > be minimal. In this provocative paper, Molly Scott Cato argues that there are wider motives behind the increasing marketisation of the higher education system, and drawing on experience in a number of other countries, argues that there are alternatives which would do much less damage to the basic ideals of higher education.< Less
Local Liquidity By Molly Scott Cato
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All across the world local communities are starting their own currencies to counter the problems caused by the financial crisis and the misallocation of money towards the gambling circuits of the... More > casino economy and away from local economies. Molly Scott Cato frames the post-2008 financial crisis in terms of the failure of effective demand. Quantitative Easing has not only increased inequality, as indicated recently by the Bank of England, but has also created only ineffective demand. The report includes an authoritative account of the different types of local money that are in circulation across the world from Germany's hugely successful Chiemgauer to the currency issued by Banco Palmas in Brazil and Rotterdam's Nu-Spaarpas.< Less
The Paradox of Green Keynesianism By Molly Scott Cato
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The main Green response to the economic crisis has been Green Keynesianism, as exemplified by various proposals for a Green New Deal. In this provocative report Molly Scott Cato explores the... More > paradoxes inherent in a Keynesian approach, and reminds us that Keynes' own commitment to the 'money-motive' was highly qualified. In particular she suggests four alternative practical policy approaches, which draw on Keynesianism but within a genuinely sustainable framework.< Less
‘Can’t Pay, Won’t Pay: Debt, the Myth of Austerity and the Failure of Green Investment’ By Molly Scott Cato
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This report presents a liberating idea: the idea that we are not burdened down with unpayable debts that presage a decade of low growth, hard work and a miserable existence. Rather we live in a rich... More > and vibrant society but one which is disfigured by an exploitative and iniquitous financial system. Green economist Molly Scott Cato argues that as a society, we need to face our debts head on and make an intelligent political decision about what to do about them, and that the decision to prioritise the repayment of debts no matter what the cost to public services is a political rather than an economic decision.< Less