James Anderson: The era of modern monetary theory has arrived

Stimulus the end of 40 years of 'neo-liberalism'

David Brenchley
James Anderson of Baillie Gifford

James Anderson of Baillie Gifford

Dramatic Government intervention post-Covid-19 in the form of aggressive fiscal stimulus will herald the end of 40 years of so-called 'neo-liberalism', as well as the "entire history of orthodox financial thought back to Adam Smith", according to Baillie Gifford's James Anderson.

Governments have followed central banks in attempting to protect their economies and workers as the coronavirus pandemic has seen most economic activity cease as a result of worldwide lockdowns. In...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Economics

Thomas Coughlin of Kinesis Money

Fool me twice: The lessons we are yet to learn in the 100 years since Weimar hyperinflation

Need to recognise inherent flaws in current system

Thomas Coughlin
clock 22 October 2021 • 3 min read
The bank has pushed back against claims it may offload its asset management arm

State Street disavows claims of asset management sale - reports

Sparked by Invesco rumours

James Baxter-Derrington
clock 22 October 2021 • 1 min read
BoE in an "uncomfortable" place over UK inflation

BoE chief economist warns UK inflation could hit 5% - reports

A 'very uncomfortable' place for a central bank

clock 22 October 2021 • 1 min read