James Anderson: The era of modern monetary theory has arrived

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

David Brenchley
clock • 3 min read

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.

To continue reading this article...

Join Investment Week for free

  • 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
member?

Login

More on Economics

ECB rate hold signals Bank's 'confidence' in the face of rising inflation

ECB rate hold signals Bank's 'confidence' in the face of rising inflation

Inflation rose to 2.2%

Linus Uhlig
clock 30 October 2025 • 1 min read
Fed rate cut 'foregone conclusion'

Fed rate cut 'foregone conclusion'

CME FedWatch Tool

Eve Maddock-Jones
clock 29 October 2025 • 2 min read
IFS urges UK to 'move away from incessant debate' about fiscal headroom

IFS urges UK to 'move away from incessant debate' about fiscal headroom

'Damaging' uncertainty

Linus Uhlig
clock 29 October 2025 • 2 min read
Trustpilot