New Economics Foundation
A London progressive think tank, founded in 1986, whose researchers produced two books central to this wiki's land-money synthesis: Where Does Money Come From? (2011) on bank money creation, and Rethinking the Economics of Land and Housing (2017) on the land-credit feedback loop.
Overview
The New Economics Foundation (NEF) is a London-based progressive think tank founded in 1986 by the organisers of The Other Economic Summit (TOES), a counter-conference held alongside the G7, with the goal of promoting an economic model built around social justice and environmental sustainability rather than GDP growth alone.[1] NEF produces research, policy proposals, and public campaigns across finance, wellbeing, and economic reform, and gained wider recognition for launching the Happy Planet Index, an alternative to GDP that weights wellbeing against ecological footprint.[1]
NEF is the institutional home of two books central to this wiki's synthesis of land and monetary economics. Where Does Money Come From? A Guide to the UK Monetary and Banking System (2011), by NEF researchers Josh Ryan-Collins and Tony Greenham together with Richard Werner and Andrew Jackson, set out how commercial banks — not central banks — create most of the money supply as a byproduct of lending, feeding directly into this wiki's bank money creation concept.[2] Rethinking the Economics of Land and Housing (2017), co-authored by NEF researchers Josh Ryan-Collins and Laurie Macfarlane with Toby Lloyd, was co-published with NEF and extended that monetary analysis into the land-credit feedback loop between mortgage lending and land prices that drives the modern housing crisis.[3] NEF also commissioned and published Joseph Huber and James Robertson's earlier Creating New Money: A Monetary Reform for the Information Age (2000), the foundational statement of the "sovereign money" / seigniorage reform case that Positive Money later took up as a campaign — a report that explicitly models its "value of common resources should be shared" principle on Georgist land-rent thinking and cites Mason Gaffney directly.[4]
See Also
- Bank Money Creation — the concept anchored by NEF's Where Does Money Come From?
- Rethinking the Economics of Land and Housing (book page) — the NEF-linked book on land, credit, and the housing crisis
- Josh Ryan-Collins · Laurie Macfarlane — NEF researchers who co-authored both books
- Positive Money — a separate UK monetary-reform organisation making a parallel argument about bank-created credit and land
- Seigniorage — the reform concept anchored by NEF's Creating New Money
Sources
- "New Economics Foundation," Wikipedia — used for the 1986 founding out of The Other Economic Summit (TOES), the organisation's mission and focus areas, and the Happy Planet Index. en.wikipedia.org/wiki/New_Economics_Foundation
- Josh Ryan-Collins, Tony Greenham, Richard Werner & Andrew Jackson (2011), Where Does Money Come From? A Guide to the UK Monetary and Banking System, New Economics Foundation — used for the authorship, NEF affiliation of Ryan-Collins and Greenham, and the book's core argument that commercial banks create most of the money supply through lending. neweconomics.org/2012/12/where-does-money-come-from · free PDF.
- Josh Ryan-Collins, Toby Lloyd & Laurie Macfarlane (2017), Rethinking the Economics of Land and Housing, Zed Books — used for the NEF co-publishing role and the land-credit feedback thesis. wiki book page.
- Joseph Huber & James Robertson (2000), Creating New Money: A Monetary Reform for the Information Age, New Economics Foundation — used for NEF's commissioning/publishing role and the report's Georgist-adjacent "common resources" framing. wiki summary · free PDF.