◉ PSYCHOHISTORY

New Economics Foundation

institutionMoney & Finance
A London think tank proposed a body to decide where new money goes, not just how much is made.
Who they are

The New Economics Foundation (NEF), a London think tank[1].

What they do

It proposed a body to decide where money created by the Bank of England should go.

How it works

In 2013, NEF proposed a body to decide not how much money the Bank of England creates, but where it goes. That body became the Monetary Allocation Committee. NEF also published the textbook explaining the theory Positive Money formed around. The same researcher published through NEF, Positive Money, UCL, and the Fabian Society. NEF was born in the UK in 1986, after the formation of TOES.

Why it matters

It shows how a think tank can shape who decides where new money goes.

The engine's record — word for word
The corpus records: "In 2013, a London think tank called the New Economics Foundation proposed a body to decide not how much money the Bank of England creates, but where it goes." Cross-sourced to dph.ritimo.org, naturefinance.net — documents cited by the corpus and retrieved independently of it.
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