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John Weeks


John Weeks is co-ordinator of the London-based Progressive Economy Forum and professor emeritus of the School of Oriental and African Studies. He is author of The Debt Delusion: Living within Our Means and Other Fallacies (2019) and Economics of the 1%: How Mainstream Economics Services the Rich, Obscures Reality and Distorts Policy.

John Weeks

Economic Recovery? Why Eurozone Under-performance Continues

John Weeks 25th August 2015

Prior to the release of growth statistics in the middle of August there was widespread expectation that a sustained eurozone recovery would at last be verified. However, the numbers showed a result familiar to long suffering commuters all over Europe – “we regret that this service is delayed”. This is far from the first such […]

German Vice-Chancellor Says Tsipras Is Threat To “European Order” – And He Is Right

John Weeks 1st July 2015

Faced with a decision that would conflict with its promises to the Greek people no matter what choice it makes, the Syriza government has taken the obvious step required in a democratic society – it will ask its citizens for guidance by holding a referendum. It appears that many commentators on both the left and the […]

This is Recovery? Germany, ‘Powerhouse’ In Need Of A Jump-Start

John Weeks 26th February 2015

The German government has been a strong supporter of austerity programmes, arguing that the associated goals of deficit and debt reduction provide the best, if not the only, route to economic recovery in Europe. Some writers reach back to the hyper-inflation of the 1920s to explain this faith in the virtues of belt-tightening. Recent release […]

Why The Structural Deficit Does Not Exist

John Weeks 5th December 2014

Deficit Politics A few days ago the Italian government objected to the way that putative technocrats at the European Commission calculated their country’s “structural deficit”. To all but the few familiar with the arcane intricacies of the Maastricht Criteria, the Six-Pack and the Two-Pack the objection might seem esoteric at best. However, it has the […]

The EU Recovery That Never Was

John Weeks 15th October 2014

Economic recovery in the Eurozone is not delayed. It is non-existent. The Financial Times for the first day of October carried several articles assessing the European economies, written as if a prize would go to the most pessimistic — stagnation and decline of EU manufacturing, the European Central Bank initiates asset purchases to prevent deflation […]

Inequality is Falling Globally! (And Similar Nonsense)

John Weeks 23rd July 2014

I bet you think that the rich are getting richer and the poor poorer. A few well-known facts might lead you to this conclusion. For example, in the United States income after tax per household is now over 100% greater than forty years ago (1972), while average weekly earnings in the private sector are 14% […]

Why Is Capital In The 21st Century (C21C) Such A Success?

John Weeks 30th May 2014

About a month ago — this is a true story — after a meeting of Economists Against Austerity, I hailed a taxi in Westminster (the workers of the underground system were on strike). During the ensuring discussion with the driver I mentioned that I taught economics at the University of London before retiring. The driver then […]

Chancellors, Fools And The UK Recovery

John Weeks 18th March 2014

I grew up in Texas where state and local judges are elected, not unusual in the United States. In most states minimum legal qualifications are required for a person to stand for judge. Not so in Texas, where we had the saying: in some places you need a law degree to run for judge, but […]

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WSI Minimum Wage Report 2025

The trend towards significant nominal minimum wage increases is continuing this year. In view of falling inflation rates, this translates into a sizeable increase in purchasing power for minimum wage earners in most European countries. The background to this is the implementation of the European Minimum Wage Directive, which has led to a reorientation of minimum wage policy in many countries and is thus boosting the dynamics of minimum wages. Most EU countries are now following the reference values for adequate minimum wages enshrined in the directive, which are 60% of the median wage or 50 % of the average wage. However, for Germany, a structural increase is still necessary to make progress towards an adequate minimum wage.

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In a new Eurofound Talks podcast episode, host Mary McCaughey speaks with Eurofound expert Carlos Vacas Soriano about recent changes to minimum wages in Europe and their implications.

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Spring Issues

The Spring issue of The Progressive Post is out!


Since President Trump’s inauguration, the US – hitherto the cornerstone of Western security – is destabilising the world order it helped to build. The US security umbrella is apparently closing on Europe, Ukraine finds itself less and less protected, and the traditional defender of free trade is now shutting the door to foreign goods, sending stock markets on a rollercoaster. How will the European Union respond to this dramatic landscape change? .


Among this issue’s highlights, we discuss European defence strategies, assess how the US president's recent announcements will impact international trade and explore the risks  and opportunities that algorithms pose for workers.


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