Jo Michell
@jomichell.bsky.social
Professor of economics at UWE Bristol. Chair of Post-Keynesian Economics Society. Interested in macro, finance, banking, climate change, inequality, demographics.
https://people.uwe.ac.uk/Person/JoMichell
https://people.uwe.ac.uk/Person/JoMichell
Pinned
Estimating the effects of austerity on the labour market: Evidence from Great Britain
Between 2010 and 2019, in response to concern about the public finances, the UK government imposed substantial cuts to public spending. This austerity programme
papers.ssrn.com
New research!
Austerity and the labour market in the UK.
papers.ssrn.com/sol3/papers....
Headline result: austerity reduced wages, increased employment rates, and contributed to weak productivity.
1/n
Austerity and the labour market in the UK.
papers.ssrn.com/sol3/papers....
Headline result: austerity reduced wages, increased employment rates, and contributed to weak productivity.
1/n
Reposted by Jo Michell
Next week we're holding an international research conference on the key economic result that *too much finance is bad* for our economies (and societies). Leading researchers from around the world will share new insights - and start to shift policy narratives...
taxjustice.net/events/too-m...
taxjustice.net/events/too-m...
January 9, 2026 at 6:04 PM
Next week we're holding an international research conference on the key economic result that *too much finance is bad* for our economies (and societies). Leading researchers from around the world will share new insights - and start to shift policy narratives...
taxjustice.net/events/too-m...
taxjustice.net/events/too-m...
Reposted by Jo Michell
/12 If you think it is obvious that the videos prove murder and nobody can say otherwise, your view is based on how you want the system to be, not how it is. It will be brutally hard, fighting inch by inch against what America is, to convict Jonathan Ross. Your feelings don’t enter into it.
January 9, 2026 at 6:56 PM
/12 If you think it is obvious that the videos prove murder and nobody can say otherwise, your view is based on how you want the system to be, not how it is. It will be brutally hard, fighting inch by inch against what America is, to convict Jonathan Ross. Your feelings don’t enter into it.
Reposted by Jo Michell
they didn’t leak it to make the shooter look innocent, but to make the victim look guilty. not guilty of a crime. guilty of having a visibly queer wife. guilty of liberalism. guilty of opposing the regime. they don’t seek to exonerate themselves, only to demonstrate who deserves to die.
In the video that the shooter took, which I believe was leaked to be exculpatory, he appears to yell “fucking bitch” after he shoots Renee Good.
January 9, 2026 at 7:00 PM
they didn’t leak it to make the shooter look innocent, but to make the victim look guilty. not guilty of a crime. guilty of having a visibly queer wife. guilty of liberalism. guilty of opposing the regime. they don’t seek to exonerate themselves, only to demonstrate who deserves to die.
Reposted by Jo Michell
On Monday we will gather in anger, grief & solidarity to remember Renee Nicole Good & the many victims of racist ICE violence - outside the US embassy🕯️
@ukstoptrump.bsky.social @indivisiblelondon.bsky.social @teslatakedownuk.bsky.social @indivisible.org
@ukstoptrump.bsky.social @indivisiblelondon.bsky.social @teslatakedownuk.bsky.social @indivisible.org
January 9, 2026 at 7:19 PM
On Monday we will gather in anger, grief & solidarity to remember Renee Nicole Good & the many victims of racist ICE violence - outside the US embassy🕯️
@ukstoptrump.bsky.social @indivisiblelondon.bsky.social @teslatakedownuk.bsky.social @indivisible.org
@ukstoptrump.bsky.social @indivisiblelondon.bsky.social @teslatakedownuk.bsky.social @indivisible.org
Reposted by Jo Michell
It’s worth asking: what would be too much for these people? What would they not be willing to do, if this is fine. And the answer, realistically, is “nothing, all is terribly possible”.
January 9, 2026 at 9:59 AM
It’s worth asking: what would be too much for these people? What would they not be willing to do, if this is fine. And the answer, realistically, is “nothing, all is terribly possible”.
Graduate economists in the US learning about labour market supply and demand the hard way. www.ft.com/content/eb08...
January 9, 2026 at 10:07 AM
Graduate economists in the US learning about labour market supply and demand the hard way. www.ft.com/content/eb08...
Reposted by Jo Michell
@aidan.skinner.me.uk do you know anything about this outfit: appliku.com ?
It looks like a good option for python web hosting but i wonder if there are gotchas.
It looks like a good option for python web hosting but i wonder if there are gotchas.
Appliku – modern application deployment and management.
Deploy unlimited applications and databases for one monthly price. You push to git, we deploy.
appliku.com
January 8, 2026 at 4:21 PM
@aidan.skinner.me.uk do you know anything about this outfit: appliku.com ?
It looks like a good option for python web hosting but i wonder if there are gotchas.
It looks like a good option for python web hosting but i wonder if there are gotchas.
Reposted by Jo Michell
Just seen Grok putting the body of the victim of the ICE shooting in Minneapolis into a bikini. Digital corpse desecration now available to the public.
January 8, 2026 at 1:30 PM
Just seen Grok putting the body of the victim of the ICE shooting in Minneapolis into a bikini. Digital corpse desecration now available to the public.
Reposted by Jo Michell
I’m not going to lie. I’ve been writing about the War on Terror in its depravity my whole adult life. And the brazen execution of Renee Nicole Good has left me in a state since the moment I watched it.
January 8, 2026 at 1:52 AM
I’m not going to lie. I’ve been writing about the War on Terror in its depravity my whole adult life. And the brazen execution of Renee Nicole Good has left me in a state since the moment I watched it.
Reposted by Jo Michell
Bristol MP says Elon Musk’s X & Grok AI porn site is ‘flagrantly illegal’, & calls on the Govt to stop posting on it.
Full story:
www.bristolpost.co.uk/news/bristol...
Full story:
www.bristolpost.co.uk/news/bristol...
Bristol MP claims Elon Musk's 'AI porn' site X is 'flagrantly illegal'
"The non-consensual sharing of intimate images, including Al-generated ones, is a crime under the Online Safety Act"
www.bristolpost.co.uk
January 8, 2026 at 7:23 AM
Bristol MP says Elon Musk’s X & Grok AI porn site is ‘flagrantly illegal’, & calls on the Govt to stop posting on it.
Full story:
www.bristolpost.co.uk/news/bristol...
Full story:
www.bristolpost.co.uk/news/bristol...
I know that reading Ganesh is just falling for the troll clickbait but seriously? We should be relieved that Trump kidnapped a head of state and is threatening to invade Greenland because it shows he’s just a regular GOP guy?
January 7, 2026 at 8:27 PM
I know that reading Ganesh is just falling for the troll clickbait but seriously? We should be relieved that Trump kidnapped a head of state and is threatening to invade Greenland because it shows he’s just a regular GOP guy?
Reposted by Jo Michell
Mayor Jacob Frey: "They are already trying to spin this as an action of self defense. Having seen the video myself, I want to tell everybody directly that is bullshit."
January 7, 2026 at 6:39 PM
Mayor Jacob Frey: "They are already trying to spin this as an action of self defense. Having seen the video myself, I want to tell everybody directly that is bullshit."
Reposted by Jo Michell
Commons women and equalities committee to stop using X amid AI-altered images row
Commons women and equalities committee to stop using X amid AI-altered images row
Exclusive: Move follows outcry over use of Grok to digitally remove clothing from images of women and children
*
UK politics live – latest updates
The influential Commons women and equalities committee has decided to stop using X after the social media site’s AI tool began generating thousands of digitally-altered images of women and children with their clothes digitally removed.
The move by the cross-party committee to mothball its official X account places renewed pressure on ministers to take decisive action after the site was flooded with images including sexualised and unclothed pictures of children, generated by its AI tool, Grok. Continue reading...
www.theguardian.com
January 7, 2026 at 3:59 PM
Commons women and equalities committee to stop using X amid AI-altered images row
Reposted by Jo Michell
If you want to know what a proper agenda to boost the international role of the #euro could look like, @shahinvallee.bsky.social has written just that. www.phenomenalworld.org/analysis/a-g...
A Global Euro | Phenomenal World
With the global monetary order on less certain ground, will Europeans seize the opportunity to make the euro a true reserve currency issuer?
www.phenomenalworld.org
January 7, 2026 at 1:46 PM
If you want to know what a proper agenda to boost the international role of the #euro could look like, @shahinvallee.bsky.social has written just that. www.phenomenalworld.org/analysis/a-g...
Reposted by Jo Michell
Our paper is out in "Applied Economics Letters". Public investment shocks in EU27 (a) have favourable effects on output (investment multpliers >1) and unemployment (short to medium run); (b) don't crowd out private investment; and (c) don't jeopardise public debt sustainability.
January 7, 2026 at 8:32 AM
Our paper is out in "Applied Economics Letters". Public investment shocks in EU27 (a) have favourable effects on output (investment multpliers >1) and unemployment (short to medium run); (b) don't crowd out private investment; and (c) don't jeopardise public debt sustainability.
Reposted by Jo Michell
I’m not sure “there’s nothing we can do about the sexual abuse image factory ask OfCom” is going to hold much water as a line taken by a government which (a) has a huge majority (b) just passed legislation to regulate what people can access online
Keir Starmer's spokesman tells me that X and Grok's creation of sexual deepfakes of children is "completely unacceptable" but again won't commit to taking direct action against them, or to stop posting there.
Says "all options are on the table" but suggests it's a matter for Ofcom, not Government
Says "all options are on the table" but suggests it's a matter for Ofcom, not Government
January 7, 2026 at 1:29 PM
I’m not sure “there’s nothing we can do about the sexual abuse image factory ask OfCom” is going to hold much water as a line taken by a government which (a) has a huge majority (b) just passed legislation to regulate what people can access online
Oldish paper now (2020) but neat summary table.
Corporate concentration can be ‘good’ or ‘bad’. Which is occurring can be identified using a series of indicators.
Since 2000, these indicators all point to ‘bad’ concentration.
Corporate concentration can be ‘good’ or ‘bad’. Which is occurring can be identified using a series of indicators.
Since 2000, these indicators all point to ‘bad’ concentration.
January 7, 2026 at 1:39 PM
Oldish paper now (2020) but neat summary table.
Corporate concentration can be ‘good’ or ‘bad’. Which is occurring can be identified using a series of indicators.
Since 2000, these indicators all point to ‘bad’ concentration.
Corporate concentration can be ‘good’ or ‘bad’. Which is occurring can be identified using a series of indicators.
Since 2000, these indicators all point to ‘bad’ concentration.
There is nothing about any of this which requires, or is even made more efficient by, blockchain. If you can write code to work with 'tokenised' deposits you can write it to work with normal ones. www.ft.com/content/671a...
January 7, 2026 at 11:07 AM
There is nothing about any of this which requires, or is even made more efficient by, blockchain. If you can write code to work with 'tokenised' deposits you can write it to work with normal ones. www.ft.com/content/671a...
Reposted by Jo Michell
I am extremely confused as to why the UK government and police are saying Grok’s mass-scale CSAM generation is an issue for Ofcom.
This isn’t about X failing to moderate CSAM, which is an Online Safety Act issue. It is about the company and its technology being actively involved in its generation.
This isn’t about X failing to moderate CSAM, which is an Online Safety Act issue. It is about the company and its technology being actively involved in its generation.
January 7, 2026 at 7:37 AM
I am extremely confused as to why the UK government and police are saying Grok’s mass-scale CSAM generation is an issue for Ofcom.
This isn’t about X failing to moderate CSAM, which is an Online Safety Act issue. It is about the company and its technology being actively involved in its generation.
This isn’t about X failing to moderate CSAM, which is an Online Safety Act issue. It is about the company and its technology being actively involved in its generation.
Government policy is driven by the belief that voters dislike both taxes and immigration. Lower immigration (plus racism) is seen as the way to compensate for the political cost of higher taxes. The care sector demonstrates why treating immigration and taxation as independent variables is a mistake.
Sorry but I'm struggling to see why the answer is not to raise taxes. That is how we fund public services.
I'm afraid there *is* an obvious answer: it can't.
January 6, 2026 at 10:13 AM
Government policy is driven by the belief that voters dislike both taxes and immigration. Lower immigration (plus racism) is seen as the way to compensate for the political cost of higher taxes. The care sector demonstrates why treating immigration and taxation as independent variables is a mistake.
Reposted by Jo Michell
New working paper with Thomas Delcey and Alexandre Truc:
“One Sentence at a Time: A Quantitative History of Rationality in Economic Thought”
▶️ osf.io/preprints/so...
We study how rationality changes in economics over the long 20th century using ~290000 journal articles (1900–2009)
#rstats #EconSky
“One Sentence at a Time: A Quantitative History of Rationality in Economic Thought”
▶️ osf.io/preprints/so...
We study how rationality changes in economics over the long 20th century using ~290000 journal articles (1900–2009)
#rstats #EconSky
January 5, 2026 at 8:59 AM
New working paper with Thomas Delcey and Alexandre Truc:
“One Sentence at a Time: A Quantitative History of Rationality in Economic Thought”
▶️ osf.io/preprints/so...
We study how rationality changes in economics over the long 20th century using ~290000 journal articles (1900–2009)
#rstats #EconSky
“One Sentence at a Time: A Quantitative History of Rationality in Economic Thought”
▶️ osf.io/preprints/so...
We study how rationality changes in economics over the long 20th century using ~290000 journal articles (1900–2009)
#rstats #EconSky
Reposted by Jo Michell
"We frequently see the respectful attentions of the world more strongly directed towards the rich and the great, than towards the wise and the virtuous. We see frequently the vices and follies of the powerful much less despised than the poverty and weakness of the innocent" - Adam Smith.
January 4, 2026 at 11:47 AM
"We frequently see the respectful attentions of the world more strongly directed towards the rich and the great, than towards the wise and the virtuous. We see frequently the vices and follies of the powerful much less despised than the poverty and weakness of the innocent" - Adam Smith.
January 4, 2026 at 10:48 AM
Reposted by Jo Michell
Ex-Meta chief AI scientist Yann LeCun has Lunch with the FT and in one of those instances so rare that you know he didn't sign an NDA, says exactly why as.ft.com/r/e503690d-8...
January 2, 2026 at 1:32 PM
Ex-Meta chief AI scientist Yann LeCun has Lunch with the FT and in one of those instances so rare that you know he didn't sign an NDA, says exactly why as.ft.com/r/e503690d-8...