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Michael Jacobs

Professorial Fellow, Sheffield Political Economy Research Institute (SPERI), University of Sheffield
Michael Jacobs was appointed as professorial research fellow at SPERI (the Sheffield Political Economy Research Institute) in 2018. An environmental economist by background, his research now focuses on wider paradigm shifts in economic thought and policy, and the philosophical bases of economics and political economy.

Michael’s early career was as a community worker and adult educator. He later worked as a consultant in local economic development and environmental management. During this time he published his first book, The Green Economy: Environment, Sustainable Development and the Politics of the Future (1991).

Michael subsequently took up an ESRC research fellowship in environmental economics and philosophy at the Study of Environmental Change at Lancaster University, and later in the Geography Department at the LSE. From 1997 to 2003 he headed the think tank the Fabian Society. He then became a member of the Council of Economic Advisers at the Treasury (2004-7) and a special adviser to the Prime Minister (2007-10) with responsibility for energy, environmental and climate change policy. From 2010-15 he worked as an adviser on international climate change strategy for the UN, national governments, NGOs and philanthropic foundations in the run up to the Paris climate conference. From 2012-14 he was co-editor of The Political Quarterly. From 2016-18 he was Director of the IPPR Commission on Economic Justice, and lead author of its final report Prosperity and Justice: A Plan for the New Economy (2018).

Central Banking Series

The latest Bank of England rate rise won't do much to tackle inflation - here's what could work

Jun 21, 2022 22:54 pm UTC| Economy Central Banks

There wasnt much dramatic tension as markets waited for the Bank of Englands latest decision on interest rates. The fifth monthly quarter-point hike in a row was largely expected, taking the base rate to 1.25% in June...

Economy

U.S. Economy Grows Faster Than Expected in Q2, Inflation Pressures Easing

The U.S. economy expanded faster than anticipated in the second quarter, with a 2.8% annualized growth rate driven by robust consumer spending and business investment. Inflation pressures eased, supporting expectations for...

China Central Bank Surprises Markets with Second Unscheduled Rate Cut This Week

Chinas central bank surprised markets again this week with an unscheduled rate cut, issuing 200 billion yuan in one-year loans at significantly lower rates to stimulate the economy and address sharp stock market...

Turkey Terminates Saudi Deposit, Reflects Growing Economic Confidence

On July 24, Turkeys central bank announced it terminated a $5 billion deposit transaction with Saudi Arabia, signaling increased confidence in rebuilding foreign exchange reserves independently. The move reflects Turkeys...

Japan's Factory Activity Declines in July, but Service Sector Sees Significant Growth

Japans factory activity contracted slightly in July as output and new orders fell, according to a business survey. However, the service sectors expansion led to overall growth in the private sector, with the au Jibun Bank...

China Cuts Interest Rates to Boost Economy Amid Growth Concerns

On July 22, China, the worlds second-largest economy, enacted unexpected interest rate cuts to stimulate its sluggish, debt-laden economy. The Peoples Bank of China lowered key rates by 10 basis points following...

Politics

Kamala Harris Surges as Working Families Party Nominee, Boosting 2024 Campaign Against Donald Trump

Vice President Kamala Harriss 2024 presidential campaign received a significant boost as the Working Families Party (WFP) officially nominated her, ensuring a strategic ballot line in New York and broad organizational...

FBI Confirms Bullet Struck Donald Trump During Assassination Attempt, Ending Speculation

The FBI confirmed late Friday that former President Donald Trump was indeed struck by a bullet during the assassination attempt on July 13, resolving earlier uncertainties about the incident. This update followed Trumps...

DNC Revamps Nominating Process as Kamala Harris Rises to Prominence

The Democratic National Committee (DNC) is set to conduct a virtual roll call vote to select the partys 2024 presidential nominee ahead of the convention in Chicago. This procedural change reflects the rapid momentum...

Donald Trump Refuses to Debate Kamala Harris, Suggests Democrats Might Change Nominee

Former President Donald Trump has announced that he will not commit to any debates with Vice President Kamala Harris at this time, suggesting that the Democratic Party might still change its nominee for the upcoming...

Melania Trump's Upcoming Memoir Faces Backlash: Critics Slam It as a 'Cash Grab'

Melania Trumps anticipated memoir, Melania, has ignited a storm of criticism even before its fall 2024 release. The former First Ladys book, now available for preorder on her website with prices ranging from $40 to $150,...

Science

SpaceX Falcon 9 Ready to Fly Again Saturday After Resolving Engine Anomaly

SpaceX is set to relaunch its Falcon 9 rocket on Saturday (July 26) after a rare flight anomaly earlier this month. The company identified and fixed an engine issue, ensuring the rockets safety and readiness for its next...

SpaceX Reports 50,000 Collision-Avoidance Maneuvers by Starlink Satellites in Six Months

SpaceXs recent report indicates Starlink satellites executed 50,000 collision-avoidance maneuvers from December 2023 to May 2024, reflecting increasing traffic in orbit and raising concerns about potential...

SpaceX Unveils Design for ISS Deorbit Vehicle Using Dragon Heritage Hardware

NASAs decision to entrust SpaceX with constructing the ISS deorbit vehicle marks a significant milestone in space technology. SpaceX recently revealed a rendering of the car based on its Dragon spacecraft, which features...

SpaceX Completes Heat Shield Upgrade for Starship Ahead of Critical Flight 5 Test

SpaceX has completed a significant heat shield upgrade for Starship ahead of its fifth test flight. The upgrade aims to improve reentry safety following the issues from the fourth flight. A critical static fire test is...

SpaceX's New EVA Spacesuits Pass Testing for Historic Commercial Spacewalk

SpaceX has finalized acceptance testing of its new EVA spacesuits, marking a significant milestone for the Polaris Program. The suits will facilitate the first commercial spacewalk, led by entrepreneur Jared Isaacman,...

Technology

Bitcoin to Hit $13M! Michael Saylor's Bold Forecast at Bitcoin 2024 Stuns Audience

MicroStrategy co-founder Michael Saylor stunned the Bitcoin 2024 audience with a prediction that Bitcoins price will hit $13 million per coin by 2045. Bold BTC Predictions for 2045 Michael Saylor, a vocal co-founder...

Bitcoin Climbs to $67K: 75% of Short-Term Holders in Profit

Bitcoin has surged to $67,000, placing over 75% of short-term holders in profit and suggesting further bullish momentum. With three-quarters of short-term Bitcoin holders now turning a profit, the cryptocurrency could...

WhatsApp Hits 100 Million Monthly Users in the US, Bridging iPhone and Android Gap

WhatsApp has reached 100 million monthly active users in the United States, marking significant growth in a market dominated by Apples iMessage and traditional texting. This milestone highlights WhatsApps role in bridging...

Sam Altman's Worldcoin (WLD) Soars 10% Amid Latest Strategic Update

Worldcoin (WLD) surged 10% in value, hitting $2.31, following a crucial update from its developers. Major Price Surge Details A tremendous increase in the value of Worldcoin (WLD) has recently occurred. In the past...

$3.9B Bitcoin Futures Expiry Could Trigger Price Drop Below $63K

On July 26, Bitcoin might experience price drops below $63,000 as $3.9 billion in futures contracts expire, raising market concerns. Deribits Significant Bitcoin Futures Expiry On July 26, more than $3.9 billion...