Monday, November 28, 2016

Bill Mitchell on “What’s New in Modern Monetary Theory”

Bill Mitchell gives the keynote presentation at a Post Keynesian conference held at the University of Missouri-Kansas City (UMKC) in September, and the title is “What’s New in Modern Monetary Theory”:



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6 comments:

  1. Quite a lot of misrepresentation in the Post-Keynesian economics slide.

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    Replies
    1. Can you give examples? For now, PK seems superior from what I know of it and MMT, which isn't much, i.e. "what's modern in MMT is wrong and what's right isn't modern". But I'd like to know more about it

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    2. In the blog where he quotes Godley and Cripps, he posted this video. They never have the condition r<g as a debt sustainability condition. So that's flat out wrong. Wynne Godley was strongly a fiscal policy person and never said the thing about "upturns" ... and so on.

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  2. FYI, this might be of some interest:

    https://www.amazon.co.uk/Reformation-Economics-Deconstruction-Reconstruction-Economic/dp/3319407562/ref=sr_1_1?ie=UTF8&qid=1480353739&sr=8-1&keywords=the+reformation+in+economics

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