by Summary:
Marxian Michael Roberts, financial economist working in the City of London (recalls Michael Hudson, Marxian Wall Street economist) criticizes MMT as presented in Stephanie Kelton's The Deficit Myth. As such, it is a criticism of a particular (American) popular presentation of MMT rather than MMT as an economic theory, so it more a criticism of the presentation than MMT as presented in academic and professional literature. Roberts has critiqued MMT as a theory previously at his blog. To his credit, he recognizes that Bill Mitchell does get Marx, but complains that MMT presentation in general submerges this.Anyway, if you are into Marx, Marxian economics, or history of economics, it's an interesting take with the above qualification. It would be interesting to hear economists that are
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Marxian Michael Roberts, financial economist working in the City of London (recalls Michael Hudson, Marxian Wall Street economist) criticizes MMT as presented in Stephanie Kelton's The Deficit Myth. As such, it is a criticism of a particular (American) popular presentation of MMT rather than MMT as an economic theory, so it more a criticism of the presentation than MMT as presented in academic and professional literature. Roberts has critiqued MMT as a theory previously at his blog. To his credit, he recognizes that Bill Mitchell does get Marx, but complains that MMT presentation in general submerges this.Anyway, if you are into Marx, Marxian economics, or history of economics, it's an interesting take with the above qualification. It would be interesting to hear economists that are
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Marxian Michael Roberts, financial economist working in the City of London (recalls Michael Hudson, Marxian Wall Street economist) criticizes MMT as presented in Stephanie Kelton's The Deficit Myth. As such, it is a criticism of a particular (American) popular presentation of MMT rather than MMT as an economic theory, so it more a criticism of the presentation than MMT as presented in academic and professional literature. Roberts has critiqued MMT as a theory previously at his blog. To his credit, he recognizes that Bill Mitchell does get Marx, but complains that MMT presentation in general submerges this.
Anyway, if you are into Marx, Marxian economics, or history of economics, it's an interesting take with the above qualification. It would be interesting to hear economists that are well-versed in MMT and Marx debate this.
Michael Roberts Blog — blogging from a marxist economist
The deficit myth
Michael Roberts