Tuesday , March 19 2024
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Mike Norman Economics

Claims that mainstream economics is changing radically are far-fetched — Bill Mitchell

I have received several E-mails over the last few weeks that suggest that the economics discipline is finally changing course to redress the major flaws in the curricula that is taught around the world and that perhaps Modern Monetary Theory (MMT) can take some credit for some of that. There has been a tendency for some time for those who are attracted to MMT to become somewhat celebratory, even to the point of declaring ‘victory’. This tendency is not limited to the MMT public who comment...

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Will BRICS launch a new world in 2024? — Pepe Escobar

BRICS doubled its membership at the start of 2024, and faces huge tasks ahead: integrating its newest members, developing future admission criteria, deepening the institution's groundings, and most importantly, launching the mechanisms for bypassing the US dollar in international finance.The financial plans are toward the end of the post. No details yet, but a plan is supposed to be presented at the BRICs meaning in the fall of this year. An alternative BRICs currency is not being planned at...

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Joe Stiglitz really should not talk about modern monetary theory when he so obviously has no clue about what it actually says — Richard Murphy

Joseph Stiglitz makes freshman mistakes about MMT in addressing the House of Lords Economic Affairs Committee on the sustainability of the UK’s national debt. Richard Murphy calls him out on it.Funding the Future (formerly Tax Research UK)Joe Stiglitz really should not talk about modern monetary theory when he so obviously has no clue about what it actually saysRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK;...

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Keynes was wrong because he failed to consider class conflict — Bill Mitchell

 Important for MMT aficionado's. I was asked during an interview the other day from Paris whether I was a Post Keynesian. I replied not at all and explained that I have never felt that my ideas fit into that category although in a facile sense we are all post keynesian in a temporal sense. Most progressive economists would answer yes if confronted with that question, even most of the economists involved in advancing Modern Monetary Theory (MMT). My point of departure is that while there was...

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Disclaimer

LOL… Need a similar disclaimer when reporting on the debt doomsday morons who have been continuously wrong for 40 YEARS…I find it hilarious that Bloomberg feels it necessary to include this disclaimer every time Kolanovic makes a market call. pic.twitter.com/sclIvqZm9V— wu wei (@wu_wei_invest) March 12, 2024

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Global South Repositioning — Fadhel Kaboub

Not MMT per se, but a post on recent doings in the real world by an MMT economist of rising prominence in the Global South. This post is broadly about a strategy for decolonization and leveling the playing field.Global South Perspectives—Reflections & Analysis by Fadhel KaboubGlobal South RepositioningFadhel Kaboub, Associate Professor of economics at Denison University (on leave) and President of the Global Institute for Sustainable Prosperity. He currently serves as the...

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