Wednesday , April 2 2025
Home / Thomas Palley: Economics for Democratic and Open Societies / Macroeconomics vs. Modern Money Theory: Some Unpleasant Keynesian Arithmetic

Macroeconomics vs. Modern Money Theory: Some Unpleasant Keynesian Arithmetic

Summary:
The last decade has witnessed a significant revival of belief in the efficacy of fiscal policy and mainstream economics is now reverting to the standard positions of mid-1970s Keynesianism. On the coattails of that revival, increased attention is being given to the doctrine of Modern Money Theory (MMT) which makes exaggerated claims about the economic ...

Topics:
Thomas Palley considers the following as important: , , ,

This could be interesting, too:

Lars Pålsson Syll writes Schuldenbremse bye bye

Lars Pålsson Syll writes What’s wrong with economics — a primer

Stavros Mavroudeas writes CfP of Marxist Macroeconomic Modelling workgroup – 18th WAPE Forum, Istanbul August 6-8, 2025

Lars Pålsson Syll writes Krigskeynesianismens återkomst

The last decade has witnessed a significant revival of belief in the efficacy of fiscal policy and mainstream economics is now reverting to the standard positions of mid-1970s Keynesianism. On the coattails of that revival, increased attention is being given to the doctrine of Modern Money Theory (MMT) which makes exaggerated claims about the economic […]
Thomas Palley
Dr. Thomas Palley is an economist living in Washington DC. He holds a B.A. degree from Oxford University, and a M.A. degree in International Relations and Ph.D. in Economics, both from Yale University.

Leave a Reply

Your email address will not be published. Required fields are marked *