Friday , October 18 2019
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 Syll writes On the limited applicability of game theory

Editor writes Some constructive remarks on Wray’s “Alternative paths to MMT”

Bill Mitchell writes Apparently core MMT idea is now supported by the mainstream

John Quiggin writes Middle-aged Millennials stuck in the mud

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Your email address will not be published.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 *