Friday , April 26 2024
Home / Mike Norman Economics / Gerald Epstein — What’s Wrong With Modern Money Theory — Ramanan

Gerald Epstein — What’s Wrong With Modern Money Theory — Ramanan

Summary:
Gerald Epstein has written a book critiquing neochartalism from a policy perspective. On an initial look he seems to attack the neochartalists on two things: their reluctance to talk about rise in tax rates and the international aspect — the limited applicability of their ideas to a few rich countries.... Good. The debate is engaged. Having written a book about MMT, the author has no excuse for not knowing the MMT literature in detail and citing it where appropriate for a scholar. I am sure that MMT economists will be vigilant about this in their response. The Case for Concerted ActionGerald Epstein — What’s Wrong With Modern Money Theory V. Ramanan

Topics:
Mike Norman considers the following as important: , ,

This could be interesting, too:

Steve Roth writes MMT and the Wealth of Nations, Revisited

Matias Vernengo writes On central bank independence, and Brazilian monetary policy

Michael Hudson writes International Trade and MMT with Keen, Hudson

Matias Vernengo writes Modern Money Theory in the Tropics: A Reply to Agustin Mario

Gerald Epstein has written a book critiquing neochartalism from a policy perspective. On an initial look he seems to attack the neochartalists on two things: their reluctance to talk about rise in tax rates and the international aspect — the limited applicability of their ideas to a few rich countries....
Good. The debate is engaged. Having written a book about MMT, the author has no excuse for not knowing the MMT literature in detail and citing it where appropriate for a scholar. I am sure that MMT economists will be vigilant about this in their response.

The Case for Concerted Action
Gerald Epstein — What’s Wrong With Modern Money Theory
V. Ramanan
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published.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