by Summary:
Personally, I’d recommend Marxists to pay MMT closer attention. It has plenty to teach us. I would say the same to MMTers. Marxism is about emancipation of workers from wage-slavery, which Marx analyzes in terms of capitalism as concentrated private ownership of the means of production being based on rent seeking and rent extract. This is free riding on the system and is parasitical. Under capitalism, workers are in a position similar to serfs and peasants under feudalism and the dominance of land lords, regardless of being "better off." They are still putting in unpaid work time and have little chance to escape the system in aggregate. The Horatio Alger stories obscure the truth. Peter Cooper (www.heteconomist.comhttp://heteconomist.com) is probably the best reference on MMT
Topics:
Mike Norman considers the following as important: Marxism, MMT
This could be interesting, too:
Personally, I’d recommend Marxists to pay MMT closer attention. It has plenty to teach us. I would say the same to MMTers. Marxism is about emancipation of workers from wage-slavery, which Marx analyzes in terms of capitalism as concentrated private ownership of the means of production being based on rent seeking and rent extract. This is free riding on the system and is parasitical. Under capitalism, workers are in a position similar to serfs and peasants under feudalism and the dominance of land lords, regardless of being "better off." They are still putting in unpaid work time and have little chance to escape the system in aggregate. The Horatio Alger stories obscure the truth. Peter Cooper (www.heteconomist.comhttp://heteconomist.com) is probably the best reference on MMT
Topics:
Mike Norman considers the following as important: Marxism, MMT
This could be interesting, too:
Steve Roth writes MMT and the Wealth of Nations, Revisited
Stavros Mavroudeas writes Financialization Hypothesis: A Theoretical and Empirical Critique Author(s): Turan Subasat , Stavros Mavroudeas Journal: World Review of Political Economy vol.14 no.2
Stavros Mavroudeas writes ‘Was I.I.Rubin a ‘Rubinist’? – S.Mavroudeas at MAEF-IPEC 2023, 7-9 June 2023, Moscow
Stavros Mavroudeas writes The DIMITRA plan and the financial and the political alchemies of G.Varoufakis
Personally, I’d recommend Marxists to pay MMT closer attention. It has plenty to teach us.
I would say the same to MMTers.
Marxism is about emancipation of workers from wage-slavery, which Marx analyzes in terms of capitalism as concentrated private ownership of the means of production being based on rent seeking and rent extract. This is free riding on the system and is parasitical.
Under capitalism, workers are in a position similar to serfs and peasants under feudalism and the dominance of land lords, regardless of being "better off." They are still putting in unpaid work time and have little chance to escape the system in aggregate. The Horatio Alger stories obscure the truth.
Peter Cooper (www.heteconomist.comhttp://heteconomist.com) is probably the best reference on MMT and Marxism. Michael Hudson (https://michael-hudson.com/) is also a good source, although he is not always in paradigm with MMT.
Magpie's Asymmetric Warfare
Parallel Lives
Magpie
See also
Jacobin
Mitchell Aboulafia | Professor of Philosophy at Manhattan College