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Peter Dorman — Economics, the Realm of Money and the Significance of GDP Growth, with an Application to Child Labor

Summary:
Peter Dorman reflects broadly on what economics is about. Worth considering, although it is only tangentially relevant to MMT as a school of monetary economics. But it does bring up key questions that extend from philosophy to sociology, anthropology, history, and political science, as well as economics. Economies are embedded in societies as their material provisioning mechanism. In doing economics the way it is usually done, it is easy to loose a lot of this, especially in focusing on economic theory.EconospeakEconomics, the Realm of Money and the Significance of GDP Growth, with an Application to Child LaborPeter Dorman | Professor of Political Economy, The Evergreen State College

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Peter Dorman reflects broadly on what economics is about. Worth considering, although it is only tangentially relevant to MMT as a school of monetary economics. But it does bring up key questions that extend from philosophy to sociology, anthropology, history, and political science, as well as economics. Economies are embedded in societies as their material provisioning mechanism. In doing economics the way it is usually done, it is easy to loose a lot of this, especially in focusing on economic theory.

Econospeak
Economics, the Realm of Money and the Significance of GDP Growth, with an Application to Child Labor
Peter Dorman | Professor of Political Economy, The Evergreen State College

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.

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