by Summary:
MMT is taking flak not only from the right over abandoning "sound finance," but also from the left for apparently advocating reduction in the welfare state through a job guarantee and opposing the attempt to reduce inequality through progressive taxation. What we are seeing now is the transition from MMT as a macroeconomic theory based on institutional analysis to MMT as a policy science advocating for a specific angle on policy formulation that appears to be centrist. First, is this a fair characterization and appraisal of the MMT position? If so, is there a political faction in the US to support this? The Case for Concerted ActionSome Extreme Reactionary Views Of The Neochartalists V. Ramanan
Topics:
Mike Norman considers the following as important: MMT, MMT and policy, MMT and politics, MMT criticism, MMT critics
This could be interesting, too:
MMT is taking flak not only from the right over abandoning "sound finance," but also from the left for apparently advocating reduction in the welfare state through a job guarantee and opposing the attempt to reduce inequality through progressive taxation. What we are seeing now is the transition from MMT as a macroeconomic theory based on institutional analysis to MMT as a policy science advocating for a specific angle on policy formulation that appears to be centrist. First, is this a fair characterization and appraisal of the MMT position? If so, is there a political faction in the US to support this? The Case for Concerted ActionSome Extreme Reactionary Views Of The Neochartalists V. Ramanan
Topics:
Mike Norman considers the following as important: MMT, MMT and policy, MMT and politics, MMT criticism, MMT critics
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
MMT is taking flak not only from the right over abandoning "sound finance," but also from the left for apparently advocating reduction in the welfare state through a job guarantee and opposing the attempt to reduce inequality through progressive taxation.
What we are seeing now is the transition from MMT as a macroeconomic theory based on institutional analysis to MMT as a policy science advocating for a specific angle on policy formulation that appears to be centrist.
First, is this a fair characterization and appraisal of the MMT position? If so, is there a political faction in the US to support this?
Some Extreme Reactionary Views Of The Neochartalists
V. Ramanan