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Real World Economics Review — Modern monetary theory and its critics

Summary:
Introduction: Whither MMT? 2The editors Alternative paths to modern money theory 5 L. Randall Wray Initiating a parallel electronic currency in a eurocrisis country – why it would work 23 Trond Andresen An MMT perspective on macroeconomic policy space 32 Phil Armstrong Monetary sovereignty is a spectrum: modern monetary theory and developing countries 46 Bruno Bonizzi, Annina Kaltenbrunner and Jo Michell Are modern monetary theory’s lies “plausible lies”? 62 David Colander What is modern about MMT? A concise note 72 Paul Davidson Modern monetary theory: a European perspective 75 Dirk H. Ehnts and Maurice Höfgen MMT: the wrong answer to the wrong question 85 Jan Kregel Modern monetary theory and post-Keynesian economics 97 Marc Lavoie Money’s relation to

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Introduction: Whither MMT? 2The editors
Alternative paths to modern money theory 5 L. Randall Wray
Initiating a parallel electronic currency in a eurocrisis country – why it would work 23 Trond Andresen
An MMT perspective on macroeconomic policy space 32 Phil Armstrong
Monetary sovereignty is a spectrum: modern monetary theory and developing countries 46 Bruno Bonizzi, Annina Kaltenbrunner and Jo Michell
Are modern monetary theory’s lies “plausible lies”? 62 David Colander
What is modern about MMT? A concise note 72 Paul Davidson
Modern monetary theory: a European perspective 75 Dirk H. Ehnts and Maurice Höfgen
MMT: the wrong answer to the wrong question 85 Jan Kregel
Modern monetary theory and post-Keynesian economics 97 Marc Lavoie
Money’s relation to debt: some problems with MMT’s conception of money 109 Tony Lawson
The sleights of hand of MMT 129 Anne Mayhew
Tax and modern monetary theory 138 Richard Murphy
Macroeconomics vs. modern money theory: some unpleasant Keynesian arithmetic and 148 monetary dynamics Thomas I. Palley
MMT and TINA 156 Louis-Philippe Rochon
Modern monetary theory: is there any added value? 167 Malcolm Sawyer
The significance of MMT in linking money, markets, sector balances and aggregate demand 180 Alan Shipman
The political economy of modern money theory, from Brecht to Gaitskell 19 Jan Toporowski 
Articles can be downloaded individually at the link below. If you prefer, you can download whole issue.

 Real World Economics Review — 1 October 2019
Modern monetary theory and its critics 
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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