by Summary:
A professor of economic history critiques MMT. MMT doesn't go far enough. It remains embedded in the present system, which itself is the root of the socio-economic problem the world faces. While Trevor Jackson agrees that MMT is descriptive of the present system, it remains too faithful to it to address emergent challenges. I have been saying this for some time but for other reasons having to do with the world system. It's past time to start thinking seriously about economic and political economy on the basis of the world system and changing world order, e.g., resulting from the growth of inequality, decolonization, and the increasing importance of systemic integration that comes along with globalization through technological innovation, the pace of which is increasing.DissentFuture
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
A professor of economic history critiques MMT. MMT doesn't go far enough. It remains embedded in the present system, which itself is the root of the socio-economic problem the world faces. While Trevor Jackson agrees that MMT is descriptive of the present system, it remains too faithful to it to address emergent challenges. I have been saying this for some time but for other reasons having to do with the world system. It's past time to start thinking seriously about economic and political economy on the basis of the world system and changing world order, e.g., resulting from the growth of inequality, decolonization, and the increasing importance of systemic integration that comes along with globalization through technological innovation, the pace of which is increasing.DissentFuture
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes DSGE models — a total waste of time
Lars Pålsson Syll writes Max von Sydow — non plus ultra
Peter Radford writes Lost opportunities?
Joel Eissenberg writes Oh, Elon!
A professor of economic history critiques MMT.
MMT doesn't go far enough. It remains embedded in the present system, which itself is the root of the socio-economic problem the world faces. While Trevor Jackson agrees that MMT is descriptive of the present system, it remains too faithful to it to address emergent challenges.
I have been saying this for some time but for other reasons having to do with the world system. It's past time to start thinking seriously about economic and political economy on the basis of the world system and changing world order, e.g., resulting from the growth of inequality, decolonization, and the increasing importance of systemic integration that comes along with globalization through technological innovation, the pace of which is increasing.
Future Monetary Theory
Trevor Jackson | assistant professor of economic history at George Washington University