Tag Archives: budget constraint

I have encountered a number of discussions of fiscal sustainability over the past weeks. In particular, there have been debates between proponents of Modern Monetary Theory (MMT) and mainstream economists. This article does not attempt to settle the debate (although I am in the MMT camp, and obviously biased), rather frame the discussion. One of the problems with the debate is that the sides tend to talk past each other, as they have a quite different theoretical views, and this article...

Alexander Douglas replies to Simon Wren-Lewis on MMT.Stories by Alexander Douglas on Medium by Alexander DouglasSimon Wren-Lewis, MMT, mathsAlexander Douglas | Lecturer in Philosophy, University of St. Andrews