Michael Stephens | October 27, 2017 Today at the New School, L. Randall Wray and Stephanie Kelton take part in a public workshop organized by the National Jobs for All Coalition that is focused on developing a “A New ‘New Deal’ for NYC and the USA.” Wray and Kelton will be sharing initial findings from an upcoming Levy Institute project that proposes a universal job guarantee for the United States. The program would create...
Read More »Event: Strategizing a New New Deal
Michael Stephens | September 8, 2017 If you’re in the vicinity of New York City at the end of October, Levy scholars Randall Wray and Stephanie Kelton are taking part in a public meeting organized by the National Jobs for All Coalition. The meeting is part of a series of public events focused on the legacy of New Deal. Wray and Kelton will be participating in a panel on the job guarantee — “Political and Economic Prospects for...
Read More »MINSKY AND MODERN MONEY THEORY: Was Minsky a “forefather”?
By L. Randall Wray A few weeks ago, a video of a lecture that Hyman Minsky gave at Westminster College on Oct 30, 1991 was made available. Although the Levy Institute has some audio of Minsky, this is the only video I know of. The audio of this one is not great, but you will get some flavor of his style. In truth, it was always a bit hard to follow his presentations as he had a tendency to lower his voice and mumble near the end of sentences as his mind raced ahead to the next point. He...
Read More »L. Randall Wray on MMT and Positive Money
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Read More »MMT And Debunking AMI: Postive Money
Steve Grumbine talks with NEP’s L. Randall Wray for Real Progressives LIVE. Topics include MMT and Debunking AMI: Positive Money and other important and relevant economic issues that affect the progressive agenda. [embedded content]
Read More »Xmas Cheer: The Debt Is Not Our Biggest Problem
Why do so many pundits and politicians, including the future director of the Office of Management and Budget, beat the debt drum so loudly and so often? It’s one of the most effective, and most abused, wedge issues in American politics. by Kerry Pechter The nomination of Mick Mulvaney—deficit hawk, three-term Republican congressman from South Carolina and founding member of the House “Freedom Caucus”—to the cabinet-level directorship of the Office of Management and Budget is not good...
Read More »Wray on Minsky on “Hopping Mad”
On Monday, 31 October 2016, Dr. L. Randall Wray was on the radio program and podcast, Hopping Mad with Will McLeod & Arliss Bunny. The focus of the interview was Wray’s newest book, Why Minsky Matters: An Introduction to the Work of a Maverick Economist. The interview was more than an hour long so Wray was able to give lengthy answers without being pressured for time. Dr. Wray’s book, Why Minsky Matters can be found on the Princeton University Press website and on Amazon where it is is...
Read More »WHY ARE WE GATHERED HERE? Remarks Made at the 13th International Post Keynesian Conference
L. Randall Wray The following text reproduces my notes for my talk on the final night of the conference; I think there is a video of the entire panel that will be posted up on the conference site later This conference is dedicated to the memory of Landon Rowland, a local Renaissance man. You have heard both Robert Skidelsky and Chancellor Leo Morton speak of his accomplishments. Over the years, Landon regularly invited Bill Black and me to lunch to discuss our view of the state of the...
Read More »The Radical Imagination: Imagining Economics in an Age of Stein, Clinton, Trump or Johnson
NEP’s Randy Wray appears on The Radical Imagination with host Jim Vrettos. Topic of discussion is the science of economics and what a U.S. economy will look like under the administration of Stein, Clinton, Trump or Johnson. [embedded content] View directly on vimeo here. Share this:
Read More »TRUMPBUSTERS: WHO YOU GONNA CALL?
Randall Wray, Bard College For months now, the Hillary campaign has vigorously argued that Bernie supporters have to fall in line to support the Democratic National Committee’s favorite candidate. Anyone not willing to jump to Hillary is a “Bernie Bro”—not willing to vote for anyone but Bernie. Why? Because, Trump. Forget the will of the people, the democratic process, or “voting one’s conscience”—Trump trumps all hesitation. We simply cannot afford to give Trump any chance of winning. We...
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