Tag Archives: monetary theory

 The November Lectures in Monetary Theory and Policy: Recent History and Contemporary Issues, given at the Higher School of Economics are now uploaded to Youtube at  https://www.youtube.com/channel/UCgRjyvJG4zZgXj8ThLBGSfg/videos  

The article can be downloaded via the following links: https://www.researchgate.net/publication/330719577_Is_the_Financialization_Hypothesis_a_Theoretical_Blind_Alley https://www.academia.edu/42191644/IS_THE_FINANCIALIZATION_HYPOTHESIS_A_THEORETICAL_BLIND_ALLEY [embedded content] WORLD REVIEW OF POLITICAL ECONOMY Vol. 9, No. 4 (Winter 2018), pp. 451-476 DOI: 10.13169/worlrevipoliecon.9.4.0451 ‘Is the Financialization Hypothesis a theoretical blind alley?’ S.Mavroudeas &...

If we abolish money from economic theory, what replaces it? The answer is: financial assets. Although this might be viewed as a superficial change, there are important implications. In particular, the central bank can manipulate the amount outstanding of some types of financial assets, but it cannot control all of them. We end up with a more realistic view of central bank power. They no longer control “money” and hence all commerce, rather they are reduced to worrying about setting interest...

MMT gets a mention right at the top of the list.Huff PostThese 5 Rebel Movements Want To Change How Money Works Brett Scott