Is MMT “America First” Economics?

By Gerald Epstein, Modern Money Theory (MMT) has recently gained a remarkable amount of attention. This has stemmed largely from the “shout-outs” it has received from prominent progressive politicians such as Alexandria Ocasio-Cortez. Its recent appearances in the news and social media have also drawn a variety of criticisms from economists of different stripes. Though … More Is MMT “America First” Economics?

Modern Monetary Realism

By James K. Galbraith, Is Modern Monetary Theory (MMT) a potential boon to economic policymakers, or, as Harvard’s Kenneth Rogoff recently argued, a threat to “the entire global financial system” and the front line of the “next battle for central-bank independence”? For Rogoff, the threat seems to stem partly from the fear that MMT adherents … More Modern Monetary Realism

The Shape of Law

By Scott Ferguson, Titled Declarations of Dependence: Money, Aesthetics, and the Politics of Care (University of Nebraska Press, July 2018) my recent book develops the insights of Modern Monetary Theory (MMT) for critical theory and aesthetics. While the modern Liberal imagination treats money as a finite, private and decentralized exchange instrument that seems incapable of … More The Shape of Law

The New Postcolonial Economics with Fadhel Kaboub

Fadhel Kaboub, associate professor of economics at Denison University and President of the Binzagr Institute for Sustainable Prosperity, outlines a new critical approach to postcolonial political economy, arguing that re-gaining financial sovereignty is a crucial next step for postcolonial nations hoping to achieve social, economic, and environmental justice. We talk specifically and at length about … More The New Postcolonial Economics with Fadhel Kaboub

New Book: Economics for Sustainable Prosperity

By Steven Hail. From Palgrave Macmillan: The central argument of this book is that the foundations for sustainable prosperity lie in an approach to economic management based on modern monetary theory and a job guarantee. This approach builds on the work of Keynes, Kalecki, Minsky, Davidson, Godley and other Post- Keynesian economists—as well as research … More New Book: Economics for Sustainable Prosperity