Why is there a War in Afghanistan? | Prof John McMurtry (2001) | scienceforpeace.ca

The following article was part of a Science for Peace Forum and Teach-In, about How Should Canada Respond to Terrorism and War on Sunday December 9, 2001. A speech was made there by Professor of Philosophy, John McMurtry. It looks at a wider and deeper issue of totalitarianism that is creeping in, or, as McMurtry suggests, continuing in more earnest.

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Your Money or Your Life: John McMurtry and Martha Nussbaum on the For-profit Assault upon Life-capabilities | Giorgio Baruchello (2011)

Philosophical reflections by John McMurtry and Martha Nussbaum are presented in this article qua projections of the capabilities approach to life that has been developing in the humanities and social sciences over the past twenty-five years. In particular, it is shown how both McMurtry and Nussbaum reveal that human life is under attack not solely because of the eco-biological collapse denounced by the world’s scientific community at its highest levels, but also in many of those socially evolved civil commons that contribute to the flourishing of life’s capabilities and, in essence, make life worth living. What is more, a common causal root is found behind this ongoing two-pronged assault upon life capabilities, that is to say, the defining search for ever-increasing profits of the global free-market economy.

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Good and Bad Capitalism: Re-thinking Value, Human Needs, and the Aims of Economic Activity | Giorgio Baruchello (2009)

The world is experiencing a twofold crisis. On the one hand, the global, virtualised economy is collapsing and, in its fall, it is bringing down significant sections of the real economy. On the other hand, the environmental collapse of the planet is also marching on, and there is no clear sign that this may stop soon, for the most commonly discussed paths for economic recovery seem to rely upon further spoliation of the Earth’s life support systems. In this book chapter, the reader is to encounter an account of this twofold crisis in light of the deeper axiological grounds that are causing it. To this end, the present author refers extensively to the theory of value developed by Canadian scholar John McMurtry, according to whom: “[F]inancial crises always follow from money-value delinked from real value, which has many names but no understanding of the principle at its deepest levels.”

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Capitalism and Freedom: The Core of a Contradiction – An Essay on Cornelius Castoriadis and John McMurtry | By Giorgio Baruchello (2008)

0.0 Capitalism and freedom is not only the title of a 1962 book by Milton Friedman playing a pivotal role in asserting worldwide the neoliberal paradigm, but also the slogan that leading statesmen, politicians and opinion-makers have been heralding in recent years, in order to justify, amongst other things, the slashing of welfare states and the invasion of foreign countries…

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Modern monetary theory and its critics | real-world economics review

Modern monetary theory and its critics

3 October 2019

Introduction: Whither MMT?
The editors
2
Alternative paths to modern money theory
L. Randall Wray
5
Initiating a parallel electronic currency in a eurocrisis country – why it would work
Trond Andresen
23
An MMT perspective on macroeconomic policy space
Phil Armstrong
32
Monetary sovereignty is a spectrum: modern monetary theory and developing countries
Bruno Bonizzi, Annina Kaltenbrunner and Jo Michell
46
Are modern monetary theory’s lies “plausible lies”?
David Colander
62
What is modern about MMT? A concise note
Paul Davidson
72
Modern monetary theory: a European perspective
Dirk H. Ehnts and Maurice Höfgen
75
MMT: the wrong answer to the wrong question
Jan Kregel
85
Modern monetary theory and post-Keynesian economics
Marc Lavoie
97
Money’s relation to debt: some problems with MMT’s conception of money
Tony Lawson
109
The sleights of hand of MMT
Anne Mayhew
129
Tax and modern monetary theory
Richard Murphy
138
Macroeconomics vs. modern money theory: some unpleasant Keynesian arithmetic and monetary dynamics
Thomas I. Palley   
148
MMT and TINA
Louis-Philippe Rochon
156
Modern monetary theory: is there any added value?
Malcolm Sawyer
167
The significance of MMT in linking money, markets, sector balances and aggregate demand
Alan Shipman
180
The political economy of modern money theory, from Brecht to Gaitskell
Jan Toporowski
194
Board of Editors, past contributors, submissions, etc. 203

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BE STILL AND KNOW LIFE-VALUE ONTO-AXIOLOGY – A collection of essays by Prof. John McMurtry | globalresearch.ca

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Table of Contents

  • I. THE RIGHTS OF THE “HUMAN” OVER THE “NON-HUMAN”: THE UNDECLARED WORLD WAR OF HUMAN RIGHTS VERSUS CORPORATE RIGHTS
    • Right to Life: From Right-Wing Slogan to Life-Grounded Comprehension
    • Intrinsic Life Worth and Humanity’s Universal Being
    • Projecting Personhood onto the Non-Human to Deprive the Human
    • The Life-Value Onto-Ethic in Contrast
  • II. FINDING THE LOST LIFE-VALUE GROUND AND MEASURE: THE COMMON LIFE INTEREST OF LEGITIMATE RIGHTS AND SOCIAL JUSTICE
    • Capabilities: Regrounding Amartya Sen and Martha Nussbaum in Life Need and Value
    • Individual Differences and the Life-Value Criterion and Measure of Legitimate Rights
    • Thinking Past the Life-Blind Paradigms
    • The Universal Human Life Necessities
    • Universal Life Needs the Basis of All Legitimate Rights
  • III. GROWING THE LIFE GOODS BASE: BEYOND MONEY, IDEOLOGY AND PRODUCTIVE FORCES
    • Why Marx Does not Solve the Problem
    • Predictable Downfall of Human and Planetary Life Until Life-Value Turn
    • From Moral and Legal Philosophy to Marxian Revolution: The Missing Life-Ground
    • The Modern Blind Eye: No Life-Value Standard to Steer Productive Development
    • The First Requirement of Social Justice: Re-Grounding in Universal Human Life Goods
    • Recognising the Human Vocation Above All
    • Right of Access to Universal Life Goods: The Missing Argument
  • IV. THE UNIVERSAL HUMAN LIFE NECESSITIES: THE LIFE GROUND OF ECONOMICS AND HUMAN RIGHTS DEFINED
    • Blocking Out Life Necessity: The Compulsion of High Theory
    • The Universal Life Needs and Goods: Explaining the Base of All Rights and Obligations
    • Beyond the Invisible Hand: Naming Humanity’s Universal Life Necessities and Goods
    • How to Test the Universal Life Goods and Necessities for Validity
    • Sufficiency and Insufficiency of Provision Recognised by Life Capacity Margins
    • Thinking Through “From Each According to Ability, To Each According to Needs”
  • V. RECOVERING THE BASES OF OUR LIVES FROM SILENCE AND OCCUPATION: THE HUMAN VOCATION, THE CIVIL COMMONS AND SOCIAL JUSTICE
    • Being Human: Why We Must Work for Our Own Life Good and Others’ at the Same Time
    • The Civil Commons: Real Economic Base and Social Correlative of the Human Vocation
    • The Corporate-Rich War on Civil Commons to Expropriate and Degrade Them for Profit
    • From Commons-Blind Theory on Both Sides of Class Division to Life-Goods Economy and Justice.
    • Regaining the Lost Bearings of Civil Commons as First Premise of Human Evolution
    • From Corporate State versus Social State to Life-Coherent Rationality
  • VI. EVOLVED CIVIL COMMONS VERSUS CORPORATE GLOBALIZATION: A PERFORMANCE EVALUATION ACROSS UNIVERSAL LIFE GOODS
    • Re-Setting to the Common Life-Ground of Our Existence
    • Economic Advance and Social Justice Both Decided by Universal Provision of Life Goods
    • Atmospheric Goods
    • Bodily Goods
    • Home and Habitat Goods
    • Environmental Integrity
    • Life-Protective Goods of Security and Healthcare
    • Cultural Life Goods
    • The Good of Human Vocation
  • VII: WHY CONTEMPORARY JUSTICE THEORY FAILS: THE MISSING COMMON INTEREST OF HUMAN RIGHTS AND REASON
    • Abstracting Away Everything that Ultimately Matters: Mapping High Theory’s Correspondence to the Life-Blind Ruling System
    • G.A. Cohen’s Egalitarian Rescue Remains Within the Ruling Alibi as First Premise
    • Economic Science and Pareto Optimum/Efficiency Unmasked in Principle
    • Rawlsian Justice as Trickle-Down Myth in Formal Costume
  • VIII. BEYOND EQUIVOCAL EQUALITY AND MASKING MYTHS: GROUNDING JUSTICE IN WHAT WE ALL NEED TO LIVE AS HUMAN
    • From Rational Plan of Life to Human Vocation: The Ultimate Moral Regrounding
    • Life-Ground Ethics Rejects a Career Plan as a Universal Good of Justice or Morality
    • Linking Life Right and Obligation at System-Wide and Historical Levels
    • The Life-Coherence Principle, Civil Commons, and the Human Vocation
  • IX. REGAINING THE REAL ECONOMY FROM THE CANCER SYSTEM: THE CHOICE SPACE FOR HUMANITY’S EVOLUTION OR DESTRUCTION
    • Evolution of Humanity by Rules of Life-Enabling Economy and Justice
    • Progressive or Regressive Meta Pattern of History?
    • The Corporate-State War Against Human Evolution
    • Recovering the Real Economy in Principle and Fact
  • X. THE SOCIAL STATE VERSUS THE CORPORATE STATE: FROM EUROPEAN FASCISM TO GLOBAL MONEY-SEQUENCE ABSOLUTISM
    • Social State Evolution versus Corporate State Growth: The Battle Lines Defined
    • From the Depression, Anti-Fascist War and Decolonisation to the Corporate Occupation
    • The Morality of Corporate Rights: No Rights Except for Private Money Sequences
    • Social Justice and Economic Integrity: The Life Code in Social Defence
  • XI. THE LIFE-AND-DEATH WAR OF RIGHTS SYSTEMS DEFINED
    • Defining the Global Corporate Mechanism in Formal Terms
    • The Age-Old Life Economy of the Civil Commons versus the Corporate-Rights System
    • Holding and Advancing the Life-Ground of Resistance: Clarifying the Civil Commons of Economic and Human Rights Around and Under Us
    • Beyond Amnesiac Despair: The Life Economy and Human Rights Base Already Won
    • The Real Private Sector is the Opposite of Global Corporate For Profit
  • XII. HUMANITY’S EVOLUTION AND THE GREAT REVERSAL: AN ANATOMY OF THE CORPORATE RIGHT COUNTER-REVOLUTION
    • Getting Our Historical Bearings in the Turning-Point Time
    • The Great Reversal
    • The Historic Choice Today
  • XIII. HISTORY’S LONG WAR FOR LIBERATION: RECLAIMING THE LIFE RIGHTS WHICH HAVE BEEN WON
    • The United Nations Universal Declaration of Human Rights
    • Societies’ Life Rights Against Corporate Fascism Across Borders
    • Resolving Confusions of Meaning to See the Historical Pattern Across Generational Time
    • Reclaiming and Moving Beyond the Human Life Rights That Have Already Been Won.
  • REFERENCES

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A Manifesto

In the capitalist system, the prime directive enshrined in law is to maximize profit for the shareholders, and not to optimize benefits for all stakeholders, inclusive of workers, customers, communities and our planet.  These are treated as externalities so as to privatize the gains and socialize the losses.

In this system, workers are seen as a cost (a liability) and if the capitalists can automate what workers do, and thus bring the cost of “labour” to zero, they would do that readily to maximize profit gains.  Also having a bumper stock of unemployed people keeps the price of labour low (according to market supply-demand principles), hence the manufacturing of poverty and economic refugees, which can be stopped in a heartbeat if there is the local and global political will to end tribal “wars” and destabilizations within and without……

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Macroeconomics with Warren Mosler, Bill Mitchell and Martin J Watts, Birmingham – 11th May 2019

The Gower Initiative for Modern Money Studies
Published on May 20, 2019

The Gower Initiative for Modern Money Studies was delighted to host this event at which founding proponents of Modern Monetary Theory, Professor Bill Mitchell and Warren Mosler, were joined by their colleague and fellow internationally respected author, Professor Martin J Watts.

Following the launch in March of the textbook ‘Macroeconomics’ and the inauguration of the MMT training college later this year the event focused on giving academics, teachers and the wider public the tools with which they can take a more critical approach to the subject by comparing and contrasting heterodox and orthodox approaches to theory and policy.

This event aimed to challenge preconceptions about how money works and explained how such an understanding offers a lens through which we can develop solutions to the pressing economic, social and ecological issues we face.

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A Selection of Articles on Modern Monetary Theory by L. Randall Wray | neweconomicperspectives.org

Table of Contents

♦ MODERN MONEY THEORY: THE BASICS
♦ Taxes and the Public Purpose
♦ CREATIONISM VERSUS REDEMPTIONISM: HOW A MONEY-ISSUER REALLY LENDS AND SPENDS
♦ Tax Bads, Not Goods
♦ DEBT-FREE MONEY: A NON-SEQUITUR IN SEARCH OF A POLICY
♦ Why Money Matters
♦ MODERN MONEY THEORY: How I came to MMT and what I include in MMT
♦ An MMT View of the Twin Deficits Debate
♦ A Conspiracy Against MMT? Chicago Booth’s Polling and Trolling
♦ A Must Read: Why does everyone hate MMT?
♦ HOW TO PAY FOR THE WAR Read More

FULL EMPLOYMENT & EMPLOYMENT GUARANTEES – By Randall Wray (2009)

Economic stimulus packages can never satisfactorily address the real problem of unemployment and underemployment in market economies, according to Randall L. Wray. He estimates real unemployment is close to 30 million people or 20% of the workforce in the USA. But there is an effective and affordable to achieve full employment through direct job creation programs financed by the US Government. In this webcast, Professor Wray discusses the short and long term causes of unemployment, the right to employment, the hidden costs of unemployment, the unrecognized benefits of full employment, theory of how job guarantee programs can effectively balance full employment and currency stability along with practical examples of successful programs. This presentation will be of interest to all those looking for a realistic practical strategy for addressing the problem of unemployment. Wray is Professor of Economics and Research Director of the Center for Full Employment and Price Stability at the University of Missouri–Kansas City and Senior Scholar at the Levy Economics Institute of Bard College in New York. He is author of numerous books including Money and Credit in Capitalist Economies and Understanding Modern Money: The Key to Full Employment and Price Stability. For a complete bio and list of Professor Wray’s publications and links to working papers, click here

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