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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