Abstract
:Over the past decade or so, a number of post Keynesians have been critical of modern monetary theory (MMT) despite MMT being a part of the post Keynesian tradition. In this paper we argue that the incorporation of MMT principles enhances the post Keynesian theoretical and policy framework. We substantiate this claim by (1) outlining the common theoretical elements that unite post Keynesian and MMT advocates; (2) addressing post Keynesian claims regarding the MMT interpretation of money and the monetary system; and (3) examining the differing perspectives on the role of fiscal policy to achieve sustained full employment.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
