Towards a Monetary Theory of a Process of Change

Author(s):  
Mario Amendola ◽  
Jean-Luc Gaffard
2018 ◽  
Vol 28 (2) ◽  
pp. 213-232
Author(s):  
Rayna D. Markin ◽  
Kevin S. McCarthy ◽  
Amy Fuhrmann ◽  
Danny Yeung ◽  
Kari A. Gleiser

1998 ◽  
Author(s):  
Kristel Bleyen ◽  
Hans Vertommen ◽  
Chantal Van Audenhove
Keyword(s):  

2018 ◽  
Vol 22 (5) ◽  
pp. 247-280
Author(s):  
Young-Rye Ha ◽  
Dong-Ok Min ◽  
Dae-Gun Bae

2020 ◽  
pp. 121-134
Author(s):  
S. A. Andryushin

In 2019, a textbook “Macroeconomics” was published in London, on the pages of which the authors presented a new monetary doctrine — Modern Monetary Theory, MMT, — an unorthodox concept based on the postulates of Post-Keynesianism, New Institutionalism, and the theory of Marxism. The attitude to this scientific concept in the scientific community is ambiguous. A smaller part of scientists actively support this doctrine, which is directly related to state monetary and fiscal stimulation of full employment, public debt servicing and economic growth. Others, the majority of economists, on the contrary, strongly criticize MMT, arguing that the new theory hides simple left-wing populism, designed for a temporary and short-term effect. This article considers the origins and the main provisions of MMT, its discussions with the mainstream, criticism of the basic tenets of MMT, and also assesses possible prospects for the development of MMT in the medium term.


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